SEOUL, April 10 (Korea Bizwire) — Louis Vuitton Korea has said its net income rose 68.9 percent in 2022 from a year earlier, boosted by the “revenge shopping” trend during the pandemic and price increases. Louis Vuitton Korea Ltd., the Korean arm of the French luxury house, logged a net income of 380 billion won [...]
SEOUL, April 4 (Korea Bizwire) — Louis Vuitton is set to open its first fashion show in South Korea at the end of the month, industry officials said Tuesday. The French luxury brand is set to showcase its 2023 pre-fall collection at the Some Sevit, a man-made floating island on the south of the Han [...]
SEOUL, April 3 (Korea Bizwire) — Louis Vuitton will open a pop-up restaurant in Seoul in May with the Michelin-starred restaurant Ikoyi of London, the French luxury house said Monday. Ikoyi at Louis Vuitton will be opened inside the brand’s flagship store located in the posh neighborhood of Cheongdam, southern Seoul, starting next month. Ikoyi’s [...]
Dubai, United Arab Emirates, Dec. 14 (Korea Bizwire) — Jetex, an award-winning global leader in executive aviation, is proud to host the world’s first Louis Vuitton pop-up store at its flagship Jetex VIP Terminal in Dubai. Passengers traveling with Jetex can look forward to getting inspired by Louis Vuitton iconic travel pieces, designed to make [...]
INCHEON, Sept. 23 (Korea Bizwire) — Nearly 90 percent of the counterfeit goods that were caught by customs authorities in the last five years were from China, with Louis Vuitton found to be the biggest victim among reputable brands, data showed Monday. The value of imported fake goods that were uncovered between 2015 and August [...]
SEOUL, March 22 (Korea Bizwire) — Luxury fashion brands including Louis Vuitton and Hermès have continued to jack up the prices of their products in South Korea, raising eyebrows among consumers. According to industry sources on Wednesday, some Louis Vuitton items have seen price hikes at duty free shops this month, following earlier price increases late [...]
SEOUL, Nov. 13 (Korea Bizwire) — Luxury brand Louis Vuitton has fallen behind its rivals in the South Korean market, with sales dipping into minus territory this year, industry data showed Monday. Sales at a leading department store for the international fashion house for the January-October period backtracked 5.3 percent. Demand for Louis Vuitton products [...]
SEOUL, March 2 (Korea Bizwire) – Louis Vuitton, along with Chanel and Hermès, is considered in South Korea as one of the big three high-end designer brands that are typically supposed to appeal to the top one-percent. And while Chanel and Hermès continue to symbolize wealth and affluence, Louis Vuitton has recently been struggling to [...]
INCHEON, Aug. 1 (Korea Bizwire) – Since 2015, KT&G (Korea Tobacco & Ginseng Corporation) has been able to maintain a winning streak in duty free store sales at Incheon International Airport. According to airport data, KT&G product sales at Korea’s leading airport came to 103.1 billion won ($92.7 million) and 71.8 billion won, respectively, in [...]
SEOUL, July 25 (Korea Bizwire) – CLIO, a Korean cosmetics maker, revealed Monday that it had successfully secured a $50 million investment from L Capital Asia, a private equity fund formed in 2009 by LVMH (Moet Hennessy Louis Vuitton). This marks the fund’s second venture with a Korean enterprise following its investment in YG Entertainment [...]