The rumors have finally been confirmed: Nicolas Ghesquiere, formerly of Balenciaga, will replace Marc Jacobs as the creative head behind Louis Vuitton’s women’s division, according to an announcement made by the brand on its official Twitter account this morning.
In The News(Page 4)
Kanye West is a man with many thoughts. Thoughts about art, thoughts about Kim Kardashian, thoughts about his own brilliance and, as it turns out, thoughts about Louis Vuitton. West once regularly referred to himself as the “Louis Vuitton Don” in his lyrics, but those days have passed us by.
For an experience that’s supposed to be so lovely and luxurious, shopping for fashion can be everything from frustrating to dehumanizing, and it can be those things all too often for some shoppers. Over the past week, Barneys’ New York flagship store has been hit by allegations that it surreptitiously called the cops on two paying customers for nothing other than having the temerity to be black while buying something expensive.
It’s been a big week for luxury theft in the news. First, a woman in England was found guilty of stealing nearly 1,000 designer handbags, one by one, over a period of three years. If that weren’t enough, yesterday came word that an entire Hermes collection had been stolen off the back of a truck in Milan, forcing the cancellation of an Hermes press preview that had been scheduled.
According to the Telegraph, third quarter growth for LVMH weakened to just two percent, an outcome which the conglomerate’s recent shift in strategy probably predicted. Although that’s still growth, it’s certainly a marked shift from what the world’s largest luxury company is used to and the kind of growth its counted on in the past.
As slow as the luxury industry has been to embrace online shopping, it seems as though some of the traditional high-end heavyweights are looking to get really serious about earning your Internet-purchase dollars. Starting today, both NeimanMarcus.com and BergdorfGoodman.com will be offering free shipping and free returns on almost any online order from here on out.
Late last week when LVMH announced that it had taken a controlling stake in the business of young British shoe designer Nicholas Kirkwood, a good portion of the buzz surrounding the sale centered on which other young company might be next.
I recently had occasion to try and recall what the price of a Louis Vuitton Speedy Bag was during my college years, which weren’t so long ago, and only when I came up with the number of $560 did I realize how quickly designer handbag prices have crept up in those intervening eight years.