Qatar-backed Louis Vuitton expands hotel portfolio
Following on from the oversized fuzzy mink handbags we saw at Paris Fashion Week , Marc Jacobs’ latest Vuitton bag offering teams all things fun and, yes fluffy, with chic shape, interesting accents and a healthy dose of the monogram. Short handles? Crossbody? Totes and shoulder bags? They’re all there, along with a dash of python, earthy tones and some very shiny gold shoulder chains… AW13 Handbags: Louis Vuitton
China loves Louis Vuitton, and so will investors
Prada may be the next hot buy. Last month, the Italian fashion house announced plans to list its shares on the Hong Kong stock exchange as it looks to expand its international business. Google+ Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer . Morningstar: 2013 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use.
The latest addition to LVMHs growing portfolio of five-star hotels consists of 39 rooms, suites and villas and was bought for an undisclosed sum. Other luxury hotel portfolio already includes properties in Paris, the Maldives and Oman. LVMH was formed by the 1987 merger of fashion house Louis Vuitton with champagne and liquor makers Moet Hennessy. Sovereign wealth fund Qatar Holding holds a 1.03 percent interest in the company, which was valued at around 699m euro ($914m) last year. LVMHs profits for the first half of 2013 rose two percent to 2.71bn ($3.6bn), the Paris-based company said last month.
Dianna Agron inspired by Louis Vuitton
Dianna shared the fashion knowledge she picked up during her trip to Europe. “Fashion is art. Such incredible workmanship goes into every piece. At the Louis Vuitton factory I saw workers making shoes from scratch, and I even got to hammer a locket onto a heel myself! I used to see clothes and shoes as just, well, clothes and shoes. Not anymore,” she gushed to the US edition of Glamour magazine.