Sports digest: Louis Vuitton gets a sponsorship discount of challenger series of the America’s Cup
Oh, good grief. Because obviously, you dont have enough shoes in your collection already, July 15 marks the launch of the Louis Vuitton Shoe Salon (a.k.a. heaven) within the department stores Shoe Hall. Alongside a carefully curated selection of the brands luxury footwear, therell also be a limited edition LV heel on sale, titled the “Pump London.” As exclusive as it sounds, it’s actually even more so. Turns out, there are only 24 pairs of the pump being made, so expect hair pulling and elbow jabbing. Pics reveal the heel is as glorious as we’d hoped, made up in a mix of silk, satin, metallic calfskin blend, and hand-embroidered sequins. So seriously, start planning your winning tactics. Photo: Courtesy of Louis Vuitton
Louis Vuitton paying $3M less for Cup sponsorship
The three-year contract is between $25 million and $30 million — depending on where Dallas ends up in terms of salary-cap space as it works on a number of deals. In June, Ellis opted out of the final year of his contract with Milwaukee that would have paid him $11 million next season. Ellis then reportedly turned down a three-year, $36 million offer from the Bucks. Brooklyn and Boston finalized their draft-night trade that centered on Paul Pierce and Kevin Garnett, who helped the Celtics win read this the NBA title in 2008. “Today, the basketball gods smiled on the Nets,” team owner Mikhail Prokhorov said. With the additions of Pierce, Garnett, Jason Terry and D.J. White, Brooklyn faces a luxury tax bill of $70 million.
Nomura Reiterates “Buy” Rating for LVMH Moet Hennessy Louis Vuitton SA (MC)
They currently have a 155.00 ($201.30) price objective on the stock. Other equities research analysts have also recently issued reports about the stock. Analysts at AlphaValue reiterated a buy rating on shares of LVMH Moet Hennessy Louis Vuitton SA in a research note to investors on Thursday. They now have a 171.00 ($222.08) price target on the stock. Separately, analysts at Societe Generale reiterated a hold rating on shares of LVMH Moet Hennessy Louis Vuitton SA in a research note to investors on Tuesday, July 9th.
7. But he said sponsorships of this type are generally worth tens of millions of dollars. He added that the reduced sponsorship fee won’t affect the sailing. Louis Vuitton has sponsored the challenger series since 1983. The regatta has gotten off to a troubled start. Artemis Racing’s Andrew “Bart” Simpson was killed in a capsize on May 9 that destroyed the Swedish-based syndicate’s first boat. Artemis is still about a week away from beginning sea trials on its second boat and might not be ready to sail until the Louis Vuitton Cup semifinals in early August. Although the Louis Vuitton Cup started Sunday, Saturday will be the first time two boats have been together on the race course together when Emirates Team New Zealand is scheduled to face Italy’s Luna Rossa. The Italians boycotted the opening race against the Kiwis on Sunday while they awaited an international jury’s decision on a rules spat. Team New Zealand sailed around the course alone that day to collect the first point of the regatta.