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Louis Vuitton is one of the most counterfeited brands in the fashion world due to its image as a status symbol. Ironically, the signature Monogram Canvas was created to prevent counterfeiting. In 2004, Louis Vuitton fakes accounted for 18% of counterfeit accessories seized in the European …
Nov 10, 2019 · PESTLE Analysis of Louis Vuitton analyses the brand on its business tactics. Louis Vuitton PESTLE Analysis examines the various external factors like political, economic, social, …
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no FX fee credit cards
Purchasing a handbag in a foreign currency typically leads to a currency conversion charge of 2-3% by your bank/credit card provider. As such, make sure to use a no foreign exchange fee credit card (if possible) to avoid this charge.
vat/gst refunds
VAT (Value-added Tax)/GST (Goods and Services Tax) are particularly high in Europe, ranging between 15-25%. If you are a visitor to the EU, you are likely to be able to claim back the VAT which would be a huge saving! Similar refund options are provided in many other countries around the world. Inquire with the retail store directly on the process. Most will use the services of Global Blue or a similar tax refund company.
USA / Canada sales taxes
Be aware of retail prices in the USA and Canada. In these countries, sales tax is added to the advertised handbag price (varies by province/state/region e.g., 8.875% in New York City). This in contrast to most other countries where taxes are already included in advertised retail prices.