I was interviewed by Lauren Sherman of Forbes for the article that she wrote called, “How to Avoid Online Auction Scams”.  She gives goes over some of the risks of buying luxury goods online- and how to avoid them.

Of course, one of my favorite quotes:

“…if you love luxury goods and appreciate a decent discount, the auctioneer still offers great deals through formidable sellers like Davis. ”

If you’re interested in the article in Forbes today, take a look….

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Forbes just reported on the World’s Most Powerful Luxury Brands (Millward Brown uses the BrandZ database to rank the Top 100 Most Powerful Brands from a list of 50,000 worldwide brands). Check their “In Depth” report on the top ten…

1. Louis Vuitton
2. Hermes
3. Gucci
4. Cartier
5. Chanel
6. Rolex
7. Hennessy
8. Armani
9. Moët & Chandon
10. Fendi

I love the intro:

Instead of focusing on American film stars to help sell their flash-in-the-pan looks, the company–owned by billionaire Bernard Arnault’s French conglomerate Louis Vuitton Moët Hennessy (LVMH)–has gone back to basics, targeting its original customer: the jet-setter. Why? In this fickle economy, it’s likely more customers are looking for useful goods, not trendy bags. So, this time around, the company’s pushing its 154-year-old luggage collection–and using a retirement-age rocker with a questionable past to do it.

But the whole article’s worth the read.

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(Yves Carcelle, LVMH Chairman & CEO)

While the dollar flounders, house values plummet and folks from the very top are no longer only whispering rumors of a US recession… Louis Vuitton again posts huge gains in first quarter sales.

LVMH reported 5.3% gain first quarter. They saw growth in every catagory but wines and spirits (folks must be resorting to cheap liquor to drink away their economic woes). Watches & Jewelry rose 11.6% with $332.9 million in revenue.

But, my personal favorite- the fashion and leather goods group reported the highest revenue. With all the price increases we’ve seen in the last year, I am not suprised. Fashion and leather goods rose 7.1% to $2.3 billion.

Interesting quote:

“But it’s not as if the economy hasn’t affected LVMH altogether. If the euro wasn’t so strong compared with other currencies — particularly the dollar — revenue would be much higher. There’s little doubt the brands have lost some aspirational customers — those who buy small items like Louis Vuitton keychains, or J’Adore Dior perfume. The company plans to combat this by continuing to expanding in emerging markets, particularly China and Russia.”

Read the article from Forbes…
From FoxBusiness…
From Marketwatch…
From Bloomberg…
From Reuters… 

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