Vuitton Tones Down Bling in Russia as Wealthy Go Discreet
The abbot is currently believed to be in Europe, and has been ordered to return to his home country within the next 30 days by Mr Benjawatananun. Accused: Pu Nenkham, who is abbot of the Khantitham Forest Monastery in north eastern Thailand, is allegedly married to a woman called Yupinpraethong Janthawa Under suspicion: He has also been accused of being a fake, and wearing the religious robes despite not being entitled to do so – a criminal offence in Thailand Thailand has attempted to help Buddha’s 2,600-year-old doctrine stand the test of time through a variety of means, including imposing a ban on the sale of alcohol on religious holidays. The efforts, however, are sometimes tainted by the monks themselves. Last year, about 300 out of 61,416 Buddhist monks and novices in Thailand were reprimanded – in several cases removed from the monkhood – because of their misconduct, ranging from alcohol consumption, having sex with women, to extortion. The office also received complaints about monks driving cars, and scams and false claims of black magic uses by monks.
Welcome To Poland’s First Louis Vuitton Store: “Open Your Bag Please”
‘He’s given me amazing space, and we’ve become close through working together,’ she says. ‘But it’s not like we go out for dinner all the time.’ In this world, relationships are instead forged through intensive work schedules. ‘The longest day? Well, during the shows, we could start around 8.30am, work all night and not go to bed at all. Sometimes I manage to go home and take a shower before the show starts at 10am.’ De Libran with Christel Takigawa and Sofia Coppola Love and perfectionism, she says, keep her going, ‘and coffee and lots of water’. De Libran and Jacobs only met at her job interview, though both were mutual friends of the film director Sofia Coppola, whom de Libran had met in Paris at the ‘baby gym’ with Balthazar. One of the first pieces she produced at Louis Vuitton was the wonderfully understated Sofia bag, which has since been seen on the arm of every celebrity from Kate Moss to Kirsten Dunst. ‘I bumped into Sofia on the way to meet Marc, which felt like a sign,’ she smiles. ‘But from our first conversation I felt like I’d known him for so long. We shared so many references.’ While the New York-born Jacobs has become a part-time naturalised Parisian, dividing time between his own Marc Jacobs labels in America and Vuitton in Paris, de Libran’s journey went the other way.
Louis Vuitton parent company LVMH fined 8 million Euros in Hermes case
The 47-year-old, who made the switch to luxury handbags after selling coffee for 17 years at Nestle , visited Poland six times before finding the perfect location for Luis Vuittons 270-square-meter store. Before settling on the upscale Vitkac department store, in one of Warsaws busiest shopping districts, the French luxury-goods maker analyzed pedestrian traffic in different corners of the city, observed shopping habits, and visited the stores of its competitors. In retail you need to experience everything by yourself,” Eggs explains.”Observation is the best method, but it takes time. The brand also polled Polish customers in Louis Vuitton stores in Munich, Berlin, London and Paris about the planned location of the future Warsaw store and got great reactions. That was the final confirmation for us, says Eggs. Louis Vuitton is the flagship brand of French conglomerate LVMH , which also owns such luxury brands as Bulgari, Givenchy and Dom Perignon. According to the Sanford Bernstein sell-side research firm, Vuitton handbags generate a half of the operating income of the LVMH, and a revenue of 7.4 billion euros per year. That’s seven times more than Poles spend per year on luxury goods in total (excluding cars), according to KPMG. Nevertheless, the Polish luxury market enjoyed a 50% growth during 2000-2010, increasing much faster than the global luxury market, which is currently worth 210 billion euros. “The Polish market recorded a solid rise, but that is not the only element we take into account,” Eggs says.
Julie de Libran: Louis Vuitton’s secret weapon
After much name calling, accusation throwing and general slinging of verbal mud, French regulatory board AMF condemned LVMH for ‘failing to follow market rules’, when it discretely accumulated a significant stake in Hermes stocks. Citing the “seriousness of the successive breaches of public disclosure requirements, which consisted in concealing each stage of LVMH’s stake-building in Hermes,” as the fuel behind the hefty fine, the AMF appear to be in no doubt that there’s been foul play. LVMH however, continues to disagree. Brandin both the claim and punishment to be ‘unfounded’, the conglomerate has said it will appeal against the decision, despite further cases being already lodged against it by, yep you guessed it, Hermes. Though this chapter may be settled for now, expect more drama as the cases continue to pile up! Thoughts?
Even North West’s changing bag is designer! Kanye takes some time out from daddy duties as he heads out for lunch toting a Louis Vuitton holdall
Kering (KER) was up 1.5 percent as of 9:38 a.m. in Paris trading, in line with the Bloomberg European Fashion Index. LVMH rose 2.2 percent, while Hermes increased 2 percent. The shift to less conspicuous consumption is a familiar cycle, says Claudia DArpizio, a partner at consultant Bain & Co. New shoppers in fast-growing markets such as China and the Middle East, like the display of status and buy more obvious items such as logoed bags and bejeweled watches, she says. More established shoppers focus on being in-the-know on which brands have cachet, and value more subtle materials and craftsmanship. Appreciated Consistency Of course, flash can still sell in Russia if its expensive enough.