Louis Vuitton Raised Most Non-Leather Handbag Prices, HSBC Says
That lucky, lucky girl. PHOTOS: Louis Vuitton Takes Us On A Mad, Mod Escalator Ride by Hilary George-Parkin | 6:03 pm, October 3rd, 2012 Last season, Marc Jacobs piled his models aboard the Louis Vuitton express, a custom-built steam engine that reportedly cost the house $8 million. This year he toned it down a tad, merely installing functional escalators for the LV girls to ride on their way down to the lemon yellow-and-white checked runway. Could Michael Phelps Louis Vuitton Ads Cost Him His Medals? by Hilary George-Parkin | 11:50 am, August 21st, 2012 Michael Phelps Annie Leibovitz -lensed Louis Vuitton campaign has been the source of much contention since it leaked to the press last week.
Louis Vuitton series sets off as America’s Cup drama begins
And we also like handbags. A LOT. So imagine the yelp of excitement that sprang from our lips when we heard that Louis Vuitton had created an entire zoo out of their designer arm candy. The luxury label created the special zoo to celebrate the opening of their new flagship store in the central Chinese city of Wuhan. The pop-up zoofeatures 23 animals, all of which were created using handbags and other small leather goodsbearing the brands distinctive check and LV monogram. Our favourite has to be the giant panda, which took two months and a whopping 74 bags to create. We can only imagine how intoxicating the smell of all that butter-soft leather would be if you were to cuddle up to him.
Louis Vuitton opens a zoo made of handbags
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?
Artemis is already struggling with the loss of its boat and of strategist Andrew Bart Simpson who died on May 9 when the teams 72-foot catamaran capsized in practice, trapping him under the wreckage. The Swedish team will skip the opening races of the Louis Vuitton Cup challenger series in order to be ready to race by the end of the month. Another issue for this tournament has been economics. Organisers originally predicted 15 teams would compete. Instead there are four. By demanding teams sail multihulls (the defending champion gets to set the rules of the Cup), Ellison set the cost of the boats at up to $US8 million, and the global financial crisis stopped many players from taking part.
Louis Vuitton parent company LVMH fined 8 million Euros in Hermes case
Its firmly in the No. 2 spot. David Sadigh, Founder & CEO of Digital Luxury Group,said Louis Vuittons weak first quarter had a lot to do with China being over-sold the brand. Brands from different segments ranging from Chanel to Coach or Burberry are continuing to grow. The Chinese market is still developing. In order to stay ahead of the game, brands must have the ability to adapt (and) reduce the risk of brand saturation. In the case of Louis Vuitton, LVMH has already shifted gears, putting the brakes on its global expansion, while raising prices and developing more leather upmarket products, he said. This years China World Luxury Index shows Chinese consumer interest in the luxury fashion segment is mostly fixated on 10 global brands.
Sorry Louis Vuitton, China’s No Longer Into You
The trunk maker owned by Paris-based LVMH Moet Hennessy Louis Vuitton SA (MC) lifted prices on bags such as the Speedy and NeverFull by about 10 percent in the euro region, Antoine Belge , an HSBC analyst, said today in a note to clients. 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. 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. His estimate assumes a high single-digit average price increase, including unchanged prices for most leather bags.