It is a sure sign that the good times are back for some with sales of Louis Vuitton luxury goods here soaring more than 50% to €8m last year. Part of the multi-billion stockmarket-listed LVMH Moet Hennessy luxury brands company, Louis Vuitton is the world’s most valuable luxury brand.
It also has Dior, Givenchy and Moet & Chandon in its extensive luxury goods portfolio. The Paris-listed shares have risen over 12% this year.
New accounts for the Irish arm of Louis Vuitton show that profits skyrocketed here to over €1.76m last year.
Sales of Louis Vuitton goods increased by €2.7m to €8m in 2015. One of the brand’s most sought-after range of bags, the ‘City Steamer’ sells for up to €3,709.
The brand which has been endorsed by Bono and Angelina Jolie also sells watches, accessories, jewellery, shoes and ready-to-wear clothes. The jump in sales and profits is further evidence of a recovering economy, but will jar with the current volatile industrial relations climate.
Louis Vuitton opened its first store here at Brown Thomas in Dublin in 1999.
The directors of Louis Vuitton Irish arm say they plan to pay a dividend of €1.55m this year, up from the payout of €828,000 in 2014.
Ireland soccer captain Seamus Coleman recently hit out at what he said was the current culture of young soccer players coveting Louis Vuitton wash bags.
“If I see a footballer with a Louis Vuitton wash bag I wonder what that does to others. If you are the only young lad in the changing room without one then you feel that pressure that you need to go out and get one. Even if you don’t want one or even like one,” he said.
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