In October of this year LVMH put out a press statement that it was projecting a marketing slowdown for the luxury handbag market. The French company, better known as Louis Vuitton, stated that it was realized a slowdown in its own luxury goods division which was due to an overall market softness. Louis Vuitton’s projects may have been biased by the fact that it was suffering its own internal problems at the time with .
For the past three years, the French fashion company Hermes has been staving off the attempts of its larger competitor LVMH, or Moet Hennessey Louis Vuitton, as the former tries to takeover the latter. While LVMH has had its hand in nearly every luxury and fashion product available to sell, ranging from suits to champagne, Hermes is renowed above all else for their handbags. The grapple between these two companies has had its fair .