29 Sep '16, 5pm

[email protected] taps into youth spirit for next #growth chapter

Louis Vuitton Taps Into Youth Spirit for Next Growth Chapter Posted September 29, 2016 by Sheila Shayon Louis Vuitton has crafted and maintained a unique position in the luxury goods market combining its iconic lines with new models and posting a solid performance for 2016 so far. Founded in 1854, the Parisian luxury brand, owned by LVMH, is valued at USD $27.3 billion . Products include leather goods, handbags, trunks, shoes, watches, jewelry and accessories, most bearing the distinctive LV monogram. CEO Michael Burke credits Creative Director Nicolas Ghesquière with reviving the brand with a youthful élan that is paying off in the marketplace. Annual revenues are estimated to reach USD $10.25 billion this year, with Louis Vuitton accounting for up to half of LVMH’s profits. Ghesquière unveiled the brand’s spring collection during Paris Fashion Week at the Place Vendôme, ...

Full article: http://www.brandchannel.com/2016/09/29/louis-vuitton-taps...

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