As Christina Passariello wrote in a recent Wall Street Journal article, Louis Vuitton, with its flagging growth and logo-covered bags, now finds itself in the throes of the fashion business’ most baffling paradox – how do you sell bags to as many people as possible without becoming a company that’s associated with mass-market consumerism instead of rarified luxury? At least right now, LVMH execs think that the solution to that problem might be to raise prices across the board.
In The News(Page 3)
[Editor's Note: In light of the very serious situation on the ground in Boston today, we didn't feel right going forward with business as usual. Our thoughts are with the people of Boston and the law enforcement officials who've worked tirelessly last night and today to make us all safer.]
We’ve tried to provide a bit of fluffy fun in the face of this week’s tragic events in Boston and Texas, but when we found out that our friends at Boston-based Rue La La had come up with a way for people around the country to raise money for the victim’s medical bills and honor the city simultaneously, we thought we’d be remiss not to let you guys know.
A long time ago, I ranted a bit about why terming the purchase of a bag as an “investment” was probably a bit silly, not to mention inaccurate, and the kind of marketing terminology that encourages consumers to overspend on goods that depreciate even more rapidly than cars. It still is – at best, buying fashion is an investment in your own enjoyment, and the dividends it pays won’t be of the monetary variety.
We don’t delight in bad news around here, and a price increase is just about the worst news that you can ever expect to find on a handbag blog. (We’re lucky that way.) Unfortunately, that’s what this time of year brings for Hermes lovers, and NYC shopping blog Mizhattan reports that we can expect a noticeable uptick in price for everything from Birkins to Colliers de Chien to flasks.
I am a major sports fanatic, and starting July 27th I will be glued to my TV to watch the Olympic games. Because of my athletic background, I have many friends competing for Team USA and with other teams around the world. Every four years, I look forward to the world coming together to root on our athletes toward one common goal: performing to the best of their abilities and honoring their country.
In case you just can’t get enough of Infinitely Kusama, Louis Vuitton‘s capsule collection in collaboration with Japanese modern artist and polka dot enthusiast Yayoi Kusama, you’ll soon have even more ways to shop. Not only will customized windows roll out to Louis Vuitton boutiques across the globe, with the Kusama collection available in all of Vuitton’s 463 boutiques, but LV will also open up a handful of Kusama-only pop-up shops.
When I first heard the rumor that Yves Saint Laurent‘s new creative director Hedi Slimane was looking to change the iconic French luxury house’s name, admittedly, I scoffed. “Silly slow-news-day gossip that will never be substantiated,” I said to myself. Because what else could it be? Almost all of YSL’s branding over the last 10 years has centered squarely on the importance of the brand’s initials, and the Y in particular – from the incredibly popular Yves Saint Laurent Cabas ChYc to the Yves Saint Laurent Easy Bag, practically every major bag that the brand currently sells is predicated on the Y.
In and of itself, news of police busting up a counterfeit handbag ring is not exactly breaking news. Enormous luxury brands put pressure on authorities in Europe and America to stanch the flow of fake bags into their markets, usually from Asian manufacturers and distributors unaffiliated with the mainstream luxury industry in any way. Police bust the rings fairly regularly, proudly displaying crates of confiscated goods on the news, only to have more sprout up in the defunct rings’ places.
It’s not often that our Real Housewives coverage and our handbag coverage intersect, but sometimes when a reality TV star finds herself in financial straits, the stuff in her closet is all she has left with which to barter. (Side note: Why do people in financial distress find themselves so attracted to television? Bravo doesn’t pay that well.)
That’s apparently what happened to Taylor Armstrong of Real Housewives of Beverly Hills fame, who recently settled a lawsuit that had been brought against her and her late husband Russell over allegations that they defrauded MyMedicalRecords.com for over $1.5 million while they claimed to seek funding for the company’s growth.
I love a fun video and everyone on the PurseBlog team is constantly sending videos back and forth to keep ourselves entertained. Some are informative and some are simply to add laughter to our day. I had a smile on my face from ear to ear and found myself singing along to every word of this adorable Call Me Maybe cover that Rebecca Minkoff, Leandra of The Man Repeller, and model Hilary Rhoda shot as they got ready for the CFDA awards.