Yves Carcelle, chairman and chief executive officer of Louis Vuitton, who just feted the brand’s new flagship in Kobe, Japan, took some time to extol some of his characteristic optimism about the growing demand for luxury goods in markets both mature and developing — economic crisis notwithstanding.
“The desire for luxury is stronger every year,” he surmised. “For people it is a way of expressing, treating themselves. If they are concerned [about their futures] maybe they postpone, maybe they decrease their spending a little bit but their desire is intact.”
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)