Analysis: Brand-hungry LVMH seeks new niche as Vuitton flags

Christmas in August

A man walks with a Louis Vuitton shopping bag as he leaves a Louis Vuitton store in ParisBy Astrid Wendlandt and Pascale Denis PARIS (Reuters) – Neverfull – the name of Louis Vuitton's best-selling handbag – sums up well its parent LVMH: even if it snapped up all of the world's last remaining independent luxury brands, it would still have room for more. The French group's insatiable appetite for acquisitions has been tolerated by investors while its cash cow Louis Vuitton, which contributes half of group profit, grew revenues at a rate of more than 10 percent in the past two decades. …

Wal-Mart.com USA, LLC OnDeck