Archived posting to the Leica Users Group, 2005/01/25

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Subject: [Leica] News From LVMH...Part of Which I SWear I Did Not Invent!
From: ruben at rhodos.dk (Ruben)
Date: Tue Jan 25 14:03:20 2005
References: <20050125202143.TOYO1106.out003.verizon.net@outgoing.verizon.net>

meaning that so far the Leica M will stay with a max 135 mm lens but no one 
knows what will happen with the focal lengths once Leica is sold to the 
fallic Group ????
----- Original Message ----- 
From: <buzz.hausner@verizon.net>
To: "Leica Users Group" <lug@leica-users.org>
Sent: Tuesday, January 25, 2005 9:21 PM
Subject: [Leica] News From LVMH...Part of Which I SWear I Did Not Invent!


> Below is a story from "The New York" times regarding LVHM's strategic 
> future.  I swear, I did not make up the "Falic Group."  Honest!
>
> Buzz Hausner
>
> ------------------------------------------------------------------------
> --------
>
> January 25, 2005
> LVMH Sells Fashion House to Falic Group
> By THE ASSOCIATED PRESS
>
> Filed at 2:49 p.m. ET
>
> PARIS (AP) -- LVMH Moet Hennessy Louis Vuitton SA has sold its Christian 
> Lacroix fashion house to U.S.-based Falic Group, a spokeswoman for the 
> French luxury goods giant said Tuesday.
>
> LVMH spokeswoman Florence Scheller said the deal ``confirms LVMH's 
> strategy of concentrating on its star brands which have the most growth 
> potential.'' The group's most profitable brands include Louis Vuitton and 
> Christian Dior.
>
> Scheller refused to disclose the financial terms of the deal.
>
> LVMH has been disposing of its less profitable brands for some time and 
> had already sold U.S. cosmetics brands Hard Candy and Urban Decay to the 
> Florida-based Falic Group, which has interests in the fashion, luxury 
> goods and duty-free retailing sectors.
>
> But the sale of Christian Lacroix is a big step for LVMH's chairman and 
> controlling shareholder Bernard Arnaud, who helped found the label 
> together with its namesake designer in 1987.
>
> It also comes at a time when many fashion houses are struggling to make 
> money from their expensive and original haute couture ranges. Scheller 
> declined to say what if any guarantees the deal included for Christian 
> Lacroix's haute couture production.
>
> A person familiar with the sell-off talks said Falic made Lacroix an offer 
> to remain at the label and continue designing haute couture but said the 
> offer had yet to be accepted and terms negotiated.
>
> ``The financial conditions that Christian Lacroix demands will be an 
> important element of the negotiation,'' said the person, who spoke on 
> condition of anonymity.
>
> ``Either way (the Falics) want the brand, with or without the haute 
> couture,'' the person said.
>
> Tuesday's announcement came hours after Lacroix presented his 
> Spring-Summer haute couture collection in Paris.
>
>
>
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In reply to: Message from buzz.hausner at verizon.net (buzz.hausner@verizon.net) ([Leica] News From LVMH...Part of Which I SWear I Did Not Invent!)