Archive for November, 2009
Only two decades ago, China was a poor agricultural country; now it becomes the third-largest economy in the world, with a GDP of more than $2, 108 billion in 2006. Experts forecast that by 2020, China will be the world’s largest economy.
1, China’s pharmaceutical market
The has shown impressive growth in recent years, in tandem with the country’s rapid economic expansion. In the past twenty years, China’s pharmaceutical market has an averaging between 18 - 20% growth, significantly higher than US and European growth during that period (7 - 9%). The total pharmaceutical market is expected to grow to $27. 7 billion by the year 2005, to become the world’s largest pharmaceutical market by 2020.
2, China’s pharmaceutical industry
China has a large domestic pharmaceutical industry, providing 80% of China’s pharmaceutical consumption. In 1995, approximately 3,000 domestic state pharmaceutical enterprises produced a total output of $12 billion, of which more than $3 billion was exported, according to the State Pharmaceutical Administration of China (SPAC). The Chinese pharmaceutical industry has increased in value with an annual average growth rate of 16. 72% over the last few decades.
However, the industry is still small-scale, with a scattered geographical layout, duplicated production processes, and outdated manufacturing technology and management structure. The Chinese pharmaceutical industry also has a lower market concentration and weak international trading competitiveness, coupled with a lack of patented pharmaceuticals developed in-house.
As China joins the World Trade Organization (WTO), it needs to integrate more completely into the global economy. The international competition will place an intense pressure on the Chinese pharmaceutical industry and further open the door to a lucrative market for non-Chinese companies, especially for pharmaceutical producers and manufacturers. Accession to the WTO binds China by fundamental WTO principles, such as improved transparency and the strengthening of commercial legal procedures. China’s WTO commitments include the tightening of rules on intellectual property, tariff concessions, and market access of non-Chinese service suppliers engaging in the distribution of pharmaceuticals. All such moves create additional business opportunities for non-Chinese pharmaceutical companies in China, and in turn, place an intense pressure on the Chinese pharmaceutical industry.
So, over the past few years, Chinese pharmaceutical firms have been merging to improve economies of scale, concentrate resources, and increase competitiveness through vertical integration. Many large, state-owned pharmaceutical companies are also transforming their ownership structures into joint ventures or public companies to become more efficient. According to the SPAC, China aims to become the world’s leading producer of pharmaceuticals and medical devices and instruments in the first half of this century.
3, China’s pharmaceutical foreign trade
In recent years, many Chinese pharmaceutical enterprises take part in the international pharmaceutical market. They not only export patent medicine but also assist their global partners in shortening the cycle and lowering the cost of drug discovery and development by providing cost-effective and efficient outsourcing solutions, for example, pharmaceutical intermediate. Some Chinese pharmaceutical companies even appear in the Nasdaq market successfully, such as WuXi PharmaTech (WX. NYSE) and Simcere Pharmaceutical Group (SCR) etc.
Electronic commerce is introduced to the pharmaceutical enterprises. is one of the most famous B2B website in China. It provides various trade leads including pharmaceutical information among China factory, manufacturers, suppliers, and global buyers.
The pharmaceutical trade shows supply the platform to the leading manufacturers, suppliers and buyers both at home and abroad. Many pharmaceutical companies attend the China International Medical Equipment Fair (CMEF), China International Oral Care Technology & Equipment Exhibition and Shanghai International Medical Equipment and Furnishment Exhibition ?IMEFE? and so on. CMEF is Asia Pacific’s biggest exhibition serving the entire value chain for the medical devices market. China International Oral Care Technology & Equipment Exhibition is organized by the China Oral Care Industry Association, Exhibition Center of China Light Industry. The Show covers oral care products, raw and auxiliary materials, packaging materials, manufacturing and packaging equipment, oral medical equipment and materials.
4, China’s pharmaceutical market trend
First, the price of pharmaceutical products will continue to decrease steadily. In June 2004, the price of 400 antibiotics in 24 categories, including penicillin, was reduced by, on average, 35%. The total value affected by this reduction was US$42 million. The central government has been playing a significant role in pharmaceutical price readjustment. According to industry experts, future price reductions will originate from hospital pharmaceutical retail shops.
