Luxury labels hit in the pocketbook: high-end sales are slowing down as "even the rich understand that there's some anxiety in the world"

Article Abstract:

Luxury goods brands worldwide are beginning to be affected by the sluggish economy. Swiss firm Compagnie Financiere Richemont S.A. reported shares down 6.7% after lower holiday sales. Holiday sales were also down for Italy's menswear company Ermenegildo and Figli Zegna S.p.A., while US-based Coach Inc. saw same-store sales drop 1.1% for the last quarter of 2007. Louis Vuitton S.A. is risking a 5% price increase in the US market.

Europe, Sales, profits & dividends, Securities issued, listed, APPAREL AND OTHER TEXTILE PRODUCTS, Luggage, Italy, United States, Sweden, Securities, Company sales and earnings, Clothing industry, Company earnings/profit, Company securities, Luggage industry, Ermenegildo and Figli Zegna S.p.A., Coach Inc., Compagnie Financiere Richemont S.A.

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Louis Vuitton brands its space

Article Abstract:

Louis Vuitton has hired a team of architects to help it enhance its global image. The company hopes to enhance its image with stores that are labeled "commercial cathederals."

Retail Stores, Stores

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Sobering realities temper LVMH push into Chinese markets

Article Abstract:

LVMH Moet Hennessy Louis Vuitton S.A. is to open a flagship luxury goods store in Beijing, China.

China, LVMH Moet Hennessy Louis Vuitton S.A.

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