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So let’s move Slide 2, and I shall start louis vuitton leather briefcase with revenue for the first half. As you may see we ended the semester with most of our business groups in the positive territory. louis vuitton mens tote bags You will note that published growth is lower than organic growth, despite roughly 2% positive perimeter impact, stemming from the first time consolidation of Loro Piana. We suffered an adverse currency impact of about 4% with 4% drop in the dollar and an 11% drop in the year. Chris will comment main business groups in more details but the main points to be reminded are as follows. Fashion and Leather is up 4% in louis vuitton shoulder bag real or fake organic terms with heavy impact from Japan which we shall discuss in a moment. Perfume and Cosmetic is up 6% in organic terms. You see most, if not all market performances in its main geographies. Watch and Jewelry is a bit under pressure in the first half particularly with regards to the watch component of the business. And finally Selective distribution is showing a very strong performance with 9% growth in louis vuitton agenda pm organic terms.

But when a fashion house or luxury brand buys its own hotel or puts a designer’s name above the door in foot high letters, the stakes are higher. Many social theorists and marketing consultants, including pollster John Zogby womens louis vuitton watches and entrepreneur Graham Hill (founder of two lifestyle simplification websites), said these millennials often get more excited about racking up experiences than accumulating possessions.Status symbolism is evolving, and “your reputation is more digital,” said Hill, citing Facebook and Instagram .

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