Louis Vuitton brings bags of class to Tel Aviv
Slowing luxury demand isnt unique to LVMH. After binging on goods from Rolex watches to Hermes (RMS) Birkin bags, shoppers have cut spending as the economy splutters. Consumption is weaker in Europe, Taiwan and Korea and China isnt as buoyant as it was two years ago, PPR Chief Financial Officer Jean-Marc Duplaix said in April after its Gucci brand reported its slowest sales growth since 2009, excluding currency swings. Yet Sephora and DFS keep growing. New stores in Shanghai and Hong Kong fueled a 17 percent gain in first-quarter comparable sales at the Selective Retailing division as the regions nascent middle class splurged on goods like Bobby Brown cosmetics and Johnnie Walker whisky. LVMH declined to make executives available to discuss the business. Wide Appeal Providing a broad range of skincare and fragrances has been key to Sephoras success since it was founded in 1969. Acquired by LVMH in 1997, it has become the worlds biggest beauty retailer, with about 1,300 shops in 27 countries.
Louis Vuitton Raised Most Non-Leather Handbag Prices, HSBC Says
While this may sound like something straight out of Paris or Milan, this latest Blog Here VIP room can be found in the upscale mall in Ramat Aviv, a suburb of Tel Aviv. The only Louis Vuitton store in Israel relocated there in mid-June and is one of only seven of their stores in the world with a VIP room. At present, the room features the Rare and Exotic Collection, a group of handbags made with variations of animal skin and Louis Vuitton canvas. The collection also features the most expensive bag in the store, the Bowling handbag. At NIS 70,000, the Bowling is made of Louis Vuitton canvas, python and crocodile skins. We have one of the seven VIP rooms [in the world] because there was such a demand here, Ayelet Dobkin, a publicist for Louis Vuitton said. This store is three times bigger than the first Louis Vuitton store built in Israel. Louis Vuitton Sales Associate Asaf Mizrahi agreed that it was vital to add the exclusivity to the Ramat Aviv store. One of the core values of Louis Vuitton, he said, is rarity. Its why they dont overstock the store, only receiving one or two of each of the bags that they hold in the back.
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and U.S., and by 5 percent to 10 percent in Asian markets including China, Hong Kong, Taiwan and Singapore, the analyst wrote. The euros strength against some currencies may lead LVMH to charge more, Chairman and Chief Executive Officer Bernard Arnault said Jan. 31. Vuittons price increase in Japan, the biggest ever by the brand in the country, was taken to offset the impact of the yens slide on sales, the company said Feb. 20. In addition to protecting margins, the price increases must be seen, in our view, as a means to accelerate LVs repositioning towards more leather, Belge wrote. The decision will probably weigh on the number of items sold, though its the right thing for brand equity longer term. Vuittons 2013 sales may rise 6 percent, excluding currency moves, while volume may decline 2 percent to 3 percent, Belge wrote.
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Miranda Kerr empties her Louis Vuitton satchel on Instagram
Well, she’s only gone and read our minds by emptying out her designer bag on Instagram. Hurrah! Something tells us those gorgeous nude heels don’t quite fit, but as for all her beauty essentials, they most certainly do. Equipped, of course, with her own natural skincare range KORA Organics, she also packed in two summer bright balms in red and pink keeping her failsafe lip shades close by, we like her style. Eyelash curlers and a powder foundation rounded off the mini makeup haul, to be teamed with Miranda’s fave retro sunnies. Instagram / Miranda Kerr