Louis Vuitton parent company LVMH fined 8 million Euros in Hermes case
The price points ensure there is something for all tastes and budgets. ‘Hermes is known as the leading luxury handbag designer and it is unsurprising that the iconic Birkin and Kelly designs continue to thrive at auction,’ says Pat Frost, director of Christie’s fashion department. ‘Exquisite quality is at the heart of Hermes handbags and this sale offers the creme de la creme of Hermes designs with a number of timeless pieces and rare exotic leathers. ‘The online-only format of this sale follows hot on the heels of our successful Vintage Couture: Handbags, Luggage and Accessories sale in April this year. ‘This sale which runs for 10 days provides another extended opportunity for buyers around the world to purchase handbags and accessories by some of the greatest designers of all time.’ Handbag history: A lesson Hermes Kelly and Birkin bags continue to be highly sought-after and have become increasingly popular since they were first designed. Birkin bags were inspired by English actress and singer Jane Birkin in the 1980s. In a chance encounter with the former Hermes CEO on an airplane, the celebrity suggested the design for a weekend bag, which paved the way for the consistently popular Birkin bag. The Kelly bag was named after Grace Kelly, who in 1956 had just become Princess of Monaco and was seen carrying the original leather ‘Sac a depeche’ to hide her pregnancy. Photographs of the young starlet were sent all over the world, leading to the bag being known as the Kelly.
Vuitton Tones Down Bling in Russia as Wealthy Go Discreet
Gangsters Girls Then, a typical new Russian was a gangster-type man in a garish jacket accompanied by heavily made-up girls, she said. Now tastes have changed. Kering SA (KER)s Gucci was the biggest luxury brand in Russia in 2011 with sales of 6.74 billion rubles ($208.6 million), ahead of LVMH Moet Hennessy Louis Vuitton SA (MC)s Donna Karan and Vuitton, estimates Euromonitor. Hermes and Prada rounded out the top five, according to the researcher. Kering (KER) gained 1.1 percent today in Paris trading. LVMH rose 3 percent, while Hermes increased 2.1 percent. The shift to less conspicuous consumption is a familiar cycle, says Claudia DArpizio, a partner at consultant Bain & Co. New shoppers in fast-growing markets such as China and the Middle East, like the display of status and buy more obvious items such as logoed bags and bejeweled watches, she says. More established shoppers focus on being in-the-know on which brands have cachet, and value more subtle materials and craftsmanship. Appreciated Consistency Of course, flash can still sell in Russia if its expensive enough.
When races kick off for the eighth regatta in San Francisco this July, it will be the 30th year the luxury conglomerate has sponsored the challenger series. 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.
Louis Vuitton Raised Most Non-Leather Handbag Prices, HSBC Says
The trunk maker owned by Paris-based LVMH Moet Hennessy Louis Vuitton SA (MC) lifted prices on bags such as the Speedy and NeverFull by about 10 percent in the euro region, Antoine Belge , an HSBC analyst, said today in a note to clients. Vuitton raised prices by at least 10 percent in the U.K. and U.S., and by 5 percent to 10 percent in Asian markets including China, Hong Kong, Taiwan and Singapore, the analyst wrote. The euros strength against some currencies may lead LVMH to charge more, Chairman and Chief Executive Officer Bernard Arnault said Jan. 31. Vuittons price increase in Japan, the biggest ever by the brand in the country, was taken to offset the impact of the yens slide on sales, the company said Feb. 20.
Louis Vuitton burns all unsold bags each year plus other unusual facts
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?
PHOTOS: Louis Vuitton Nods To NYC Taxis In New Ad by Hilary George-Parkin | 12:31 pm, April 1st, 2013 You know that saying, well cross that bridge when we come to it? Well, that time has finally come for the Louis Vuitton Alma bag, which has earned its very own ad campaign nearly 80 years after its creation. The campaign, which features iconic scenes from three major cities, features the tagline Chic on the bridge. Because Louis Vuitton Handbags Werent Expensive Enough by Hilary George-Parkin | 12:08 pm, March 27th, 2013 We know what youre thinking: Louis Vuitton handbags are such a bargain, buying them practically feels like stealing, right? Well, looks like the brand finally has caught on to you, since theyve reportedly been jacking up prices on the sly since the beginning of the year. by Jada Wong | 9:55 am, March 27th, 2013 Well, we guess we shouldve seen this one coming.
Louis Vuitton series sets off as America’s Cup drama begins
Believe it or not, designer label Louis Vuitton destroys their unsold bags in order to keep their prices high, according to this collection of unusual trivia. Did you know that the offspring of two pairs of identical twins are genetic siblings? Or that cats’ kidneys are so efficient they can survive drinking seawater? Check Louis Vuitton out the gallery below for other unusual internet trivia. Click on thumbnails for larger image