Sell Louis Vuitton Boca Raton – Forbes List 2013

Every year Forbes comes out with their richest people in the world list.  This year Mexican Carlos Slim Helu topped the list with a net worth of $73 billion!  Others in the top five include famous investor Warren Buffet, Microsoft founder Bill Gates, and owner of the clothing line Zara, Amancio Ortega.  However, the person I found most interesting was number 10, Bernard Arnault.  He has a majority state in the company LVMH which stands for Louis Vuitton Moet Hennessy.  Even though most of the world is facing a recession, a luxury brand company like LVMH has kept itself relevant.  Sell Louis Vuitton Boca Raton.

Louis Vuitton was founded over 150 years ago by, who else, Louis Vuitton.  Since their beginning they have set the standard in the luxury goods market.  Today, they have revenue of over 3.2 billion Euro.  They sell a lot of handbags, shoes, accessories, and more.

They say the biggest compliment you can receive as an innovator are copy cats.  Louis Vuitton is one of the most copied luxury brands on the market.  Go to China Town in New York and it won’t take you long to find a knockoff LV bag or Rolex watch (the other brand most people copy).

Louis Vuitton faces a lot of diversity.  They have to justify their very high retail prices with the fact that they produce so many items.  Usually the price of something goes up because the supply goes down, but in LV’s case their supply stays high along with their prices.

by, Seth Marcus at Boca Raton Pawn