Friday, October 8, 2010

Louis Vuitton is up!

Most stores in France announced in advance time off two weeks after closing shop, luxury leather goods brand Louis Vuitton (LouisVuitton) and the implementation of fare increases on certain products, according to sources told Agence France-Presse said, because "raw material prices pressure."

According to the sources, the increase mainly related to the French market, increases from "zero to 10%", "best-selling handbag is 9%," such as Monogram canvas.

Brand Bestsellers Monogram canvas price from 460-2600 euros.
Agence France-Presse on Thursday this query, Louis Vuitton (LVMH Group) refused to confirm the relevant information, but also do not want to comment on this.

Involved in the current prices of raw materials used in jewelry industry, gold and palladium. But also involved in cotton and leather. The source said the increase in the latter two are "more than 50%." The source said, "shut shop for an hour in advance is to maintain the quality of production in France, while raw materials prices rose in response to the price."

Louis Vuitton, LVMH Group's previously announced starting from September 13 to November 30 period in France ahead of the majority of stores will close for an hour every day, because stocks, worried that there was no before Christmas goods supply situation.

Global luxury giant LVMH announced first half net profit in July recorded a 53% increase, mainly due to increase in sales, especially Louis Vuitton handbag hot selling.

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