Louis Vuitton’s “slow” road back to prestige
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 Going Here skin and Louis Vuitton canvas. The collection also Louis Vuitton Bags 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.
LVMH Lipstick Growing Bigger Than Bags as Vuitton Slows: Retail
‘Milan was difficult at the beginning, especially the weather, but I loved the Italians. I didn’t go home for a year and a half.’ De Libran, it turns out, comes from entrepreneurial, if aristocratic, stock. Her father, once settled in California, brought French bread and pastries to the West Coast, with the Champagne Bakery and Figaro in Los Angeles. Her brother, who followed him into the business, is now with Starbucks, working on improving its food offering. And her sister, a resident of South Kensington, is married to the antiquarian Simon Phillips, a founder of Masterpiece, the de luxe London fair for significant art and antiques. Her mother runs a successful interior-decoration business in North Carolina. Meanwhile, de Libran’s roots in viniculture haven’t been entirely lost: her husband produces the prestigious Chateau de Briat Armagnac from his estate near Bordeaux. As soon as she graduated in 1991, de Libran found a place at Dior, before moving to Versace. She was there in 1997 when Gianni Versace was shot dead by a stalker in Miami. ‘That was terrible, such a shock.
Louis Vuitton Raised Most Non-Leather Handbag Prices, HSBC Says
Louis Vuitton is trying to take the slow road back to its dominance as a luxury retail brand, riding the back of a llama-like animal and a $2.56 billion acquisition. As I noted recently, the French vendor of elite handbags, clothing, jewelry and champagne has lost some of its shine. While it is still the worlds number one luxury brand, it has given up luster to rivals like Prada and Gucci. Luster is everything in the allure of the luxury world, so LVMH Moet Hennessy Louis Vuitton (the full name-dropping moniker of the company) is doing what it can to polish up. Its latest move: Its spending $2.56 billion to acquire 80 percent of Loro Piana, an exclusive Italian textile firm and clothier that hails from near Lake Como, a place where George Clooney hangs out.
Julie de Libran: Louis Vuitton’s secret weapon
Vuitton raised prices by at least 10 percent in the U.K. 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.
Financiere Richemont SA. (CFR) Expanding Middle LVMHs Selective Retailing division, which includes Paris department store Le Bon Marche and duty-free shop operators DFS and Miami Cruiseline Services, accounted for 28 percent of 2012 sales. Ortelli recommends buying LVMH shares and holding PPR. LVMH revenue is set to advance 7.5 percent this year, according to estimates compiled by Bloomberg. Thats faster than the 5.2 percent growth analysts predict for PPR.