Louis Vuitton series sets off as America’s Cup drama begins
Distribution is widening outside of Moscow and St. Petersburg as well as online as Russias middle class grows, researcher Planet Retail reports. Sales of luxury goods in Russia expanded 6 percent to $8.8 billion last year, versus 4.6 percent in 2011, helping reverse a 20 percent decline between 2007 and 2009, according to Euromonitor International Plc. While thats slower than Chinas 18 percent luxury growth in 2012, its far better than western Europe, where sales fell 1 percent last year as the debt crisis weighed on domestic spending, the researcher estimates. What were seeing now is a comeback in Russian demand for luxury goods, said Hermes International (RMS) SCA deputy chief executive officer Patrick Albaladejo. God-given Talent European brands such as Vuitton have already started toning down the bling as they contend with homegrown Russian labels such as Vika Gazinskaya, Alexander Terekhov and Uliana Sergeenko, who reckon they know better what shoppers want. Terekhovs latest collection features simple silk floral dresses, while Sergeenkos spring couture covered more flesh than it showed. Sales of Gazinskayas collections of 1,500-euro ($1,980) dresses have doubled in the past year as shoppers seek something different, said the 24-year-old designer. With 25 outlets, including in Paris, New York and Hong Kong, Gazinskaya says shes seeking investors to fund more expansion.
Louis Vuitton, whose other involvement in sport is sponsoring a vintage car race between Monte Carlo and Venice, has reaped obvious rewards in the past 30years from naming rights and international press coverage to using the event in the 1990s to experiment with live web coverage. It has also developed a lineof products specifically for the Cup, including hats, ties, towels, shoes and bags.As the Cups official timekeeper thisyearLouis Vuitton also uses the racetointroduce consumers to new watchdesigns. As teams battle it out for the 34th Americas Cup trophy, the focus is more likely to be on the design of the boats. For the first time the regatta will feature AC72s multihulls with rigid wing sails instead of soft sails, and hydrofoils that lift the boat out of the water at speeds of up to 45 knots (known as foiling). The Louis Vuitton Cup will serve as a crucial rehearsal for all teams sailing these catamarans. The boats are always with the times, says Louis Vuittons corporate events director, Christine Belanger, who says the relationship with the luxury maison has been good for both parties involved as they share much in common. Louis Vuitton is often unexpected and I think the Cup is also sometimes unexpected, she says in her thick French drawl.
Welcome To Poland’s First Louis Vuitton Store: “Open Your Bag Please”
Products are available only in the Luis Vuitton stores. Though I could swear I saw a Luis Vuitton shop in the British luxury brands outlet in Bicester Village, near Oxford. That is not possible, Eggs says. But I was there a couple of months ago and saw it with my own eyes, I insist. We are not there, he says. 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 Louis Vuitton Outlet short haircut suddenly stops me. Open the bag, please, he orders.
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?
Sorry Louis Vuitton, China’s No Longer Into You
To be fair, of course, Louis Vuitton is not licked yet. Not by a long shot. 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.
Louis Vuitton parent company LVMH fined 8 million Euros in Hermes case
Is Nicolas Ghesquiere Replacing Marc Jacobs At Louis Vuitton? by Lauren Valenti | 1:05 pm, June 10th, 2013 The term designer musical chairs has been thrown around a lot this year, but this latest bit of news, a potential new chapter for the ongoing Balenciaga saga , brings the expression to a whole new level. According to Fashionista , a reliable source has said that Nicolas Ghesquiere is in serious talks with LVMH and that the designer will definitely succeed Marc Jacobs . The Art of Packing The Perfect Suitcase As Told By Louis Vuitton by PopSugar Fashion | 12:31 pm, June 7th, 2013 Louis Vuitton started out as a trunkmaker to the European elite, so who would know more about packing the perfect suitcase? At last nights event to celebrate the new personalization atelier in the brands SoHo store (you can get everything from a luggage tag to a purse to a trunk painted or hot-stamped), he demonstrated how exactly to fit a weeks worth of wardrobe into one suitcase petite enough to go in an overhead compartment.