Shocker: Louis Vuitton Gets Richer

LVMH reports their sales rose 7% this quarter, but does that mean more people are buying their stuff? Maybe not. Besides creeping price hikes in almos
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LVMH reports their sales rose 7% this quarter, but does that mean more people are buying their stuff? Maybe not. Besides creeping price hikes in almos
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LVMH reports their sales rose 7% this quarter, but does that mean more people are buying their stuff? Maybe not. Besides creeping price hikes in almost all their accessories, Louis Vuitton also introduced one of the world's most expensive bags this season. It costs about $50,000 which means that only 21 would need to be sold in order for the company to make a million dollars. Despite its over-the-top appearance, the bag is so hyped and so bizarrely historical, it must have a following among some misguided members of the super-elite. Is this the bag that pushed LVMH's sales to new heights? Or are we all just too addicted to Marc by Marc's jelly flats?