LVMH revenue is set to advance 7.5 percent this year, according to estimates compiled by Bloomberg. That’s faster than the 5.2 percent growth analysts predict for PPR. Sephora is introducing services such as mobile payments and enlarging its own-label assortment to keep shoppers spending. It’s also expanding in Latin America and Asia, aiming to attract middle class consumers driving growth in emerging markets.
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The house’s signature material is flesh-colored natural cowhide leather, the basis for all monogram bags. The more exotic leathers — stingray so thick you can’t stitch into it, python skins as long as eight meters — require specific expertise. Each exotic skin is colored and given a matte or glazed finish, then cut with pressurized machines, except for special orders, which are always cut by hand. Upstairs, craftsmen assemble and perfect the pieces. Glimpsing an unfinished handbag lining is like catching someone in her underwear: it appears denuded, vulnerable.
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Bag a bargain! Hermès, Chanel and Louis Vuitton among 84 designer handbags up for online-only auction from 2pm TODAY
‘The online-only format of this sale follows hot on the heels of our successful Vintage Couture: Handbags, Luggage and Accessories sale in April this year. ‘This sale which runs for 10 days provides another extended opportunity for buyers around the world to purchase handbags and accessories by some of the greatest designers of all time.’ Handbag history: A lesson Hermès Kelly and Birkin bags continue to be highly sought-after and have become increasingly popular since they were first designed. Birkin bags were inspired by English actress and singer Jane Birkin in the 1980s. In a chance encounter with the former Hermès CEO on an airplane, the celebrity suggested the design for a weekend bag, which paved the way for the consistently popular ‘Birkin’ bag. The Kelly bag was named after Grace Kelly, who in 1956 had just become Princess of Monaco and was seen carrying the original leather ‘Sac à dépêche’ to hide her pregnancy.
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Queen of Spain 