Jump to content

Why Louis Vuitton, Gucci and Prada Are in Trouble

Rate this song


Mr_Dupri

Recommended Posts

prada-gucci-louis-vuitton-in-trouble-0-6

A new report by The Washington Post has provided an explanation for why the high-fashion bigwigs are in financial trouble. Gucci’s sales slumped 1.1% in 2014, Prada’s sales dipped 1.5% last year and powerhouse LVMH has seen a sales growth slow for the first time in a while. The Washington Post argues that this is because of the consumer’s increasing penchant for subtlety; nobody wants a loud, logo-d handbag that shouts about its four-figure price tag in times of austerity. And it’s not just about modesty either, it’s about understated luxury as an increasingly prevalent fashion trend.

Read the article in full via The Washington Post.

Link to comment
Share on other sites

Leave feedback

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Leave feedback...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
×
×
  • Create New...