Word: vuitton
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...corporate terms, it is the equivalent of a high-society marriage that has unexpectedly turned up in the gossip columns. Moet-Hennessy, the esteemed producer of champagne, Cognac and perfume, agreed in June 1987 to merge with Louis Vuitton, the equally upscale maker of luggage and handbags bearing the distinctive LV trademark. After the deal was signed, the top executives of the two French firms raised champagne glasses to toast their new creation, LVMH Moet Hennessy Louis Vuitton, one of the world's largest luxury-goods conglomerates (projected 1988 revenues: $2.6 billion...
Especially since they keep sidling up to promising comic ideas. The incognito Prince meets the street paupers, who immediately steal his vanload of Vuitton luggage. The Prince discovers that even heaps of living cannot convert a slum apartment into a palace. The Prince takes a job as janitor in a fast-food joint and learns that good manners, noble bearing and even heroic action cannot overcome class distinctions. He tries to woo an uncommon commoner (played brightly by Newcomer Shari Headley) without revealing his identity, and encounters resistance from her father, who, since he is Akeem's boss, cannot help...
...often 20% to 30% cheaper in the U.S. than back home. Sometimes the savings can be even greater. A pair of Levi's 501 jeans selling for $76 in West Germany, for example, can be bought for less than half that price in Los Angeles. At the Louis Vuitton store on Manhattan's East 57th Street, where the most popular handbag sells for $295 (vs. $489 in Tokyo), nearly 50% of the customers are Japanese, and the percentage climbs to 65% at the company's Rodeo Drive outlet in Beverly Hills. Europeans, who make up one-third of the clientele...
...generations, handmade Louis Vuitton luggage and Moet-Hennessy's classic Dom Perignon champagne -- now about $1,830 for a suitcase and $50 a bottle -- have been fixtures in castles and mansions everywhere. In 1986 Moet- Hennessy sold $1.34 billion worth of champagne and other luxury goods, while Louis Vuitton rang up $291 million. Last week the two French firms, which are still family controlled, announced plans for a merger...
Ready or not, here they come. Clutching their Vuitton luggage and checking their Cartier Panthere wristwatches, wealthy foreigners are lining up with their less fortunate countrymen at U.S. Immigration desks. The new arrivals are not jet-setters here for a month-long shopping spree or speculators merely stopping off to tuck away foreign currency in U.S. investments. They are ambitious entrepreneurs and professionals ready to catch the go-go spirit, to buy homes and consider citizenship in the nation that, for the present at least, offers them attractive business opportunities and an amenable society. "Ten years ago, everything was based...