Lvmh in the recession

Two particularly weak firms, Christian Lacroix, a Paris-based ready-to-wear and haute couture label which used to be part of LVMH, and Escada, a German maker of luxury womenswear, filed for bankruptcy earlier this year. It has adopted methods of quality control, too: It also hailed a "remarkable" performance at Louis Vuitton with sales at the fashion brand, which featured Madonna in its latest campaign, up in the "double digits", and a strong start to the season from Fendi.

Acting rich: recession sees roaring trade in champagne and Louis Vuitton handbags

That can pay off: The group has many smaller businesses, and these get much less attention in such a big group. You can follow any responses to this entry through the RSS 2.

Lvmh in the Recession the Substance of Style

Various institutions of banking and finance were set up to develop and expand this sector and get the expertise in this industry. If you're in the Home Care industry in Philippines, our research will save you time and money while empowering you to make informed, profitable decisions.

Private-equity firms and other outside investors which rushed into the industry at its peak have suffered most. Samples Overview Why buy this report. There is no significant change in operations or management anticipated. Although other LVMH divisions have been hit by outside retailers de-stocking during the crisis, Vuitton has managed its own inventory, with no competition for space from other brands.

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A group structure also yields savings when negotiating deals for advertising space, property and credit-card fees. In Singapore ranked as the top logistics hub in the world by the World Bank.

Lvmh in the Recession the Substance of Style

Mr Arnault, however, refuses to be drawn into commenting. Mr Carcelle is also tackling other new frontiers: It has adopted methods of quality control, too: Prior to the global recession, luxury goods companies were riding high on the back of soaring demand from emerging markets such as China and India.

The aim was to generate seasonal buzz and press coverage. LVMH in the recession The substance of style The world’s biggest luxury-goods group is benefiting from a flight to quality, but the recession is also prompting questions about the company’s breadth and balance Sep 17th | Paris | from the print edition * *.

The world might be going through something of a recession, but it seems there is still plenty of cash around for spending on the little (or not so little) luxuries in life. This is clearly shown in the latest results from the French luxury goods group LVMH, which reported strong sales growth in the.

LVMH shrugs off recession

Recent issues from Barron's, the world's premier investing publication. Get the latest stock market news, in-depth analysis and commentary on the markets. Recession bypasses market for luxury goods and LVMH, the company behind said the Asia Pacific region has overtaken Europe to become the largest market for luxury goods companies.

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Multinational players continue to dominate home care in the Philippines. Multinational conglomerates such as Procter & Gamble and Unilever continue to capture. For this reason, says Yves Carcelle, chief executive of Louis Vuitton and president of fashion and leather goods for LVMH, “Vuitton always gains market share in crises.

As reliable and sturdy as one of its own handbags, therefore, Vuitton is carrying LVMH fairly comfortably through the recession.

Lvmh in the recession
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