Secondly, the rural pharmaceutical market will shift significantly. According to Information Times, 80% of counterfeit products are consumed in rural areas. This provides a huge opportunity for pharmaceutical companies to develop the market in rural areas.
Thirdly, China will become the largest pharmaceutical R&D base in the world. In recent years, more and more western pharmaceutical enterprises, such as GSK, Roche, Novo Nordisk, etc, have come to China and set up R&D centers. Twenty world leading pharmaceutical companies have established joint venture manufactories in China. Some have even set up sole propriety manufactories. Currently, amongst the largest 500 overseas enterprises, 14 of them are pharmaceutical companies.
The fourth trend is that foreign enterprises will begin an OTC price war in future years. Based on expert analysis, foreign enterprises have been closely monitoring the expanding OTC market. In September 2003, German Mike Company began its OTC project in China.
Whenever and wherever you went, it is a must-have outfit that having a comfortable shoes on your feet. I think it is known for every person that inappropriate shoe is harmful to people’s body. So if you buy shoes for yourself, you parents or a friend, you must ensure the shoes which you choose is suitable. Prada Shoes is one brand of your best choices.
Prada shoes are well-known of their unique designs and innovative styles. They are also made with first-rate workmanship to deeply attract people’s attention. Prada shoes are suitable for all walks of life and people of all ages. So if you are interested in Prada shoes, do not hesitate to it, just do a try, you will find its good soon. Prada shoes even suit women who are fashon lovers and in pursuit of beauty. It is the best outfit in daily life.
Prada shoe was created before 100 years, it has many various styles for both men and women. Its clear lines, simple colors and luscious leathers are known all over the world. In addition, Prada shoes are especially emphasize on their chic and delicacy. If you need to attend a friend’s birthday with unwilling to wear high-heeled shoes, at this time, you can choose to wear a pair of Prada shoes. Both its shape and comfort are your right choice and ideal ornament.
Before you buy Prada shoes or other branded name shoes, you should keep these points in mind. Firstly, you can seek for some materials online to determine which brand if your favorite, and know your shoe’s size is also important. Secondly, you should match new shoes with your personal taste. Thirdly, are you keen on white or black? Hence, Color is one factor of choosing shoes. Fourthly, remember to choose suitable styles. Finally, but not the last one, you should consider its pattern, comfort, the latest trend and so on. I hope these suggestions can give you some help and good luck for you!
Author: vivio tang
Breastfeeding is one of the main concerns for any mother. Especially with work schedules and the baby’s day to day activities, sticking to a proper breastfeeding regime may be tough. Doctors all over the world vouch for the benefits that breastfeeding has for the mother and child. It helps immensely for the baby’s immunity as well.
• Some babies take to breastfeeding with ease while some need a little coaxing. Whatever the scenario may be never panic. It’s important that the mother and baby bind and get to know each other. This may sound strange but babies that bond well and get used to their mother’s body and warmth will have fewer problems with breast feeding.
• As far as possible, try avoiding artificial nipples and sleep with the baby in the same room in the beginning. This way you get used to the baby and the baby gets used to your presence and breathing.
• Place the baby at your breast without much of a time gap after the birth. If it’s a normal delivery some doctors will allow nursing right in the delivery room.
• As you know all mothers and children get accustomed to the same sleep pattern and rhythm. When it’s feeding time after a few days the mother will wake up automatically. Crying is not the only sign of hunger for a baby. The baby may get fidgety, start stretching, wriggling and the baby’s breathing may also change.
• A baby who has been crying for some time before being tried on the breast may refuse to take the breast even if he is ravenous. Mothers and babies should be encouraged to sleep side by side in hospital. This is a great way for mothers to rest while the baby nurses. Breastfeeding can be relaxing, not tiring.
• Breastfeed the baby for as long as they want. You should ideally feed a new born baby 12 times a day. Some feedings maybe just for a few minutes while some last an hour. If the baby is crying don’t feed her then and there. Calm her down and try again. The baby will not latch on well and may also choke if she is agitated.
• Always be in a comfortable position while breastfeeding. Support your back and arms and have a rest under your feet to avoid any body aches and pains later. Take the baby close to you and make sure his head is not arched too much and he can reach the breast with ease. Don’t let your breast touch the baby’s chin.
You’ll learn with your baby how to breastfeed. Don’t be apprehensive; you just have to trust your instincts and your baby! To learn more about breastfeeding or using a pregnancy calculator you can visit www. mumzone. com. au.
