Tag: Louis Vuitton

  • Louis Vuitton points Virgil Abloh as new menswear designer

    Louis Vuitton points Virgil Abloh as new menswear designer

    Virgil Abloh, the founder of the haute street wear label Off-White and a longtime creative director for Kanye West, will be the next artistic director of menswear at Louis Vuitton, one of the oldest and most powerful European houses in the luxury business.

    He will be one of the few black designers at the top of a French heritage house. Olivier Rousteing is the creative director of Balmain, and Ozwald Boateng, from Britain, was the designer for Givenchy men’s wear from 2003 to 2007.

    r“I feel elated,” Mr. Abloh said via phone on Sunday, adding that he planned to relocate his family to Paris to take the job at the largest brand in the stable of LVMH Moët Hennessy Louis Vuitton, the world’s largest luxury group. “This opportunity to think through what the next chapter of design and luxury will mean at a brand that represents the pinnacle of luxury was always a goal in my wildest dreams. And to show a younger generation that there is no one way anyone in this kind of position has to look is a fantastically modern spirit in which to start.”

    The appointment, widely rumoured in recent months, is part of a shake-up on the men’s wear side of LVMH, which began in January with the departure of Kim Jones, Mr. Abloh’s predecessor at Louis Vuitton. Last week, it was announced that Mr. Jones would become the menswear designer at LVMH stablemate Christian Dior, replacing Kris van Assche.

    Mr. Abloh’s appointment is also a reflection of the increasing consumer-driven intermingling of the luxury and street wear sectors, which helped boost global sales of luxury personal goods by 5 percent last year to an estimated 263 billion euros (about $325 billion in today’s dollars), according to a recent study by the global consulting firm Bain & Company. And it is an acknowledgment on the part of the luxury industry that it must respond to contemporary culture in new ways.

    “Virgil is incredibly good at creating bridges between the classic and the zeitgeist of the moment,” said Michael Burke, chief executive of Louis Vuitton. The two men first met about 12 years ago when Mr. Abloh spent six months interning at Fendi with Kanye West, where Mr. Burke was then the chief executive.

    “I paid them $500 a month!” Mr. Burke said. “I was really impressed with how they brought a whole new vibe to the studio and were disruptive in the best way. Virgil could create a metaphor and a new vocabulary to describe something as old-school as Fendi. I have been following his career ever since.”

    Mr. Abloh, 37, a first-generation Ghanaian-American raised in Illinois, is widely considered one of fashion’s consummate purveyors of cool; a master of using irony, reference and the self-aware wink (plus celebrity, music, digital and hype), to recontextualize the familiar and give it an aura of cultural currency.

    Despite having no formal fashion education (his mother was a seamstress and taught him her trade; he studied architecture and civil engineering), Mr. Abloh founded Off-White — a reference to his belief that old barriers are breaking down — in 2013, almost a decade after he first meet Mr. West and became his creative partner. In 2015, Off-White was a finalist for the LVMH Young Designers Prize. (Mr. Abloh will be the first LVMH finalist to take on a major design role in an LVMH brand.)

    Off-White currently has 3.1 million Instagram followers (Mr. Abloh alone has 1.6 million), and Mr. Abloh received the Urban Luxe award at the British Fashion Awards last year. During the just-past women’s wear season, there was almost a riot in the Rue Cambon outside the Off-White show as fans crowded to get in.

    A champion of the cross-branded collaboration, Mr. Abloh has worked with names as varied as Nike, Jimmy Choo, Moncler and, with an upcoming project, Ikea. Most recently, he teamed up with Takashi Murakami, a frequent Vuitton collaborator, for a show at the Gagosian Gallery in London.

    “In a way, all of my output has been to make a compelling case for me to take on a role such as this,” Mr. Abloh said. “I think of it as kind of the ultimate collaboration.”

    It also presumably made a compelling case that Mr. Abloh could be the man to make Louis Vuitton men’s wear more relevant — and more visible — to the millennial generation. He will build on the foundation laid by Mr. Jones, who also gave classic men’s wear and Vuitton’s history as a luggage expert an urban edge, and recently engineered a sellout collaboration with Supreme, another street-wear success story.

