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Louis Vuitton

Chinese Luxe Smugglers Arrested for Tax Avoidance
(Source: China Daily)
Customs officials in Hangzhou, China, announced they arrested eight suspects for evading taxes on the importation of international luxury brands into the Chin . . . keep reading

Japan's Luxury Meltdown: Temporary or Permanent? -- EXCLUSIVE ANALYSIS
Increasingly, experts seem to agree that Japan's long-running economic malaise has led to a fundamental shift in the consumption behavior of Japanese consumers. The implications for luxury goods executives are dramatic and the experience should impact decision-making in today's boom markets like China. . . . 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

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

Louis Vuitton and Dior Cut Prices in Japan (12/2)
(Source: WWD.com)
Both Louis Vuitton and Dior said they would cut prices in Japan in recognition of a weak economy there. . . . keep reading

Luxe Brands Lowering U.S. Prices
(Source: Wall Street Journal)
Major luxury brands are challenging conventional wisdom and cutting prices 8-10% in the U.S., says The Wall Street Journal. . . . 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

Luxe Boomlet Continues in India
(Source: Time)
The number of Indians whose net worths exceed $1 million grew 22% last year--faster than any other Asian country, and a report by CapGemini & Merrill Lynch pegs the number of $1 million+ households now in India at 167,000. . . . keep reading

Louis Vuitton Counterfeit Ruling Influenced by Obstruction
A New York court has awarded Louis Vuitton $3,000,000 in statutory damages and over $500,000 in attorney's fees and expenses in its lawsuit against a counterfeit ring. . . . keep reading

Old Athens Emerging as New Luxury Hotspot
(Source: International Herald Tribune)
Only in the past few years have leading luxury brands noted the impact of Greek luxury shoppers abroad and ventured to Greece themselves. . . . keep reading

LVMH Grows Revenue 3.1% in Third Quarter
Luxury giant LVMH continues to produce gravity-defying results, reporting continued revenue growth across nearly each of its sectors. . . . keep reading

Aspirational Luxe Shoppers "Dropped Off Considerably" In Vegas
(Source: WWD.com)
Luxury sales in Las Vegas are feeling the pain of a weakened U.S. economy and the results of possible luxury overload, reports WWD.com. . . . keep reading

LVMH Posts 12% Revenue Gain for Half Year
(Source: LuxuryBrandNetwork.com)
LVMH Moet Hennessy Louis Vuitton posted organic revenue growth of 12% for the first half of 2008 with profit up 19% excluding the effects of currency. . . . keep reading

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