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High-end brands like LVMH and Gucci-owner Kering felt the pinch in 2023—but a new type of luxury is gaining a share of consumers’ wallets Prarthana Prakash December 25, 2023 at 1:30 AM
Whether you grew up longing for a Louis Vuttion Speedy or have forever idolized Gucci and Chanel, the best luxury purse brands never fail in the arm candy department.
This fall prepare to see these seven bag trends everywhere, from elongated bags at Miu Miu and Gucci to oversize slouchy totes at Ferragamo and Loewe.
The brand's collections are present in 850 points of sale around the world, including multi-brand boutiques and department stores. In addition, Furla operates a retail network covering 50 countries with a total of 457 points of sale, including 281 direct stores, 141 franchised shops, and 35 units in airports and railway stations.
[14] [15] [16] In April 2023, LVMH became the first European company to surpass a valuation of $500 billion. [17] In 2023, the company was ranked 47th in the Forbes Global 2000. [18] LVMH controls around 60 subsidiaries that manage 75 luxury brands.
The company is part of the luxury group Kering. In 2023, Bottega Veneta's revenue reached 1.6 billion euros. [3] In October 2023, Bottega Veneta inaugurated the Accademia Labor et Ingenium which offers artisanal training programs taught by the brand's master artisans for external students, and new and existing employees. [67] [68] [69]