    “For the last eight to 10 years we’ve been having this conversation about what’s new, and for me, that has to do with making luxury relatable across generations,” Mr. Abloh said, adding that he had been putting together an eight-page “brand manual” defining the new ethos of his Vuitton. “The first thing I am going to do is define new codes. My muse has always been what people actually wear, and I am really excited to make a luxury version of that.”

    Mr. Burke added, “Louis Vuitton was not a couture house. From the mid-19th century to the 1920s and beyond it always sought to cater to the new wealthy class, not the old aristocrats.”

    Mr. Abloh also said he would be focused on rethinking how the brand communicated with its consumers, including the release of products, the runway show and the way it interacted with the global political mood.

    Certainly, Vuitton will give him a bigger platform than he has had. Men’s wear is currently sold in only about 150 of the 450 Vuitton stores around the world, though the company plans to increase that by between 25 and 28 stores. There are also 13 free-standing men’s stores, with six more planned this year, according to Mr. Burke. Though LVMH does not break out specific brand performance, Mr. Burke said the men’s wear business had been growing in the double digits and “had a stellar 2017.”

    That places a burden of expectation on Mr. Abloh’s shoulders, especially given all the hype around his name — he was mentioned for possible top positions at Burberry and Versace. One of the criticisms most often lobbed at him (by Calvin Klein’s designer, Raf Simons, among others) is that his real genius lies in repurposing other people’s work, as opposed to creating new silhouettes of his own.

    Mr. Abloh is also not one to shy away from political statement-making, a tactic often seen as a risk for a luxury brand. Last year, during a guest appearance at the Florence men’s wear show, Pitti Uomo, Mr. Abloh eschewed the traditional runway show and instead collaborated with the artist Jenny Holzer on a piece addressing the immigrant crisis.

    “Product is only one part of the luxury narrative,” Mr. Abloh said in the phone interview. “I want to use Louis Vuitton’s history with travel to really look at different cultures around the world to help make all our humanity visible. When creativity melds together with global issues, I believe you can bring the world together. Fashion on this level can really open eyes.”

    Mr. Abloh will continue to run Off-White — “it is for the 17-year-old version of myself, whereas Vuitton is for the 37-year-old I am today,” he said — and to work with Mr. West. But he said he would cut back on his other activities, including moonlighting as a D.J. He will show his first collection for Louis Vuitton during Paris Men’s Fashion Week in June.

  • Here’s Why Pre-Owned Luxury Fashion Are Growing In Asia

    Here’s Why Pre-Owned Luxury Fashion Are Growing In Asia

    Asia’s pre-owned luxury fashion market is continuing to grow, with shoes and t-shirts gaining ground, according to multichannel retailer Reebonz.

    Although bags continued to dominate, with an average of 77 per cent of total transactions in 2016 and 2017, both shoes and apparel achieved steep sales growth throughout the region, according to Reebonz’s now annual Asia Luxury Index.

    In Hong Kong, for example, sales of used branded sneakers rose 48 per cent last year, while “luxury t-shirt” sales soared six-fold.

    The report is based on Reebonz’s own trading data across Australia, China, Hong Kong, Indonesia, Malaysia, New Zealand and Singapore, along with unspecified “industry reports”.

    Reebonz says millennials are driving the sector’s growth, “tilting the scales in favour of a pre-owned luxury market that continues its growth trajectory”.

    Chanel, the most-purchased pre-owned brand by millennials, recorded more than double the total sales value on Reebonz last year over 2016.

    The report said the changing perceptions towards pre-owned luxury have altered the state of resale and how consumers shop today, contributing to 40 per cent sales growth in the pre-owned category at Reebonz.

    “The growing demands of buying from the resale market cleverly gives rise to a community of individual sellers, injecting the luxury ecosystem with products that meet these needs,” said Reebonz cofounder Daniel Lim.

    Louis Vuitton, Hermes and Chanel were the three top-selling brands on Reebonz last year, fetching resale values as high as 125 per cent of their original retail price in the secondary market. Gucci, Celine and Dior were also among the top 10.

  • LVMH hits up record revenue in 2017

    LVMH hits up record revenue in 2017

    It has been another record year for luxury products group LVMH Moet Hennessy Louis Vuitton.

    Revenue increased by 13 per cent year on year to reach €42.6 billion (US$52.9 billion), while organic revenue growth was 12 per cent.

    All business groups recorded double-digit organic growth with the exception of wines and spirits, where second-half growth was hit by supply constraints.

