PARIS — Louis Vuitton will accentuate quality, not quantity, to solidify its position in the marketplace, and to ensure future growth.
That’s the word from luxury titan Bernard Arnault, who elaborated on “adjustments” in Vuitton’s “elitist” strategy as he disclosed a 12 percent bump in 2012 net profits at LVMH Moët Hennessy Louis Vuitton — and voiced confidence about the group’s prospects for 2013.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)