LVMH China Watch Sales Decline Offset by Overseas Buying
Now fashionistas can have the look of a designer purse (without the price!), plus the size and durability of a recyclable grocery bag with My Other Bag, a line of totes and carryalls with illustrations of designer purses printed on them. Founder and creative director Tara Martin started the collection after her home city of Santa Monica, Calif., banned plastic grocery bags. Other than lugging around an ordinary bag, she wanted something that was not only practical but also fashionable. The My Other Bag line is made in Los Angeles and goes for $30 for totes, $50 for carryalls and $40 for “pouchettes,” a longer, wider style with a zip top. Shop the full collection at http://www.myotherbag.com .
Luxury companies from Prada SpA (1913) to Burberry Group Plc (BRBY) have been seeking to tap consumers in emerging Asia, who are purchasing more high-end bags, shoes, suits and jewelry as incomes have risen. Sales of watches and jewelry accounted for 10 percent of the LVMH groups revenue last year, according to data compiled by Bloomberg. LVMH fell as much as 1 percent and dropped 0.8 percent at 132.90 euros at 11:31 a.m. in Paris trading. The French benchmark CAC 40 Index was down 0.4 percent. The stock has declined about 4 percent this year.
How to spot a fake Louis Vuitton (or Chanel) bag in Dubai
So how do you tell if the great deal you just sourced is an original or a fake. We bag an expert, a fake and an original bag of two major brands and walk you through the process. Responding to questions from Emirates 24|7, Louis Vuitton said, In order to preserve our ability to efficiently fight against counterfeiting, we are unable to provide details on our manufacturing procedures or those used in counterfeit products. However, please note that Louis Vuitton does not stamp serial numbers on its products as means of identification or authentication. Our bag expert in the video does talk about a bag code. So what is that?