    Profit from recurring operations reached €8.2 billion, up 18 per cent. Operating margin reached 19.5 per cent, while the group share of net profit was €5.1 billion, growth of 29 per cent.

    Describing the performance as “excellent”, LVMH chairman/CEO Bernard Arnault says the record year was partly because of a buoyant environment but above all a result of the creative strength of the group’s brands “and their ability to constantly reinvent themselves”.

    Key highlights of last year listed by the group include:

    ● Record revenue and profit from recurring operations.

    ● Growth in Asia, Europe and the US.

    ● The success of both iconic and new products at Louis Vuitton, “whose profitability remains at an exceptional level”.

    ● The acquisition of Christian Dior Couture.

    ● Growth at Fendi and Loro Piana.

    ● The first year of integration of Rimowa luggage.

    ● Strong momentum at Parfums Christian Dior, driven by product innovation.

    ● An excellent year for Bulgari and good progress at Hublot and Tag Heuer.

    ● Growth at Sephora.

    ● Free cashflow of €4.7 billion, up 20 per cent.

    “Significant” growth in China helped Hennessy cognac volumes grow by 8 per cent, with 7.5 million cases shipped despite the second-half supply constraints.

    In fashion and leather goods, key events of the year were products arising from collaborations with artist Jeff Koons as well as the Supreme brand, the launch of the brand’s first smartwatch and the inauguration of the Maison Louis Vuitton Vendome in Paris.

    There was rapid growth in Asia for the perfumes and cosmetics segment, and growth was particularly strong in Asia for Bulgari. Asia again shone in the selective retailing group with Sephora continuing to gain market share.

    LVMH says the year was a positive turning point for DFS, with new stores in Cambodia and Italy continuing to grow sales.

    Despite unfavourable currencies and geopolitical uncertainties, LVMH says it is well equipped to continue its growth momentum across all business groups this year.

  • Louis Vuitton Ginzato move to new location

    Louis Vuitton Ginzato move to new location

    The Louis Vuitton Ginza Namikidōri Store has a new design and a new home, moving to the new Tokyo Ginza Asahi Building.

    The move is a result of its former location being closed for rebuilding.

    Now covering two storeys, the store features a modern façade inspired by pieces from its Objets Nomades collection, incorporating ideas from in-house artisans and famous designers. The interior is immersed in soft, natural light.

    On offer are the brand’s latest women’s and men’s collections including Capucines handbags (exclusive here for Japan), suitcases, leather accessories, ready-to-wear, shoes, watches and fine jewellery.

     

  • Kim Jones is leaving Louis Vuitton

    Kim Jones is leaving Louis Vuitton

    Kim Jones is reportedly parting ways with Louis Vuitton. The English designer was appointed as LV’s men’s artistic director in 2011, and has been largely credited with breathing new life into the storied fashion house. His implementation of streetwear sensibilities has received praise from fashion icons Kanye West and Off-White designer Virgil Abloh. He was also instrumental in the wildly popular and highly coveted Louis Vuitton x Supreme collaboration.

    “Some critics say that I am just jumping on the bandwagon, but actually I am not. [Streetwear has] always been part of my DNA.” Jones said in 2017. “Street wear is the modern contemporary menswear. Look at the Japanese street wear designers such as Undercover: the details of the clothes are just incredible. It is really intelligent menswear.”

    It is unclear if Jones will take a role with another fashion brand; however, BoF reports there are rumors of him moving to Burberry.

    In September of 2017, reported that Versace was looking to hire Jones as its creative director; however, ​his deal with LV seemed to pose the biggest challenge.

    “No contract has been signed and the likelihood of a deal could not immediately be learned,” the publication wrote. “It is understood that the biggest barrier is a contractual one: [In 2016], the Englishman renewed his employment agreement at Vuitton.”

  • Louis Vuitton Singapore makes splash in airport

    Louis Vuitton Singapore makes splash in airport

    Louis Vuitton Singapore has opened a spectacular duplex store taking centre stage in the new Crystal Garden in the Terminal 3 departure transit hall at Changi Airport.

    The first-ever airport store of its type in south Asia, the store has a theme of travel and features a full-size model of a 1930s French plane suspended from the ceiling, plus “flying machines” carrying the French luxury brand’s signature trunks and suitcases.

