Louis Vuitton, publicly owned and headquartered in France, was founded in 1854 and employs approximately 18,000 individuals. Operating as a luxury fashion house, its parent company is LVMH. The company specializes in retail luxury goods and jewelry, producing a range of items from luxury bags and leather goods to ready-to-wear, shoes, watches, jewelry, accessories, sunglasses, and books. It distributes these products through its standalone boutiques, high-end departmental stores, and the e-commerce section of its website.
An insider at Louis Vuitton denied reports on August 21 that the Beijing Intellectual Property Court dismissed the luxury goods giant’s lawsuit against the China National Intellectual Property Administration, stating the case is ongoing. Previously, on August 20, Louis Vuitton launched its first La Beauté Louis Vuitton beauty collection, a collaboration between Artistic Director of Women’s Collections Nicolas Ghesquière and Creative Director Cosmetics Dame Pat McGrath DBE, featuring products such as $195 lipsticks and $340 palettes. On the same day, Louis Vuitton announced its plan to close its sole store in Guizhou province, located at the Lavant Center in Guiyang, on August 31, marking its exit from the Southwestern Chinese hub. Earlier on August 20, Louis Vuitton and Singer Vehicle Design unveiled two bespoke Porsche 911 cars, the Classic and the Classic Turbo Cabriolet, inspired by a Louis Vuitton clock, a collaboration noted as a first in the brand's 172-year history.
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