Luxury brands hit by slower sales
Louis Vuitton and Chanel were the only big luxury brands to increase in value last year, according to a survey. |||
Paris – Louis Vuitton and Chanel were the only big luxury brands to increase in value last year as the industry grappled with slowing sales in China and Russia, research company Millward Brown said on Wednesday in the 2015 BrandZ study.Vuitton gained 6 percent to $27.4 billion, placing LVMH Moet Hennessy Louis Vuitton SE’s biggest brand atop the luxury ranking for the 10th straight year. Chanel’s value rose 15 percent to $9 billion, propelling it …read more
Source: Independent Online
