Louis Vuitton is going further upmarket

09/26/2013 | Bloomberg Businessweek

Louis Vuitton's sales increased 10% in the past year, but profit fell almost 4%, with most of the growth coming in low-margin, low-end market categories. That's led the brand to double down on deluxe, expensive products and to buy a controlling stake in an Italian textile company that specializes in high-end fabrics.

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