LVMH Falls in Paris as Fashion Sales Advance Slowest Since 2009

Louis Vuitton Pre-Fall 2013 | Source: Louis Vuitton

PARIS, France — LVMH Moet Hennessy Louis Vuitton SA fell to the lowest price in four months in Paris after reporting the slowest fashion and leather goods sales growth in more than three years as demand for Louis Vuitton handbags softened.

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Made-in-Asia Luxury Sheds Fake Image, Challenging Louis Vuitton

SHANGHAI, China — For decades, made-in-Asia luxury has been shorthand for “fake.” Now, companies from South Korean bag maker Couronne to Malaysian dressmaker Farah Khan are making a case for homegrown chic. Couronne, Khan and brands such as Woo, a Shanghai-based producer of silk scarves, are winning clients with products that can rival goods made in Europe. Their growing popularity, amid slowing sales at Louis Vuitton and other European brands, shows how demand is changing in Asia, with consumers favoring fresh designs over ubiquitous logos. The trend may lead to more acquisitions in the region as companies such as LVMH Moet Hennessy Louis Vuitton SA and PPR SA seek to boost growth. “Luxury brands of the 21st Century can come out…

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Luxury Spending in Europe Hit By Drop in Tourist Demand

Tourist shopper at Louis Vuitton boutique | Source: Reuters

PARIS, France — Most luxury goods groups will not publish first-quarter figures until at least later this month, but anecdotal evidence is growing of at least a temporary slowdown in spending by travelers, which analysts say could be linked to worries about the global economy and tax increases in Europe, as well as the tough stance taken by China's new president Xi Jinping on illegitimate gift-giving.

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Louis Vuitton Raised Most Non-Leather Handbag Prices, HSBC Says

Louis Vuitton, Shenzhen, China | Source: Richards Basmajian

PARIS, France — Louis Vuitton, which last month raised prices by an average 12 percent in Japan, has imposed similar increases on non-leather handbags in most of its main markets since the start of the year, according to HSBC.

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Will a Wave of Megastores Turn Bond Street into the World’s Premier Luxury Showcase?

Bond Street's Coming Luxury Megastores | Source: BoF

Following the arrival of Louis Vuitton’s super-sized “Maison” on London’s Bond Street in 2010, the thoroughfare will soon be home to a slew of high fashion megastores, transforming the once-quaint street into a larger-than-life global luxury showcase.

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Vuitton and Tiffany Seen Pressured in Japan by Weaker Yen

Tiffany & Co. store | Source: Tiffany & Co

TOKYO, Japan — Tiffany & Co. and Harry Winston stores will follow Louis Vuitton in raising some prices to offset the yen’s 12 percent slide since Prime Minister Abe took office Dec. 26 with a promise to tame the currency’s strength and revive Japan’s exporters.

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Inside Kate Moss’ Hotel Room at Louis Vuitton

Louis Vuitton Autumn/Winter 2013 | Source: Associated Press

PARIS, France — The classic Hollywood scene of a mysterious and glamorous woman leaving an anonymous hotel room inspired Louis Vuitton's ready-to-wear show, moving the house in a more sensual, feminine direction. But the show was also about Kate Moss. The 39-year-old, possibly the most famous model in the world, strutted the catwalk sporting a sheer organza slip, with dense floral embroideries, to rapturous applause.

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Market Pulse | Staying the Course

Savigny Luxury Index February 2013 | Source: Savigny Partners

LONDON, United Kingdom — The Savigny Luxury Index (“SLI”) gained 2.7 percent in February, underperforming the MSCI World Index (“MSCI”) by over one percentage point. The SLI lost ground at the beginning of the month following the questions raised on sector growth by LVMH’s annual results announcement. Big news • Most analysts felt that LVMH’s organic growth numbers for 2012 were a bit lower than expected. This, combined with Mr.

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LVMH Raises Vuitton Japan Prices to Fight Weak Yen

TOKYO, Japan -- LVMH Moet Hennessy Louis Vuitton SA raised some prices by an average 12 percent at its flagship brand in Japan, the unit’s biggest price hike, to offset the impact of the yen’s slide on sales. The Louis Vuitton brand raised prices Feb. 15, spokeswoman Kaori Fuse said. Retailers such as LVMH, the world’s biggest luxury goods maker, are confronting a plunge in the yen that undercuts the value of sales in Japan, the second-biggest market for personal luxury goods. The yen has depreciated against both the dollar and the euro as Prime Minister Shinzo Abe talked down the value of the currency, promising to implement policies to stimulate the economy and have Japan’s central bank set a…

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