officer Jean-Jacques Guiony said

offering back in June 2011 Discount Gucci, and Michael Kors followed suit to much fanfare that December with a buzzed-about IPO that raised $944 million. As of late, brands such as Tory Burch, J Brand, Valextra and Furla have all been floated as the next big fashion IPO. Clearly, Marc Jacobs dwarfs them all. According to WWD, "LVMH b Zuma's residence in Nkandla will be released next week.for more than half of LVMH’s earnings, is slowing retail expansion, including more precious materials in its collections and adding products with fewer logos in an effort to appeal to the wealthiest shoppers. Such initiatives would take "at least another 12 months" to produce tangible results, Allegra Perry, an analyst at Cantor Fitzgerald, said after the report. Although the reaction of clients to Louis Vuitton’s new soft leather-product ranges is "very good, in terms of impact on global sales it’s not a major thing", chief financial

 officer Jean-Jacques Guiony said. adding that the brand’s organic revenue growth was "slightly below" the fashion and leather-goods division’s 3% rate last quarter. The transition "is going to  affordable Chanel bagtake some time". The stock dropped as much as 6.7% to ¤135.15. That decline was the steepest since September 22 2011, and wiped out the gains for 2013. Louis Vuitton introduced bags such as the Capucine bag, which has been worn by actress Angelina Jolie, and the W, a combination of a canvas and calfskin leather purse that can sell for $4,000. LVMH’s fashion and leather-goods growth "is very disappointing following significant excitement" around these bags when they were introduced, said Julian Easthope Public Protector Thuli Madonsela said her investigation into allegations of improper conduct and maladministration is nearly complete. Her office is probing whether there was any irregular expenditure in the upgrades, which cost more than R200-million. Madonsela

spoke to eNCA on Monday about her a mission to cheap Chanel handbagsmake government more accountable with the launch of National Good Governance Week. She's urged communities to play their part in holding government to account, adding that good governance is about putting the needs of the ordinary person firstofficials believe the Marc Jacobs business could explode given sufficient investment and support, including the undivided attention of Jacobs and Duffy." Duffy's Vuitton contract is also set to expire in 2014 along with Jacobs'. So what will an IPO mean for the company we all know and adore -- and what will happen to Louis Vuitton? That remains to be seen. Keep your eyes peeled as Vuitton seeks to fill Jacobs' very large, very stylish shoes and