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The Louis Vuitton label was founded by Vuitton in 1854 on Rue Neuve des Capucines in Paris. [21] Louis Vuitton had observed that the HJ Cave Osilite [22] trunk could be easily stacked. In 1858, Vuitton introduced his flat-topped trunks with Trianon canvas, making them lightweight and airtight. [21]
In 2022, Louis Vuitton announced a €1 million donation to UNICEF to help the Ukrainian victims of the Russian invasion. [107] On 2 March 2022, LVMH Group pledged €5 million to the Red Cross to those affected by the war. [108] [109] In addition, the company closed 124 of its stores in Russia. [110]
Crocodile skin is primarily used in the production of handbags and other luxury items such as shoes, belts, wallets, upholstery, and furniture. For these products, Freshwater, Saltwater, Nile and Caiman are used because of the superior quality of skin which when tanned has an aesthetic finish. [5] Not all these skins are valued the same.
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Examples include LVMH, the largest luxury goods producer in the world with over fifty brands (including Louis Vuitton) [40] and sales of €42.6 billion in 2017, [41] Kering, which made €15.9 billion in revenue for a net income of €2.3 billion in 2019, [42] and Richemont.
Counterfeit sports shoes Counterfeit Rolex watches. According to the Organization for Economic Co-operation and Development (OECD) in 2016, Ray-Ban, Rolex, Supreme and Louis Vuitton were the most copied brands, with Nike being the most counterfeited brand globally. [41]
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