224-Year-Old Goyard Seduces Luxury Giants. PARIS, France — Only the really wealthy know Goyard.
Unlike Gucci or Louis Vuitton, the more than 200-year-old Parisian maker of luxury luggage and bags — with one of its 19th-century-style trunks going for €52,380 ($59,315) — maintains a studied silence. It does not advertise in glossy magazines, and is among the last of its kind not swallowed up by a larger peer. So far, that is. Kering chief executive officer Francois-Henri Pinault would not be averse to adding it to his company’s stable of brands, a person familiar with the matter said. While neither Kering nor its larger rival LVMH Moët Hennessy Louis Vuitton will officially comment on whether they are interested in Goyard, industry observers say it is unlikely they would pass up a chance to consider buying it. "In the event that Goyard is for sale, LVMH and Kering will surely take a look," said Mario Ortelli, London-based head of luxury at Sanford C. Louis Vuitton Targets Middle-Income Shoppers With Perfume Launch.
PARIS, France — Louis Vuitton has launched its first perfume range since the founding merger of its parent LVMH in 1987, targeting middle-income shoppers amid a downturn in luxury spending.
This week's launch is an important step for the French brand as it tries to strike the delicate balance between increasing its number of more affordable goods while retaining its cachet. Until now, shoppers on more modest incomes have only been catered for by Louis Vuitton's key chains and very small leather goods, costing around €200-300 a piece. But the brand needs to boost sales growth after a sharp slowdown in the past three years, and with little sign of an industry recovery as security fears and geo-political uncertainty hit the tourism flows vital for luxury brands. Louis Vuitton's collection of seven perfumes, with names including "turbulences" and "matiere noire" or "dark matter," are on sale for around €200 (£168) for a 100 ml bottle. By Pascale Denis and Astrid Wendlandt; editor: Mark Potter. Men's sales march Jimmy Choo higher. Image copyright Jimmy Choo Designer shoe brand Jimmy Choo has reported higher revenues, partly down to increasing sales of men's designs.
Men's shoes are the fastest-growing sector for the brand, representing 8% of global revenue. The company also said in its half-year report that the weakness of the pound since the Brexit vote had also helped boost the company's figures. Revenues hit £173m, up 9.2% compared with the same time last year. Operating profit was up 42.6% at £25m. Once thought of as the preserve of wealthy women, the brand has seen a surge of interest among men. "In total, we have 71 dual-gender stores globally and see the potential for continued growth in this sector, so that it will come to represent a proportion of our revenue well into double digits," the company said. In Japan, where a flagship store is expected to open next year, the sale of men's shoes represented 26% of revenue from the region in the first half.
Luxury Brands Get Tough With Counterfeiters - China Real Time Report. Luxury brands are getting more aggressive about taking suspected counterfeiters to court.
After years of debate in the luxury industry about how to publicly tackle counterfeit goods, a growing number of high-end names from Gucci to Moncler and Alexander Wang are suing sellers of fakes, both in China and the West. The legal action comes as brands grapple with an explosion of fake goods on e-commerce and social-media platforms. Fashion brand Alexander Wang, which sued the owners of 459 websites believed to be selling counterfeit handbags, footwear and clothing last year, won a $90 million judgement this month in a New York district court. The court froze the websites and transferred their domain names — many of which are believed to originate in China — to the designer.
Alexander Wang, in a statement, said it was “pleased” by the court’s verdict and would protect its brand by “maintaining constant vigilance on a global scale.” Gucci declined to comment. Why Nascent Luxury Brands Need Middlemen. The Kiko Kostadinov space at Dover Street Market in London | Source: Dover Street Market LONDON, United Kingdom — Direct-to-consumer e-commerce pioneers like Warby Parker and Everlane pride themselves on bypassing the middlemen who operate third-party retail distributors.
In the telling of their success stories, these middlemen are often painted as meddling intermediaries, taking an unreasonably high margin that serves neither brand nor consumer. But despite the undeniable achievements of companies like Warby Parker and Everlane, there is definite value in the presence of middlemen. As argued recently by Richie Siegel, third-party retail distributors can offer clear business benefits by taking on the task of merchandising and selling product, enabling brands to focus on design. But when it comes to the luxury fashion market, middlemen also play a more fundamental role that is essential to the earliest stages of luxury brand building. Sure, there are alternatives. Related Articles: