Quite the man bag! Justin Theroux totes a large Louis Vuitton duffel as he struts through the Big Apple in skinny jeans and motorcycle boots
Recognizing the opportunity a young and fashionable demographic, rising disposable incomes, access to global trends luxury brands have long flocked to Asia like hummingbirds to nectar often doing mergers, acquisitions and joint ventures with local brands. As of June 30, there have already been deals valued at about $1 billion globally in the luxury sector, as compared to only $1.6 billion in all of CY12, as per Mergermarket data. And this doesnt include the $2.6 billion that French-luxury goods maker LVMH Group offered for a majority stake in Italian cashmere clothier Loro Piana in early July. Asian-Pacific deals, however, have been muted as compared to a five-year high in 2011 partly due to the slowing Chinese economy a coveted mainstay for luxury companies globally. But the trend is expected to reverse: sovereign governments will adapt policies to attract investors; potential suitors both corporates and private equity firms will be lured by compelling though evolving dynamics; and possible targets will seek associations with industry heavyweights. Last year, the Indian government announced it would allow (with caveats) foreign companies to invest up to 100% directly in retailers which sell a single brand. Since then the government has seen about 60-plus applications from global brands seeking to set up shop in India, said Aparna Mittal, partner at the corporate M&A division of India-based law firm Luthra & Luthra Law Offices. Consumer companies can enter the Indian market via a joint venture such as the now disbanded one between DLF DLF Brands with Salvatore Ferragamo and Giorgia Arman i; through wholly owned subsidiaries such as Swedish furniture retailer IKEA or via the franchise route. Meanwhile, now is a good time to invest in China given that values have corrected and there are opportunities for specialized investors, said Uday Mehra, regional managing director of L Capital Asia, the proprietary http://www.tedxyse.com/louis-vuitton-outlet.html investment arm of LVMH, Groupe Arnault and YTL YTL .
As the official timekeeper for the races, which take place in San Francisco for the next two months, the luxury retailer is introducing several timepieces inspired by the world of sailing with technological finesse. Each watch features what is known as the Regatta function, which marks the countdown of the last five minutes before the starting gun goes off for an America’s Cup race. The crown jewel is the Tambour America’s Cup Automatic Regatta , a limited edition offering of only 720 numbered watches referencing the 72-foot A72 catamarans used in the Cup. It sports a red-and-black dial with the America’s Cup logo, waterproof rubber strap and a Swiss automatic LV 171 chronograph movement. There is also a quartz version, with a limited edition of 1,851 watches, referencing the year of the first America’s Cup. The watch retails for $11,600. Other versions feature the Louis Vuitton Cup logo on the dial. Currently, boats are vying for the Louis Vuitton Cup in a challenger series for the right to sail against the American defender, Team Oracle USA, at the 34th America’s Cup, to be held Sept. 7 to 21. Related News
The 41-year-old carried a Louis Vuitton duffel in his right hand and the physical strain of the endeavour made the corded tendons and veins of his well-toned arms stand out impressively, displaying the lean condition of his vegetarian’s body. Keeping fit: Justin Theroux carried a leather duffel bag as he showed off his muscular arms in New York, on Tuesday The high end travel bag, made of rich brown and tan leather, appeared to be quite weighted down, as the clearly fit actor seemed to have trouble lugging it down the street. ‘It’s a scary thing to revisit those things underneath’: Lady Gaga looks unrecognisable as she posts make-up free snap In keeping with his fashionable luggage, Justin sported freshly polished motorcycle boots along with dark skinny jeans. Topping his getup was a light blue T-shirt as he wore tough guy aviator sunglasses and a New York Yankees cap. He’s so vein! Justin’s forearms were corded with vascular effort as he carried a knapsack and his LV bag Contemplative mood: The 41-year-old cut a thoughtful figure as he walked alone in the city streets Slung over his shoulder was a knapsack and an army green jacket as his wrist displayed an expensive looking watch. The nephew of famed travel writer Paul Theroux looked to be embarking on a mini sojourn of his own as he was loaded down with his pricey baggage. But he is most likely staying put, as his preferred city of residence is New York and his fiancee Jennifer Aniston, 44, is also currently filming the comedy Squirrel To The Nuts with Owen Wilson and Cybil Shepherd in the world-renowned metropolis.
To counter that perception, Arnault said the brand would move upscale and expand its leather bag offering while pruning its portfolio of LV-embossed canvas bags which make up two third of its business and generate gross margins of around 90 percent. LVMH Finance Director Jean-Jacques Guiony on Friday said Louis Vuitton’s margins rose in the first half, both at the operating and gross level, reversing a decline which analysts estimate started two or three years ago. “People feared that less canvas and more leather could impact Louis Vuitton’s margins,” said Exane BNP Paribas analyst Luca Solca. HSBC calculated that Louis Vuitton’s operating margin fell to 42 percent from 44 percent between 2011 and 2012. RELIEF Sales growth at LVMH’s fashion and leather goods division, of which Louis Vuitton makes up 75 percent of sales, doubled in the second quarter to 6 percent from 3 percent in the previous three months on a like-for-like basis. “It is a relief that there is an improvement in the second quarter and that the margin (at LV) stopped deteriorating,” said Zurich-based Andrea Gerst, who helps run the Julius Baer Luxury Brands fund with 417 million euros ($551.92 million)under management. Referring to Louis Vuitton’s performance regionally, Guiony said trading in Asia was “flattish,” in the United States “in the mid-single digits” while in Japan and Europe, it was “a bit higher or a bit lower than double digit.” Guiony added that the bulk of Chinese demand today was from tourists and estimated overall Chinese demand for the brand to be in “mid-single digits” terms. Analysts estimate that growth in the global luxury goods industry will slow down to around 6-8 percent in 2012, or about twice the level of global GDP growth depending on estimates, compared with 10 percent growth last year.
Michelle Williams named new face of Louis Vuitton
Williams poses with her now trademark short blonde hair, holding a W handbag. Her hair was done by Sam McKnight and the makeup was done by Stephane Marais. In a statement, Louis Vuitton said Michelle Williams was selected by Louis Vuitton for her independent spirit with which she has forged her path through Hollywood, defined by her outstanding talent, her passion for her craft, and her choice of daring and challenging roles. People reports Williams had a prior relationship with the brand, wearing one of their gowns to the Oscars last year. The pictures will be seen in the September advertisements, while a different show, featuring Williams carrying the brands Capucines bag will make its debut this October. GlamScene reports the first ads will premiere in Marie Claire France before they make their rounds to other magazines. image: Louis Vuitton