Vuitton Tones Down Bling in Russia as Wealthy Go Discreet
Well, she’s only gone and read our minds by emptying out her designer bag on Instagram. Hurrah! Something tells us those gorgeous nude heels don’t quite fit, but as for all her beauty essentials, they most certainly do. Equipped, of course, with her own natural skincare range KORA Organics, she also packed in two summer bright balms in red and pink keeping her failsafe lip shades close by, we like her style. Eyelash curlers and a powder foundation rounded off the mini makeup haul, to be teamed with Miranda’s fave retro sunnies. Instagram / Miranda Kerr
Sorry Louis Vuitton, China’s No Longer Into You
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 out the gallery below for other unusual internet trivia. Click on thumbnails for larger image
Welcome To Poland’s First Louis Vuitton Store: “Open Your Bag Please”
Louis Vuitton burns all unsold bags each year plus other unusual facts
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. In addition to protecting margins, the price increases must be seen, in our view, as a means to accelerate LVs repositioning towards more leather, Belge wrote. The decision will probably weigh on the number of items sold, though its the right thing for brand equity longer term. Vuittons 2013 sales may rise 6 percent, excluding currency moves, while volume may decline 2 percent to 3 percent, Belge wrote.
Louis Vuitton to buy croc skins
The 47-year-old, who made the switch to luxury handbags after selling coffee for 17 years at Nestle , visited Poland six times before finding the perfect location for Luis Vuittons 270-square-meter store. Before settling on the upscale Vitkac department store, in one of Warsaws busiest shopping districts, the French luxury-goods maker analyzed pedestrian traffic in different corners of the city, observed shopping habits, and visited the stores of its competitors. In retail you need to experience everything by yourself,” Eggs explains.”Observation is the best method, but it takes time. The brand also polled Polish customers in Louis Vuitton stores in Munich, Berlin, London and Paris about the planned location of the future Warsaw store and got great reactions. That was the final confirmation for us, says Eggs. Louis Vuitton is the flagship brand of French conglomerate LVMH , which also owns such luxury brands as Bulgari, Givenchy and Dom Perignon. According to the Sanford Bernstein sell-side research firm, Vuitton handbags generate a half of the operating income of the LVMH, and a revenue of 7.4 billion euros per year. That’s seven times more than Poles spend per year on luxury goods in total (excluding cars), according to KPMG. Nevertheless, the Polish luxury market enjoyed a 50% growth during 2000-2010, increasing much faster than the global luxury market, which is currently worth 210 billion euros. “The Polish market recorded a solid rise, but that is not the only element we take into account,” Eggs says. “Demand and potential are also important to us, and the latter is quite big in Poland.
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. Versace, a maker of $2,795 skimpy cocktail dresses, says Russian customers keep coming back precisely because it hasnt modified its style. The Russian market seems to appreciate our consistency, Versace said by e-mail. While Russians still do much of their spending on luxury goods abroad, attracted by prices that are as much as 50 percent cheaper, brands are expanding in the country as the middle class widens, according to Bain.
Louis Vuitton Raised Most Louis Vuitton Dog Carrier Non-Leather Handbag Prices, HSBC Says
Foreign Affairs Secretary Albert del Rosario said this was the condition set by President Benigno S Aquino III after an assessment team, of which he is a member, submitted its recommendation to him. Subject to meeting considerations which the Philippines has made to enhance the security and safety of our peacekeepers, the President has expressed the Philippines is prepared to continue its United Nations Disengagement Observer Force participation, he said. He added that the president has agreed to continue with the deployment of the 340 contingent until August 11. Councillor shot dead in Abra MANILA: A councillor was killed and robbed after he bought cattle in Abra province, police said yesterday. Police identified the victim as Rogelio Talingdan, 52, a businessman of Sitio Naguilian, Brgy San Gregorio, Lapaz, Abra. Investigation showed that a gunman approached and shot the victim twice on the head after he negotiated to buy cattle at Brgy Talogtog, Dolores last July 4 at the porch of the cattle market office. The assailant grabbed the victims jacket which reportedly contained P500,000 then ran toward Brgy Kimmalaba also in Dolores, police said. Investigators recovered from the scene two slugs of still unknown gun calibre.
Even North West’s changing bag is designer! Kanye takes some time out from daddy duties as he heads out for lunch toting a Louis Vuitton holdall
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. Brands from different segments ranging from Chanel to Coach or Burberry are continuing to grow. The Chinese market is still developing. In order to stay ahead of the game, brands must have the ability to adapt (and) reduce the risk of brand saturation. In the case of Louis Vuitton, LVMH has already shifted gears, putting the brakes on its global expansion, while raising prices and developing more leather upmarket products, he said. This years China World Luxury Index shows Chinese consumer interest in the luxury fashion segment is mostly fixated on 10 global brands.