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Louis Vuitton Raised Most Non-Leather Handbag Prices, HSBC Says
If you want to buy a designer handbag but are held back by pangs of price tag guilt, just look to Hong Kong, advises the U.K.s Telegraph. For Frances Le Figaro, the fashionistas of Hong Kong have found their pawnshop for luxury bags. The deal is simple: Cash-strapped women who possess luxury bags and occasionally men, who constitute one in five of the customers can recover 80% of the value of the item as a loan as long as the bag is a genuineGucci, Chanel, Hermes, Prada or Louis Vuitton. Special editions and vintage classics offer still better loan leverage. A Birkin bag, the Rolls Royce of the genre and one of Hermess most iconic handbags, recently snared one Hong Kong customer a $20,600 loan. Normally, a new Birkin costs about $6.300. But a limited edition or exotic-skin model can reach as high as $160,000. Like works of art, their value can increase with age. Loans for less exclusive bags start at about $200. All are made for four months at 4% monthly interest.
Huntsville police: Louis Vuitton purse reported stolen from Jaguar
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.
Saturday; Pioneer CD player and micro USB car charger; undisclosed values; damage to rear window and dashboard. Briarwood Drive Southeast 2600 block; no forced entry into unlisted vehicle between 5:30 and 9:20 p.m. Saturday; Motorola Droid X, wallet, credit cards, license, military I.D. and cash; undisclosed values. Mariellen Road Southeast, 13900 block; forced entry into home between midnight Friday and 2 p.m. Saturday; photo albums, food, shampoo, body wash, toilet paper, flower pot and rose trellis; undisclosed values. Hunter’s Ridge Southeast, 4000 block; no forced entry into home between 2:30 and 3 p.m. on Saturday; pink, blue and white Louie bag; undisclosed values.