    A giant digital display surrounds the entrance, and the store has a translucent facade of glass and copper-diamond mesh. Inside, tiered garden beds feature a flowers and spheres containing glass sculptures.

    For the opening, an exhibition space on the second floor features antique objects from the Louis Vuitton archives displayed alongside more contemporary pieces.

    On the ground floor there is a range of travel-related offerings including men’s and women’s leather goods, ready-to-wear, accessories, shoes, watches and fragrances.

    Covering 530sqm, it is the first airport store in Asia Pacific to be directly managed by Louis Vuitton, which has had a 37-year presence in Singapore.

  • Louis Vuitton adopts a new strategy in Korea

    Louis Vuitton adopts a new strategy in Korea

    Louis Vuitton has recently begun separating its men’s stores from women’s at major department stores in Korea.

    According to the French luxury brand on 11 December 2017, a Louis Vuitton store specializing in men’s fashion items was opened on the sixth floor of Shinsegae Department Store‘s main branch in Seoul last week. The department store will accommodate a renovated store featuring women’s collections as well on the ground floor next week.

    The international fashion house will also open a brand new store focusing on men’s collections at Galleria Department Store’s East Wing and a renewed women’s store in the store’s West Wing this month.

    Its Korean subsidiary said it divided the stores to offer clients a unique and personalized shopping experience.

    According to the company, separated Louis Vuitton stores can only be found at Saks Fifth Avenue in New York, Harrods in London, and Shin Kong Place in Beijing, as well as Shinsegae Department Store’s Gangnam branch having stores for women’s collections on its second floor, women’s shoes collections on the fourth floor and men’s collections on the sixth floor.

    Some observers regarded the company’s recent decision as a strategy to recover from its declining sales here by attracting male customers, who have emerged as big players in the nation’s luxury market.

    According to Reebonz Korea, a local subsidiary of the Singaporean-based online platform for luxury products, sales of men’s items rose 96 percent year-on-year in the first half. Sales of men’s luxury products have also increased in other online market places, such as Auction, Gmarket and 11st.

    Louis Vuitton and other global luxury brands are therefore making every effort to satisfy demand, so as to overcome slumps in sales. According to industry officials, Louis Vuitton’s sales growth has been decreasing at major department stores in Korea for years.

    Fendi, an Italian luxury fashion brand, also opened a store specializing in men’s items for the first time in Korea in September at Men’s Salon on the sixth floor of Shinsegae’s Gangnam store. Christian Louboutin, an international luxury brand known for high heels, revamped the first basement of a flagship store in Cheongdam-dong to sell men’s products.

    Given that Louis Vuitton has not unveiled its business performance in Korea, it is unknown exactly what its sales growth was after the latest renewal.

    However, sales of men’s items at Shinsegae’s Gangnam branch doubled after the renewal of Men’s Salon consisting of several luxury brands, such as Louis Vuitton, Berluti and Lardini. Among the brands, Louis Vuitton has maintained the top spot in terms of sales, according to industry officials.

    Thierry Marty, the CEO of Louis Vuitton Korea, said the luxury brand will push ahead with renewals at its nationwide stores to provide personalized services for customers, so the number of separated Louis Vuitton stores is expected to increase.

  • Changi airport T3 new experience unveiled

    Changi airport T3 new experience unveiled

    Passengers at Changi Airport Terminal 3’s Transit Hall will be welcomed by the refurbished Central Piazza, featuring the airport’s latest feature garden made up of elegant glass dandelion sculptures – the Crystal Garden.

    The Crystal Garden is brought to life by tiered garden beds incorporating a curated selection of flowering plants and 12 spheres of artisan dandelion glass sculptures in varying sizes.

    Inspired by the flora and fauna of the other gardens in Changi Airport, the glass sculptures glow with luminance, creating the illusion that they are floating on pools of water or swaying in a breeze – these offer passengers a captivating and unforgettable experience amidst a garden of lights.

    Prominently nestled in the heart of the Central Piazza behind the Crystal Garden is the brand new Louis Vuitton store which opened its doors today. As the luxury brand’s first duplex airport store in the world, it is a travel destination itself with its unique architectural elements.

