Burberry holds steady, LV sags

The news that the latest first-quarter results for Burberry and LVMH (French luxury goods conglomerate Louis Vuitton Moet Hennessy) are experiencing mixed fortunes in the east, probably comes as no surprise. How many very English trenchcoats can you sell for US$2,500 (HK$19,410) in China? It’s always been a mystery to me how a brand, which when I was growing up in the seventies, was the damp day uniform for everyone’s mother and grandmother in the countryside, could turn into a fashion icon now.

via Business feed http://www.scmp.com/comment/blogs/article/1222920/burberry-holds-steady-lv-sags