|
|
 |
LVMH Continues to Expand in Asia
(Source: LuxuryBrandNetwork.com)
LVMH reported a third-quarter sales drop of 0.6% to €4.135 billion. Before the favorable impact of currency exchange, sales dropped 3%. . . . keep reading
|
LVMH Sales Fall 7% on Comparable Basis
(Source: LuxuryBrandNetwork.com)
Currency gains and a modest revenue increase in LVMH's Fashion and Leather Goods division, the company's largest group, helped offset revenue declines in all other divisions for the quarter ended 31 March. Fashion and Leather Goods revenue climbed 4% on a comparable basis to €1,598 million while sales in Watches and Jewelry dropped a staggering 41% to €154 million. Wine & Spirit revenue fell 22% to €540 and Perfumes and Cosmetics sales fell 11% to €663. . . . keep reading
|
Russian Luxe Outlook Darkens
(Sorce: Reuters)
Analysts say that luxury sales in Russia will plummet in 2009. The Moscow stores of Stella McCartney and Alexander McQueen both closed this month, according to Reuters, and the city's swanky Stoleshnikov Pereulok district is bracing for additional closures. . . . keep reading
|
Louis Vuitton Abandons Plan to Build Largest Store in Japan (12/16)
(Source: Nikkei)
Louis Vuitton now says it will no longer pursue plans to build a new flagship store in Tokyo. The Ginza Tower location, to have been completed in 2010, would have been the world's largest Louis Vuitton store at 12,000 square meters (130,000 square feet) and would have rivaled impressive new Armani and Bulgari locations in Ginza. . . . keep reading
|
LVMH Controls Damage After Exec Comments Sink Stock
(Source: LuxuryBrandNetwork.com)
LVMH quickly went into damage control mode after the company's top executive in China urged caution in that market. His comments may have helped send the company's stock down more than 11% for the day to a five-year low. . . . keep reading
|
Luxury Outlook: EXCLUSIVE ANALYSIS
(Source: LuxuryBrandNetwork.com)
Luxury CEOs say the outlook for the fourth quarter and into 2009 is deteriorating rapidly. Even the most optimistic--including LVMH, Coach and Burberry--see growth rates slowing. Current coverage includes: Bulgari, Tifffany, Burberry, Coach, LVMH, Hermès, Williams-Sonoma, Liz Claiborne, Hugo Boss, Tod's Group, Ann Taylor and Nordstrom. . . . keep reading
|
Organic-Pioneer Bamford Seeks Luxe Investors
(Source: Financial Times)
British eco-friendly designer Bamford is looking to sell or partner with an investor to help expand into new markets, reports the Financial Times, and major luxury players including LVMH and Richemont are showing interest. . . . keep reading
|
|
|
|
Receive free e-mail summaries containing news, exclusive analysis, competitive intelligence, trends and data for top luxury executives.
|
|
LuxuryBrandNetwork.com provides the exclusive analysis, tips, trends and data that luxury executives need to make informed decisions.
Keep on top of luxury best practices, competitive intelligence and emerging trends by signing up today. It's completely free and you may unsubscribe at any time.
Who Should Subscribe?
• Executives of luxury companies
• Luxury brand managers
• Brand managers with premium products
• Brand managers contemplating launch of premium products
• Corporate marketing professionals
• Advertising executives
• Luxury brand sales professionals
• Luxury brand service executives
• Ad agency personnel
• Corporate PR professionals
• Third-party PR professionals
• High-net worth financial service professionals
|
|
|
|