    Joining the ranks of The Shilla Duty Free’s Cosmetics & Perfumes duplex and the DFS Wines & Spirits duplex at the Central Piazza, Louis Vuitton’s arrival at Changi Airport completes the trio of duplexes at T3’s Central Transit Hall, lifting passengers’ retail experience another notch up. A linkway at the mezzanine level above the Crystal Garden connects all the duplex stores and offers passengers the luxury of browsing seamlessly across the three retail spaces.

    Ms Lim Peck Hoon, Executive Vice President of Commercial at Changi Airport Group said, “The Crystal Garden is designed to engage the senses of travellers while capturing the carefree spirit of travel, as it greets travellers when they first step into T3’s Transit Hall. Besides the enriched offering of luxury goods, cosmopolitan travellers can look forward to an engaging retail experience in the revolutionary two-store Louis Vuitton boutique.

    Without a doubt, Louis Vuitton’s definitive French charm and distinct travel heritage plays up Changi’s image as a world-class shopping destination. We are delighted to welcome Louis Vuitton to Changi Airport.”

    Specially conceptualised for the Central Piazza, the Crystal Garden is the seventh feature garden at Changi Airport. It comprises 1,735 Bohemian glass components hand blown with different finishes, giving the sculpture richness and texture.

    Embracing the philosophy that nature soothes, the Crystal Garden gently integrates nature into the Central Piazza, presenting travellers with an interesting juxtaposition of poetic calm amidst a burst of colour and activity.

    The seeds of the dandelions floating across the Crystal Garden represent passengers on their onward journeys, spreading out to different corners of the world, as seeds would travel.

    Behind the Louis Vuitton duplex store, the Central Piazza also offers a new open lounge with plush seating and soft lighting, a dedicated working area and individual charging points, all carefully designed to enhance the T3 experience for all travellers.

  • Louis Vuitton launches its Facebook chatbot

    Louis Vuitton launches its Facebook chatbot

    In a bid to think “client first”, Louis Vuitton has launched a chatbot on Facebook Messenger that advises shoppers on products, aiming to provide meaningful feedback during the busy holiday period.

    The bot is powered by mode.AI, which has also previously partnered with the likes of Levi’s with its artificial intelligence, visual search and machine learning technology.

    It aims to give clients a more “sophisticated, personalized, visual and conversational online shopping experience” via Facebook, where Louis Vuitton currently has more than 20 million followers.

    The main focus is on search– users can converse with the bot to discover the brand’s full line of products, as well as use it to get suggestions on specific items. It uses natural language processing to facilitate a more advanced search experience.

    They can also share items with friends directly through it, and get votes in return on what to buy. Additional services include info on stores worldwide, access to product care instructions and a conversational view on the brand itself, from its fashion shows to its history and the craftsmanship behind its products.

    LV

    Louis Vuitton CEO, Michael Burke, said: “At Louis Vuitton, we always think client first. Today, our clients like to be connected to the Louis Vuitton universe wherever they are. They shop in our stores worldwide and are often in contact with their personal shoppers. They also follow us on Facebook, Twitter, Instagram, etc. and find our products on louisvuitton.com. It became evident that we should create the Louis Vuitton Virtual Advisor powered by mode.ai, a 24h/7 service to be able to fully meet their needs.”

    “We are still in the very early stage of AI technology adoption in the retail industry. The dominance of e-commerce isn’t just a trend, but an ever-growing arena, giving luxury brands like Louis Vuitton the opportunity to reach and sell to their customers in new and exciting ways. As shoppers continue to move online, the most forward-thinking companies will turn to AI chatbot technology to meet these shifting client demands,” said mode.ai CEO Eitan Sharon.

    Burke added: “The [bot] is designed to increase the quality of the relationship we have with our clients by enhancing and personalizing the shopping experience. We see messaging platforms as future key drivers of conversations with our clients, and potential for the integration of artificial intelligence and chatbot technologies to further enhance service to clients across these new channels.”

    The experience is currently only available on Facebook Messenger in the US, but there are plans to roll it out to Europe and Japan next, as well as across additional platforms including WeChat and Line.

  • Louis Vuitton losing past luster in Korean market

    Louis Vuitton losing past luster in Korean market

    The sales growth rate of Louis Vuitton has backtracked in 2017 at the nation’s major department stores, losing its market prestige as one of the most desired luxury brands, industry sources said on 13 November 2017.

    According to market insiders, sales of the French luxury brand at a department store between January and October 2017 slipped 5.3 percent from the same period of 2016, while that of its rival luxury brands, Chanel and Hermes, rose 11.2 percent and 16.5 percent, respectively.

