Arnault Installs Daughter at Vuitton to Fix Fading Handbag Maker
The JK Mercado and Sons Agricultural Enterprises (JKMSAE) opened on Wednesday in Kapalong, Davao del Norte, the only crocodile abattoir in Mindanao. Vicente Mercado, chairman of the board of JKMSAE, said besides Louis Vuitton, other branded bag makers would also buy the croc skin from them, although he did not name the other buyers. The slaughterhouse would source the skin from the local saltwater crocodile, known as the Crocodylus porosus, which is also bred in JKMSAE’s 10-hectare farm. The company has 6,000 reptiles, consisting of the saltwater species, which they breed for trade, and the Crocodylus mindorensis species which they raise for conservation. To ensure that the abattoir, which would slaughter at least 24 crocs a day, would meet global standards based on regulations of the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES), the animals to be culled would be hit by an electric stunner and then would cut the coil and check the croc’s brain to ensure it is dead. The farm, in turn, will sell the crocodile meat in the local market. The farm is registered with CITES and open to tourists who want to learn more about the crocodile industry in the Philippines.
Louis Vuitton parent company LVMH fined 8 million Euros in Hermes case
After much name calling, accusation throwing and general slinging of verbal mud, French regulatory board AMF condemned LVMH for ‘failing to follow market rules’, when it discretely accumulated a significant stake in Hermes stocks. Citing the “seriousness of the successive breaches of public disclosure requirements, which consisted in concealing each stage of LVMH’s stake-building in Hermes,” as the fuel behind the hefty fine, the AMF appear to be in no doubt that there’s been foul play. LVMH however, continues to disagree. Brandin both the claim and punishment to be ‘unfounded’, the conglomerate has said it will appeal against the decision, despite further cases being already lodged against it by, yep you guessed it, Hermes. Though this chapter may be settled for now, expect more drama as the cases continue to pile up! Thoughts?
Louis Vuitton buying Philippine croc skins
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.
Louis Vuitton to buy croc skins
Quality crocodile skin commands a very high price and is said to be sold per centimetre. Peacekeepers to stay in Golan MANILA: The Philippine government will continue to deploy Filipino peacekeepers to Golan Heights provided that the United Nations will improve the security measures for them, a senior government official said yesterday. Foreign Affairs Secretary Albert del Rosario said this was the condition set by President Benigno S Aquino III after an assessment team, of which he is a member, submitted its recommendation to him. Subject to meeting considerations which the Philippines has made to enhance the security and safety of our peacekeepers, the President has expressed the Philippines is prepared to continue its United Nations Disengagement Observer Force participation, he said. He added that the president has agreed to continue with the deployment of the 340 contingent until August 11. Councillor shot dead in Abra MANILA: A councillor was killed and robbed after he bought cattle in Abra province, police said yesterday. Police identified the victim as Rogelio Talingdan, 52, a businessman of Sitio Naguilian, Brgy San Gregorio, Lapaz, Abra. Investigation showed that a gunman approached and shot the victim twice on the head after he negotiated to buy cattle at Brgy Talogtog, Dolores last July 4 at the porch of the cattle market office. The assailant grabbed the victims jacket which reportedly contained P500,000 then ran toward Brgy Kimmalaba also in Dolores, police said. Investigators recovered from the scene two slugs of still unknown gun calibre.
Welcome To Poland’s First Louis Vuitton Store: “Open Your Bag Please”
Mercado and Sons Agricultural Enterprises, Inc. (JKMSAE) that owns the crocodile farm and slaughterhouse, said that other premium bag makers also buy the skins that they get from the slaughtered saltwater crocodiles or the Crocodylus porosus species. Quality crocodile skin commands a very high price and is said to be sold per centimeter. Located in Barangay New Katipunan in Kapalong, the 10-hectare JKMSAE farm breeds over 6,000 crocodiles both for conservation (Crocodylus mindorensis species) and trade purposes. The crocodile slaughterhouse is considered to be the most modern and second largest in the country. Mercado said that the JKMSAE slaughters at least 24 crocodiles a day.
Sneering, I check the website of the outlet and realize I need to wipe the smile off my face: There are Burberry, Fendi, Furla, Kate Spade and Prada stores but no trace of Luis Vuitton. Louis Vuitton doesnt bargain, and the label insists that its employees know why. Salespeople are invited to participate in workshops held in the firms six French sites, so that they can witness how much heart is put into the creation process. Are you not going to stay for the press conference? asks Eggs. Thats a shame because you’ll miss out on a flute of an excellent champagne. As I head toward the exit, a man in a suit and a short haircut suddenly stops me. Open the bag, please, he orders. I cannot believe it. I still have the words about the brands prestige ringing in my ears. The security guard has to repeat: Open the bag, please. Do they intend to treat their high-net-worth customers this way, or is this just a special bonus for special clients and the press at the opening day? “There are many people inside the shop today finishing touches are still being carried out that is why everybody is searched,” saysMagdalena Bulera-Payne, Louis Vuittons public relations consultant.