Thursday, April 17, 2008

LVMH Bullish on U.S.: Luxury House defies Slackening Economy

LVMH Bullish on U.S.: Luxury House defies Slackening Economy. Miles Socha. WWD. 04.17.08. 
excerpted text: 

"However, Guiony cautioned analysts not to 'overestimate the impact' of the leather goods designed by Marc Jacobs in collaboration with artist Richard Prince, suggesting it may not end up a long-running blockbuster like its hook-up with artist Takashi Murakami, whose multicolored monogram leather goods have generated hundreds of millions of dollars in sales. 'It's not a major thing' Guiony said of the Prince venture when asked if it had goosed Vuitton sales in Japan. Instead he described an important impact in terms of publicity, yet 'not particularly significant in overall sales.'" 

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