    At another department store, sales of Louis Vuitton dropped 2.1 percent while Chanel and Hermes respectively surged 13.7 percent and 17.1 percent. The department stores were not identified.

    Louis Vuitton Korea, the local importer and distributor of the French fashion and jewelry brand, operates as a limited company here and is therefore not required to disclose its sales records.

    Chanel Korea and Hermes Korea are also not obligated to do so. Louis Vuitton Korea was launched as an incorporated company, but it became a limited company in 2012 in the face of public criticism over its low corporate outreach despite considerable profits here.

    The French fashion house has enjoyed popularity in the recent past, targeting young women with its monogram series. Market insiders say Louis Vuitton appears to have lost some of the brand value from its rarity, focusing on bags priced 2 million won (US$1,790) that have become an affordable range for customers in the luxury segment.

    The vast popularity of Louis Vuitton in the past and consequent sales have made the brand too common, taking away much of its cachet, a retailer said. “The popularity of its monogram series fizzled out, and there was no succeeding product, which is another reason for the slump,” he said.

    Meanwhile, Hermes and Chanel have targeted the higher end segment, keeping their price range within the highest level of the market.

  • Sales drops for Louis Vuitton Korea

    Sales drops for Louis Vuitton Korea

    Louis Vuitton Korea has fallen behind its rivals, with sales dipping into minus territory this year, industry data shows.

    Sales at a leading department store for the international fashion house for the January-October period backtracked 5.3 per cent. Demand for Louis Vuitton products were down 2.1 per cent at another department store during the same period.

    Meanwhile, rivals Chanel and Hermes achieved double-digit sales during the same period. Chanel added 11.2 per cent and 13.7 per cent at the two department stores, while Hermes managed 16.5 per cent and 17.1 per cent growth, respectively.

    “The vast popularity of Louis Vuitton in the past and consequent sales have made the brand too common, taking away much of its cachet,” an unidentified retailer said. “The popularity of its monogram series fizzled out, and there was no succeeding product, which is another reason for the slump,” he said.

    Exact sales figures are not available for Louis Vuitton, after its local operator was turned into a privately-held company from a limited company in 2012 when its lack of social contribution compared to its dividend propensity became controversial. Privately-held firms do not have to disclose detailed corporate information, such as donations.

    A law was revised recently, however, requiring private companies to undergo external inspections and to disclose financial information, including sales, dividend rates and contributions.

  • Balenciaga is the hottest fashion label

    Balenciaga is the hottest fashion label

    Balenciaga has overtaken Gucci as the hottest fashion label, according to the latest Lyst Index.

    The index draws on data analysis by fashion-search platform Lyst in conjunction with the Business of Fashion website. The 4.5 million data points analysed include sales, searches and consumer perceptions of 5 million products and 12,000 brands.

    Its result is despite Louis Vuitton, Hermes and Gucci being named best fashion brands globally just last month by Interbrand consultancy.

    Ranking the world’s hottest brands and top-selling products, the Lyst Index ranked Gucci first in this year’s second quarter, followed by Kanye West’s Yeezy and Balenciaga. However, the Spanish fashion brand continued to rise, displacing Gucci in the third quarter, with Virgil Abloh’s Off-White rising to third – a jump of 31 places in three months.

    Lyst says Balenciaga’s rise was because of a new logo and the Colette residency in Paris keeping the brand top of mind “while Demna Gvasalia continues to design products that drive the fashion narrative online”.

    Additionally, the platform praised Gucci for being a “consistent performer”, reports High Snobiety.
    Rounding out the top 10 are Vetements, Givenchy, Valentino then Saint Laurent, while Stone Island leaped from 41st to eighth, followed by Moncler (previously 20th) and finally Raf Simons (previously 21st).

    Lyst Index also looked at the most influential rappers in fashion for the quarter, listing (in order) Kanye West, Nicki Minaj, Pharrell Williams, Cardi B, Drake and A$AP Rocky.

  • Louis Vuitton Masters continues Jeff Koons collection

    Louis Vuitton Masters continues Jeff Koons collection

    More famous painters are referenced in the second Louis Vuitton Masters collection in collaboration with US artist Jeff Koons.

