Daughter’s Got a Brand New Bag, and It’s Louis Vuitton
The abbot is currently believed to be in Europe, and has been ordered to return to his home country within the next 30 days by Mr Benjawatananun. Accused: Pu Nenkham, who is abbot of the Khantitham Forest Monastery in north eastern Thailand, is allegedly married to a woman called Yupinpraethong Janthawa Under suspicion: He has also been accused of being a fake, and wearing the religious robes despite not being entitled to do so – a criminal offence in Thailand Thailand has attempted to help Buddha’s 2,600-year-old doctrine stand the test of time through a variety of means, including imposing a ban on the sale of alcohol on religious holidays. The efforts, however, are sometimes tainted by the monks themselves. Last year, about 300 out of 61,416 Buddhist monks and novices in Thailand were reprimanded – in several cases removed from the monkhood – because of their misconduct, ranging from alcohol consumption, having sex with women, to extortion. The office also received complaints about monks driving cars, and scams and false claims of black magic uses by monks. Mr Nopparat has said the monks in the video were acting ‘inappropriately, not composed and not adhering to Buddha’s teachings of simplicity and self-restraint’.
Sorry Louis Vuitton, China’s No Longer Into You
Thursday, June 27, 2013 Louis Vuitton celebrates Americana Models are being made up before Vuitton’s Spring-Summer 2014 men’s fashion collection to be presented Thursday, June 27, 2013 in Paris. (AP Photo/Jacques Brinon) Sponsored Links The Associated Press PARIS The Louis Vuitton man moved from the eastern Himalayas of last season to the sunny West Coast of the United States for this spring-summer 2014. “This was the American road trip, just enjoying and celebrating Americana from NASA through to the traditional things such as bandanas,” said designer Kim Jones, breaking a sweat backstage Thursday at the Paris show that was held inside a scorching conservatory. The collection ranged from the road trip, as imagined in khaki parkas with travel badges and cotton printed bandanas, to a whole mix of different American styles: From sportswear, as in white, blue and red silk graph check tailored shorts, to Gatsby-style evening suits in raw kimono silk with a classy curved lower part. As ever, when traveling anywhere Vuitton-style, don’t expect to rough it. Stylish and coiffed David Beckham looked approvingly on from the front row.
Louis Vuitton parent company LVMH fined 8 million Euros in Hermes case
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.
Louis Vuitton celebrates Americana
Delphine Arnault on June 25 was named executive vice president of Vuitton, with responsibility for overseeing its product lines. Shell be the No. 2 executive in a unit that accounts for half of LVMHs pretax earnings, evidence that shes being groomed for a top jobperhaps the top jobat the Paris-based luxury giant. While Vuitton is still the worlds most valuable luxury brand, its losing ground to competitors such as Gucci and Prada ( 1913 ) as demand wanes for the iconic LV monogrammed handbag. A report last month by consultancy Millward Brown Optimor estimated that Vuittons brand value declined 12 percent over the past year. LVMH in April reported its weakest fashion and leather goods revenues in more than three years Louis Vuitton Purses as sales flattened in China. As consumers make room for those luxuries that make them feel better by trading down on other items, it is the middle-of-the-road brands, such as Vuitton, that have suffered, Millward Brown Optimor said. Delphine Arnaults task will be to give the brand a more exclusive aura, deemphasizing its ubiquitous monogrammed canvas bags and introducing costlier leather bags.
Welcome To Poland’s First Louis Vuitton Store: “Open Your Bag Please”
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!
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.