Kering (KER) gained 1.1 percent today in Paris trading. LVMH rose 3 percent, while Hermes increased Louis Vuitton Keychain 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.
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The collection also features the most expensive bag in the store, the Bowling handbag. At NIS 70,000, the Bowling is made of Louis Vuitton canvas, python and crocodile skins. We have one of the seven VIP rooms [in the world] because there was such a demand here, Ayelet Dobkin, a publicist for Louis Vuitton said. This store is three times bigger than the first Louis Vuitton store built in Israel. Louis Vuitton Sales Associate Asaf Mizrahi agreed that it was vital to add the exclusivity to the Ramat Aviv store. One of the core values of Louis Vuitton, he said, is rarity. Its why they dont overstock the store, only receiving one or two of each of the bags that they hold in the back. One example of this is the iconic Speedy bag in blue. Displayed in the Icon Room, directly to the left when one enters the store, its part of the pre-fall collection designed by Michael Kors. Dipped in sequins, its a fresh take on the Speedy, which was created in the 30s and was the first handbag sold by Louis Vuitton.
Louis Vuitton parent company LVMH fined 8 million Euros in Hermes case
The handbags feature among an enticing collection of 102 exquisite items, including a variety of day wear, larger luggage, jewellery and limited edition pieces by iconic labels including Chanel and Louis Vuitton. Bidding opens today and will run for 10 days providing opportunities for those around the world to land some of the most sought-after designs ever created, with some dating back to the 1950s. One Direction polish off the bullies! Boy band launch varnish and stationery range to fight bullying in schools Highlights include 40 classic Birkin and Kelly bags covering a spectrum of bright spectacular colours to brighten up summer wardrobes and a stunning selection of exotic leathers. 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.
Louis Vuitton brings bags of class to Tel Aviv
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Bag a bargain! Hermès, Chanel and Louis Vuitton among 84 designer handbags up for online-only auction from 2pm TODAY
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!