    While the first wave of the collection celebrated Da Vinci, Fragonard, Rubens, Titian and Van Gogh. Koons chose Edouard Manet’s 1863 work Luncheon on the Grass as his main inspiration, to be featured on LV staple handbags like the Keepall, Neverfull and Speedy as well as accessories and small leather goods.

    “Manet has always been one of the most important artists to me,” says Koons. “To work with the image of The Luncheon on the Grass gave me the opportunity to emphasise the importance of artists giving it up to each other.”

    JMW Turner’s Ancient Rome, Francois Boucher’s Reclining Girl, Paul Gauguin’s Delightful Land and Claude Monet’s Water Lilies, round up the series. Exclusive for Maison Louis Vuitton Vendome will be The Triumph of Pan by Nicolas Poussin.

    French actress Lea Sedoux will feature in the campaign for the collection, which will be released next week.

    As with the previous collection, the bags feature the LV monogram motif, the painter’s name and Koons’ initials along with the LV logo.

  • Wines and spirits contribution to LVMH luxury business

    Wines and spirits contribution to LVMH luxury business

    It has been a bubbly nine months for the LVMH luxury business – with the exception of its wines and spirits division, which was hampered by supply constraints.

    Revenue grew by 14 per cent for the period to reach €30.1 billion (US$35.4 billion).

    With organic revenue growth of 12 per cent, the third quarter continues the trend for the year, says the group. The revenue increase was despite a negative currency impact of 5 per cent and a positive structural impact of 7 per cent, reflecting the integration of Christian Dior Couture.

    All business groups recorded double-digit organic growth, with the exception of wines and spirits where growth was 8 per cent. Champagne volumes were up 4 per cent, with particularly strong demand in Europe and Japan. Hennessy cognac had a volume increase of 9 per cent despite a third-quarter decline related to limited supply.

    LVMH’s selective retailing business group had organic revenue growth of 12 per cent. Online sales grew at a steady pace, and DFS had sustained growth, particularly in Hong Kong and Macau. The T Galleria store in Cambodia has also developed well, says the group.

    Organic growth of 14 per cent was recorded by the fashion and leather goods business group. It attributes this to innovation, such as the launch of Louis Vuitton’s first smartwatch.

    “The qualitative development of the distribution network continues, as illustrated by the opening of the Maison Louis Vuitton Vendome in Paris, which brings together under one roof all the savoir-faire of the maison,” says the group.

    Highlights during the period included Fendi opening stores in the US and Rimowa being consolidated. Donna Karan was sold at the end of last year.

    There was also 14 per organic growth in perfumes and cosmetics. Perfumes benefitted from the launch of the eau de parfum Miss Dior. Guerlain rolled out Mon Guerlain fragrance internationally, and Fenty Beauty by Rihanna had an “exceptional” start.

    Watches and jewellery had 13 per cent organic revenue growth, with Bulgari achieving “a remarkable performance” with the rapid growth of its signature jewellery collections Serpenti, Diva and B.Zero1.

  • Louis Vuitton x Supreme draws queues

    Louis Vuitton x Supreme draws queues

    Louis Vuitton’s heavily-hyped collaboration with streetwear label Supreme has gone on sale in Hong Kong – and elsewhere around the world – with long queues.

    The products in the Louis Vuitton x Supreme collection range from a HK$565,000 luxury red trunk and a $445,000 skateboard to more affordable items like sneakers – and even a bumbag at $18,200.

    Such was the demand for the streetwear range, Louis Vuitton organised appointments for would-be buyers, limiting each person to one, non-transferable visit and a maximum purchase of two items.

    In Singapore, people queued for more than 48 hours, with some shoppers hiring queue-sitters and swapping shifts to be sure of getting in the door. On Friday, there were still short queues outside some Louis Vuitton outlets in Hong Kong. Louis Vuitton customers wanting to browse other items were allowed in via other entrances.

    The Louis Vuitton x Supreme range – which has a strictly limited volume – was pre-launched on June 30 in Beijing, Miami, Seoul, Los Angeles, Tokyo and several other cities via pop-up stores, which have since closed.

    In China, Louis Vuitton launched a WeChat campaign for fans to register to get their hands on the collection.

    Despite Louis Vuitton’s efforts to limit purchases per customer, the Louis Vuitton x Supreme items are already being resold online at a premium. A box logo hoodie was reportedly being advertised at US$25,000.