Louis Vuitton opened its Champs-Elysees store Sunday amid an ongoing national battle over the supposed day of rest.
French law only allows retailers that sell sporting, recreational, leisure and culture items in heavily trafficked tourist areas to open Sunday. The law is aimed to support “dominical rest.”
Louis Vuitton has argued that the store features a cultural element. The French Confederation of Christian Workers, or CFTC, and a federation of clothing and accessories vendors filed a complaint against the retailer.
An article in WWD last week said that LVMH will be closing down the retail operations of eLuxury over the next six months.Â They are going to make it into an online magazine focusing on the “world of luxury”.
The official reason is “(…) because many of the brands it sells have developed their own online presences“.
According to The luxe chronicles, there might be another reason : Despite having the kind of unprecedented access to some of the most desirable luxury and fashion merchandise in the world and the kind of financial heft and expertise only a luxury empire of LVMH’s magnitude can deploy, they never became the premiere destination for online luxury shopping they were once destined to become.
Most people buy a few bottles of bubbly for Christmas; Bernard Arnault has bought himself another champagne brand !
The Moet Hennessy wines and spirits unit of LVMH, the world’s biggest luxury goods group, has bought the Montaudon champagne house for an undisclosed amount, LVMH said on Friday.
The acquisition brings to eight, the number of top-level champagne labels in the stable of LVMH. Montaudon will team up with LVMHâ€™s existing portfolio of champagne brands: Dom Perignon, Moet & Chandon, Veuve Clicquot, Ponsardin, Krug, Ruinart and Mercier.
Renowned French champagne house Krug, part of the LVMH luxury empire, is coming out with a new bespoke offering in time for the holidays.
Called Krug ‘On My Own Terms’, the luxe case can be ordered with a personalized plaque in either metal, mirror, or saddle leather bearing the Champagne Krug coat of arms and the recipient’s name or initials.
The Grand CuvÃ©e is described as “the timelessly stylish signature of Krug.” The cellar case is the latest in a line of luxurious Krug offerings, including the Escape Artist trunks and Hat Box.
Priced at $1,000, it’s the ultimate holiday gift for the serious champagne lover. Via Justluxe
Internationally renowned and highly regarded for name recognition in the fashion world, as a result LV has become one of the most counterfeited contemporary luxury brands. In fact, according to LV, just over 1% of the items bearing the trademark LV monogram would be authentic (Wikipedia) !!!
Ironically, the signature Monogram Canvas was created to prevent counterfeiting. In 2004, Louis Vuitton fakes accounted for 18% of counterfeit accessories seized in the European Union.
LV takes a serious view of all counterfeiting, employing a team of lawyers and special investigation agencies, actively pursuing offenders through the courts worldwide, and allocating about half of its budget of communications to counteract piracy of its goods.
Interestingly, the logo also makes its way to goods that would never, ever be associated with the Louis Vuitton brand. The ‘Design You Trust’ blogs collected several great examples; Here are a few of our favorites:
French luxury products group LVMH Moet Hennessy Louis Vuitton said Monday it has signed an exclusive agreement with Dutch investment company Egeria to acquire Royal van Lent, the Dutch designer and builder of luxury custom mega-yachts sold under the Feadship brand.
The talks with owner Egeria, a Dutch investment firm, are based on an acquisition price worth approximately 11 times net profit. The estimated price equates to a transaction value of less than 500 million euros, a source familiar with the talks said.
This acquisition will enable LVMH to enlarge its scope of activities and to expand its presence in products and services at the top of the luxury market.
Royal van Lent’s yachts target an ultra-exclusive clientele and are built to the highest quality standards using specific know-how. Feadship’s attributes of creativity, craftsmanship, innovation, quality and exclusive positioning are shared by all the luxury businesses operated by LVMH.
Founded 160 years ago, Royal van Lent enjoys a leading market position. It designs and builds custom mega-yachts under the Feadship brand, one of the most exclusive and prestigious brands in the world for motor-yachts measuring over 50 meters.
The custom-built ultra-luxury mega-yacht sector offers strong global growth prospects. By targeting exclusively ultra-high net worth individuals, Royal van Lent offers an outstanding growth opportunity that is resistant to economic cycles. Since 2000, the worldwide order book for custom-built luxury yachts measuring over 50 meters has grown by more than 20% per annum.
Those luxury watch sell for an average 30 million euros ($44 million) each. (source)
LVMH, the worldâ€™s leading luxury group, announces that it has signed an agreement to acquire the Hublot group, a top of the range watchmaker enjoying very strong growth.
LVMH will acquire Hublot from Mr Carlo Crocco, who founded the group in 1980, and a company controlled by Mr Jean-Claude Biver, who has managed Hublot since 2004.
Faced with surging demand, France’s champagne producers have decided on a very simple way to boost production by widening the vineyard.
A decision made by a French agricultural body on Thursday will allow producers to extend the area in which they are allowed to make the world’s most famous sparkling wine, until now restricted by a law dating back to 1927.
Sparkling white or rose wines are made in many parts of the world but only producers in a designated region of eastern France have the right to call their product champagne, under laws that establish it as a “controlled term of origin”, known under its French acronym AOC.
Following on from the highly successful Clos du Mesnil champagne Krug (LVMH) have released the Clos dâ€™Ambonnay champagne from the 1995 vintage.
Like the Clos du Mesnil the grapes used in the Clos dâ€™Ambonnay come from a single vineyard.
The vineyard used for Clos dâ€™Ambonnay is located in Ambonnay in the Champagne area and will only produce 250 cases of the Champagne making it the most limited Krug available.
Diorâ€™s new â€œGolden Skincareâ€ line (Lâ€™Or de Vie translates to gold of life) was launched earlier this year. The reaction was immediate: stores on both sides of the Atlantic could barely keep the product in stock. With Lâ€™Or de Vie, Dior has taken anti-aging skin care to royal standards. The line is a partnership with ChÃ¢teau dâ€™Yquem (creators of the most mythical wine in the world) to create a wine-inspired line of pure luxury.
Dubbed â€œa skin care miracleâ€, the secret behind this wonder skin care line resides in Diorâ€™s well-guarded formula. Lâ€™Or de Vie is the result of the extraction and transformation of vital ingredients found in certain types of vines that have the power to regenerate and improve year after year. Dior has captured these regenerative properties and has packaged them into skin care technology.
Lâ€™Or de Vie rejuvenates, re-stimulates, re-hydrates the skin and protects skin against external free-radicals. Youâ€™ll feel the difference from the first application of the skin care duo.
Lâ€™Or de Vie can be part of your regime as early as in your 30s as a prevention and rejuvenation treatment. More mature skin types will see the benefits of Lâ€™Or de Vie for its ability to re-stimulate the cells.
Lâ€™Or de Vie is a two-part treatment â€“ Lâ€™Extrait Serum is followed by La CrÃ¨me (intensive cream). Lâ€™Extrait is a pure antioxidant concentrate that acts like a veil on the skin, providing it with radiance, suppleness and elasticity. La CrÃ¨me is an intensive formula that combines the antioxidant power of Lâ€™Or de Vie with Diorâ€™s age-defying know-how. Although La CrÃ¨me is very intensive, it can also be used by combination skin types.
Lâ€™Extrait sells for $420 for the 15-ml/0.5 oz. bottle and La CrÃ¨me retails for $380 for the 50-ml jar. Youâ€™ll find this golden line at Holt Renfrew stores across Canada.