Louis Vuitton, the ultra chic French handbag maker, has reported it's smallest revenue increase in 7 quarters of it's monogrammed handbags division. Growth predictions for the first 9 months of 2006 were 12% but gains were actually 10%, in spite of a jump in spending for advertising and an expansion of Louis Vuitton signature stores across the world.
In reaction to this announcement, shares in the company dropped 2.4 percent. On a brighter note, sales of their mini-monogrammed signature leather goods is on the increase and predictions for the Christmas season is high.
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