LVMH Counts On Lipstick for Growth as Handbag Sales Slow
Creatures crafted out of Louis Vuitton handbags on display in Chinese megastore The French fashion giant has opened a special ‘zoo’ Located at flagship store in the central Chinese city of Wuhan The zoo houses a total of 23 animals The panda took more than 2 months and 74 Louis Vuitton bags to complete PUBLISHED: 08:14 EST, 31 May 2013 | UPDATED: 09:22 EST, 31 May 2013 130 shares Fashion is all about creativity and luxury label Louis Vuitton get top marks for innovation and all-round fun for their latest stylish project. The French fashion giant has opened a special ‘zoo’ – featuring animals made out of their iconic handbags. The zoo was crafted to celebrate the opening of the brand’s new flagship store in the central Chinese city of Wuhan. Stylish creatures: Animals have been made out of handbags at the new Louis Vuitton store ‘zoo’, in Wuhan, China A bug’s life: This cricket made from Louis Vuitton handbags is one of 23 animals that have been designed The zoo houses a total of 23 animals, including a giant panda, a cricket, an armadillo and a beaver, all located in the atrium of Wuhan International Plaza.
Chanel In China Is Most Sought-After Fashion Brand, According To World Luxury Index
Also in this section despite all the fuss, thicke’s a lightweight The 28-year-old has been hand-picked by the world-famous designer to take part in a relaunch of one of their most famous handbags. The special project is due out later this summer and Angela had a leading role in bringing her quirky style to the famous Vuitton handbag. The campaign is aimed at magazines and other fashion publications in the UK. “It was a relaunch of one of their iconic bags, so they asked me to get involved to put my spin on it,” an excited Angela told the Diary. “We shot in London and it will all be coming on-stream pretty soon. I did a video and shots. It was actually really good fun,” she added. Known for her alabaster skin and natural complexion, Angela is one of Ireland’s most successful stylists and personal shoppers.
Arnault Installs Daughter at Vuitton to Fix Fading Handbag Maker
Louis Vuitton is the flagship brand of French conglomerate LVMH , which also owns such luxury brands as Bulgari, Givenchy and Dom Perignon. According to the Sanford Bernstein sell-side research firm, Vuitton handbags generate a half of the operating income of the LVMH, and a revenue of 7.4 billion euros per year. That’s seven times more than Poles spend per year on luxury goods in total (excluding cars), according to KPMG. Nevertheless, the Polish luxury market enjoyed a 50% growth during 2000-2010, increasing much faster than the global luxury market, which is currently worth 210 billion euros. “The Polish market recorded a solid rise, but that is not the only element we take into account,” Eggs says. “Demand and potential are also important to us, and the latter is quite big in Poland. About 30% of luxury labels still arent available here.” No discounts, no sales Eggs is not keen on talking about prices, although he reveals that the cheapest thing in the Warsaw shop is a calendar refill 149 zlotys (35 euros). The lowest price for a bag is 2,100 zlotys (492 euros), while the most expensive piece from the exotic series made of python, ostrich or crocodile leather goes for more than 85,000 zlotys (19,920 euros). When I ask how many of those bags they hope to sell, he answers: 2,700 BMW cars were sold last year in Poland.
Angela bags dream job in relaunch for designer Vuitton
Arnault, 38, will join LVMHs largest brand in September from Christian Dior Couture, where she has been deputy managing director since 2008, the Paris-based luxury goods maker said today in a statement. The executives knowledge of high-quality products and her experience at Dior are key assets to contribute to the successful development of Louis Vuitton, Michael Burke, chairman and chief executive officer of the handbag maker, said in a statement. Vuitton is raising prices, using more leather as well as fewer logos in its product mix and limiting store expansion to regain its luster as sales growth slows from Barcelona to Beijing. LVMH, the worlds largest luxury goods maker, in April posted its weakest fashion and leather goods sales growth since 2009. Vuitton, which accounted for about half of LVMHs 5.9 billion euros ($7.7 billion) in earnings before interest and taxes in 2012, needs fixing, said Luca Solca, an analyst at Exane BNP Paribas. I can hardly imagine a more important job within the group than to be overseeing this process. It can be a coming of age assignment. The shares gained as much as 2.5 percent in Paris trading and were up 2.1 percent to 121.7 euros as of 4:33 p.m. To contact the reporter on this story: Andrew Roberts in Paris at email@example.com To contact the editor responsible for this story: Celeste Perri at firstname.lastname@example.org Facebook
Not been keeping up with the fraud fight? Don’t worry, we’ve summarised the full details for you here , but basically Hermes has accused Louis Vuitton’s parent company of illegally trying to amass a majority stake in its shareholdings. As the case continued to play out in a French court this week, Hermes reportedly accused LVMH of committing the “most important fraud in the history of the French stock market.” It’s a heavy claim and Hermes representatives have shown no sign of wavering under the power of their words, but despite the severity of the accusations, LVMH is still claiming total innocence. In fact, a spokesperson has gone so far as to tell French newspapers that Hermes’ claims should be dismissed entirely, and considered a part of a wider slander campaign. Eeish. You can’t get more of an ‘it wasn’t me’ than that. What do you think? Reckon LVMH was up to no good?
Hermes brand Louis Vuitton fraud ‘most important in history of French stocks’
And its reasonably priced. With Vuittons sales growth slowing from Barcelona to Beijing, catering to beauty buyers like Le Sassier is getting more important for LVMH. As shoppers curb spending on $940 Neverfull bags while splurging on $31 Dior Addict lipsticks, Sephora will help LVMHs Selective Retailing unit overtake fashion and leather goods as its biggest business by 2018, Sanford Bernstein estimates. That leaves LVMH better placed than rivals such as PPR SA to weather stagnating luxury demand. Sephora is a category killer, said Sanford Bernstein analyst Mario Ortelli. Investors concerned that sales of the Vuitton brand will keep fading are overcautious about LVMH. The owner of more than 60 brands — from Dom Perignon champagne to Bulgari jewelry — LVMH in April reported its weakest fashion and leather goods sales in more than three years. Its shares rose 0.1 percent to 136.8 euros at 2:25 p.m.
Welcome To Poland’s First Louis Vuitton Store: “Open Your Bag Please”
The latest Roman Empire to fall is Louis Vuitton , left in the dust by Chanel . According to the World Luxury Index, Chanel is now the most sought-after brand in China. Previously, Louis Vuitton had held the top slot, but Digital Luxury Group, the company that conducted the market research, claims that Chanel’s edge in the lucrative beauty industry pushed it ahead. (Louis Vuitton currently has no stake in beauty.) It’s no wonder Chanel is all the rage in China. Aside from hawking some pretty covetable bags and perfumes, the fashion house has been a model for many of its competitors with its emphasis on exclusivity , especially when it comes to China. After the company opened stores in Shanghai last year, Chanel’s president of fashion, Bruno Pavlovsky, told CNN: “We try to get the best three boutiques in Shanghai instead of having 10 boutiques.” Are you listening, Louis Vuitton? Perhaps you just need to launch a fragrance and play a little hard to get so that you can get back into China’s good graces.