#17talks

LOUIS VUITTON UNVEIL NEW GINZA NAMIKI TOKYO FLAGSHIP STORE

LV's Latest Retail Update. While many businesses across the globe are struggling to keep their doors open, the power of luxury has persevered through the pandemic and Louis Vuitton’s latest store opening is just another example of where all that monogram money is heading. Reimaging their iconic Ginza Namiki store in Tokyo’s shopping district, the corner location held by the luxury French label since 1981 has been totally transformed under the watchful eyes of architects Jun Aoki and Peter Marina. Perpetuating the ultra-contemporary aesthetic seen across many of the label’s other locations, the four-floor outpost will play host to the label’s seasonal collections alongside pop-up spaces, private VIP salon, eateries such as Le Café V & more. Thoughts? Check out some shot of the new space below and pop down to visit yourself at Louis Vuitton Ginza Namiki-Dori Store, 7-6-1 Ginza Chuo-ku, Tokyo, Japan. View Larger View Larger View Larger View Larger View Larger View Larger View Larger View Larger View Larger View Larger View Larger

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LOUIS VUITTON UNVEIL NEW GINZA NAMIKI TOKYO FLAGSHIP STORE

PAUSE OR SKIP: LOUIS VUITTON VARSITY BY ARTIST LONE- DABIRI

Atelier Fight Camp. Perpetuating the popularised approach of both upcycling and customising pieces from both the worlds of high-end and high-street fashion, artist LONE- DABIRI shared his recent take on a Louis Vuitton varsity for your perusal. Crafted using parts from vintage and antique luggage from the revered French label, the patches seen across the jacket are designed and created by the artist themselves to pay homage to the art of combat sports. Thoughts? While, unfortunately, it’s not available for purchase at the moment – follow the link below to shop the latest from LV. SHOP LOUIS VUITTON PHOTO CREDIT: @lonedabiri View Larger View Larger

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PAUSE OR SKIP: LOUIS VUITTON VARSITY BY ARTIST LONE- DABIRI

LVMH'S 2020 YEARLY RESULTS REPORT GROWTH IN FASHION, LEATHER GOODS SECTORS

LVMH (PARIS:MC.PA -0.67%) has posted its yearly results for 2020, stating that it experienced “significant improvement” in the fourth quarter of the year with notable rebounds in fashion and leather goods. These two sectors recorded double-digit growth in Q3 and Q4. The luxury products group reported an annual revenue of €44.7 billion EUR ($54.5 billion USD), representing a 17 percent decline from 2019; organic revenue declined 16 percent over the course of 2020 and only 3 percent in the fourth quarter. LVMH also reported its Asian markets performed strongly (seeing double-digit growth) and the U.S. recovered well, though Europe is still challenged by the COVID-19 pandemic. Other COVID-19 related trends include a steep increase in online sales and challenges to hotel and travel retail activities due to international travel restrictions, LVMH also released some details about the performance of specific brands and subsidiaries. In the fashion realm, Louis Vuitton and Dior experienced double-digit organic revenue growth in Q3 and Q4 and Loewe, Celine, Fendi and Marc Jacobs showed “solid resilience” according to the release. In watches and jewelry, BVLGARI‘s response to China’s market recovery is highlighted as well as LVMH’s recent acquisition of Tiffany & Co., which proved quite fraught over the last year. The wine and sprits sector was bolstered by a strong recovery for Hennessy cognac, notably driven by demand in the U.S. The statement did not include many details about the outlook for 2021, aside from “cautious confidence” and a determination to regain growth momentum across all its businesses. Early this year, Business of Fashion confirmed LVMH would reshuffle roles at Tiffany & Co. with Anthony Ledru formally announced as its new CEO.

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LVMH'S 2020 YEARLY RESULTS REPORT GROWTH IN FASHION, LEATHER GOODS SECTORS