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For six consecutive years (2006–2012), Louis Vuitton was named the world's most valuable luxury brand. Its 2012 valuation was US$25.9 billion. [7] In 2013, the valuation of the brand was US$28.4 billion with revenue of US$9.4 billion. [8] The company operates in 50 countries with more than 460 stores worldwide.
In July 2002, a jewelry and watch outlet opened on Madison Avenue. Within months, a 1,000-square-foot (90 m 2) shoe/handbag boutique opened next door. Chanel continued to expand in the United States and by December 2002, operated 25 U.S. boutiques. [9] The Chanel flagship store at Prince's Building, Hong Kong
Inspired by the straps found on soldiers' bags she added thin straps and introduced the resulting design to the market in 1929. [1][2] After her successful comeback to the fashion industry in 1954, Chanel decided to update her handbag. The resulting design was called 2.55 after the date of creation, February 1955. [1]
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Karl Otto Lagerfeldt [1] was born in Hamburg on 10 September 1933 to Elisabeth (née Bahlmann) and Otto Lagerfeldt.His father, coming from a family of wealthy wine-merchants, was a prosperous businessman and polyglot, speaking nine languages; [7] [8] his father owned an import company (Lagerfeldt & Co.) specialising in evaporated milk, leading him to work with the American dairy company Carnation.
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