In this highly competitive world, one has to keep in pace with the advancing technology and everything that goes around in one’s country and around the world. Be it through newspapers, television, radio or the latest news hub, the internet, one should always follow the current news. Latest in politics, sports, entertainment world, crime, everything constitutes a perfect daily doze of current news. Most of the people remain content by following up all the regular dailies concentrating on the top bollywood news or stick to those news channels which broadcast nothing but entertainment. And the fact is that many news channels have swarmed up. Petty bollywood issues constitute the top news India. Latest in India news is abuzz that the entire world has applauded India for having made great scientific discovery of water on the moon. This also highlights the fact that slowly and steadily, India is strengthening its hold in every sector be it science, technology, information, sports or anything else. Moving on towards the sports desk, India’s win in the World Wrestling Championship in Herning by the wrestler Ramesh Kumar has taken the entire country by surprise and awe. The bronze has marked yet another beginning in the wrestling world after India won its first medal after a long gap of 32 years. The business world is slowly recovering its usual glitter and pace; however, inflation further rose to 0. 37 per cent owing to increase in the prices of prominent food items. Food products like mutton, spices, wheat, maize, sugar, mustard oil and gur got costlier in the receding week. What has fetched relief to the common people in this disastrous phase of turbulent economy is that Housing Development Company Ltd has ventured into affordable housing segment. The announcement to begin a novel project New Haven, a national brand, has brought smiles on a millions of faces. Following its footsteps, Tata Housing has also marked its entry into the low budget housing segment through Shubh Griha. Overall, the top news India remains a mixed bouquet of everything that is good and bad too, nonetheless is current news.
Louis Vuitton king of the handbag and purse, can now boast another huge name in its roster of celebrity associates: Kanye West. The famous rapper is bigger than big these days, and his announcement is certainly to add to Louis Vuitton’s pop culture cachet, not to mention their coffers. His plan is to release both a men’s and women’s line of shoes by the fall. There’s no hint yet of what the shoes might look like. Everyone’s being fairly secretive about the Kanye Louis Vuitton design. With a Louis Vuitton handbag or even a Louis Vuitton purse, we would probably have a better idea of what to expect. But with West-designed shoes, who knows? All we can say is that they’re bound to be highly stylish. The rapper is well known for his fashion consciousness, and he even made the announcement last week in Paris, dressed entirely in clothes from his own line.
Louis Vuitton, aside from being a purse, sunglasses and handbag giant, is well known for enlisting stars from unlikely artistic spheres to help design and sell their product. Most famously, Takashi Murakami has been an LV collaborator for the past few years, and designed the now ubiquitous Louis Vuitton Multicolor Monogram ogo. Murakami even worked with Kanye on the cover of his album “Graduation. ” My, what a tangled web they weave!
The handbag and the purse are what Louis Vuitton does best, but it seems that more and more they are adept at tapping into new markets and new talent pools using the hottest stars of the day. So stay tuned for Kanye’s shoe designs – we’re all waiting in anticipation for them.
