Archived posting to the Leica Users Group, 2005/01/25
[Author Prev] [Author Next] [Thread Prev] [Thread Next] [Author Index] [Topic Index] [Home] [Search]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. > > > > Copyright 2005 The Associated Press | Home | Privacy Policy | Search | > Corrections | RSS | Help | Back to Top > > > > > _______________________________________________ > Leica Users Group. > See http://leica-users.org/mailman/listinfo/lug for more information