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In the NFC, the Arizona Cardinals and Kurt Warner defeated the Philadelphia Eagles and Donovan Mcnabb with a score of 32-25 and finally book their place to Tampa by winning the division championship crown. They will have to face the Pittsburgh Steelers led by quarterback Ben Roethlisberger who showed their superiority over the Baltimore Ravens and Joe Flacco with a final score of 23-14. Here are some vital football facts that are interesting to recall come Super Bowl Day. The Super Bowl final is a game of surprised finalists. But this match can draw in the crowds. People may want to check out the Cardinals or they may go to the more established franchise with the Steelers. The Cardinals are the first No. 4 seed to host an NFC Championship game and are seen to be the underdogs. The Steelers are a big franchise with so much history and are gunning for their sixth Super Bowl. Both are not known to be exceptional teams in running offenses and have average rushing yards totals. The teams do not have a long standing history of matches played against each other where in they can pick up pointers when it comes to offensive tactics and defenses that each team can anticipate to throw against each other. Injuries shall also be a key factor between the two sides. The Cardinals have to monitor linebacker Travis LaBoy who aside from battling an ankle injury for almost a month, has picked up a biceps injury and his status is up for evaluation. Others in the Cardinal squad who are not 100 percent but are looking forward to the two week break to give their bodies the time to recover are defensive end Antonio Smith with a right knee injury, Anquan Boldin, who has a bad hamstring and punter Ben Graham who played last Sunday with a groin injury. For the Steelers, wide receiver Hines Ward sprained his right knee, Mewelde Moore has an ankle sprain and safety Ryan Clarke may have suffered a concussion. When it comes to defenses, particularly blitzing, Cardinals QB Warner was the best quarterback in the league in escaping the blitz. He made 134 of 208 attempted passes for a total of 1,645 yards and 14 touchdowns during blitz situations. He has the skill to throw the ball quickly and shows enormous courage when in the pocket while for his receivers to be free from their markers. The Steelers meanwhile do not have a quarterback who is exceptional at blitzes like Warner. Roethlisberger has compiled 95 of 180 for 1,158 yards with five touchdowns and five interceptions against blitzes in the regular season. He even has 29 sacks in 209 dropbacks during the regular season. As of Super Bowls of the past, the most interesting match up shall be against the quarterbacks. A team’s success and demise shall depend on how they play. Warner for the Cardinals will be the experienced one but Roethlisberger shall have the opportunity to join the ranks of the top quarterbacks in history. Warner has stats of 8-2 playoff record, has 22 touchdowns at this time with 13 interceptions. Roethlisberger is 7-2, has already won a Super Bowl before and is going for his second. If you are an American football NFL fan, don’t miss this. Catch the live Super Bowl scores at scorespro. com/football.
Woodruff’s approach seemed very promising at first. He went to four different continents and countries in order to assess the global impacts of China, the countries being Angola, Brazil, Cambodia, and the United States.
The Angolan segment highlighted China’s economic development model in Africa. The myth perpetrated in this segment is that the development has actually provided a net benefit to the people of Africa.
In fact, the real truth China is practicing a very sophisticated 21st century version of imperialism in which China loans African countries billions of dollars in exchange for encumbering natural resources. These resources range from oil and natural gas to copper, cobalt, and titanium. As part of its debt encumbrance strategy, China gets to reduce its unemployment rate by using a large Chinese construction workforce to actually do the work – rather than relying so much on the native population.
In this segment, Woodruff makes repeated references to corruption. However, in a glaring omission, he fails to make explicit just how much of the billions in Chinese aid is actually siphoned off into offshore bank accounts held by the African elites. Nor does Woodruff highlight the intense poverty in the countriesChina is supposed to be “benefiting” — other than offering a few images of slums.
That said, the absolute worst omission of the African segment is Woodruff’s failure to mention the Darfur genocide in the Sudan. Instead, the only thing we get is a passing reference to Chinese aid to the Sudan in exchange for oil. In fact,China regularly trades its veto power at the UN for African resources in exchange for shielding African despots from UN interventions.
What made Woodruff’s omission all the more galling is that Woodruff did an extensive interview with China’s United Nations Ambassador Wang Guangya. This is the same reprehensible “diplomat” who has repeatedly blocked UN action on Darfur. (Wang also has blocked action following the sham Zimbabwe election and the attempts of the West to sanction Iran for its nuclear development). The failure to confront Wang on the Darfur question was tantamount to appeasement — or, far worse, simple ignorance.
Woodruff’s omissions were equally in evidence in his Brazil segment. The theme Woodruff drew here is that China’s increasing consumption for soybeans is leading to deforestation of the Amazon and potential environmental problems. The biggest problems with this segment were a lack of visual imagery to portray the destruction of the Amazon, and the lack of science and statistics to explain how deforestation in the Amazon is likely to affect the global environment and crop production.
In fact, most of the Amazon’s deforestation occurs during the dry season in an orchestrated slash and burn campaign that fouls the skies throughout South America. Showing that massive environmental carnage — instead of a few big trees being felled — would have made for a far stronger presentation. Missing, too, was any good explanation of why we should care about the Amazon. In fact, theAmazon River basin and its rainforest are absolutely critical to the global ecology because they are considered to be the “Lungs of our Planet. “ By recycling carbon dioxide, the rainforest in particular provides more than 20 percent of the world’s oxygen.
Already, more than 20% of the Amazon rainforest has been destroyed while the World Wildlife Fund warns that more than half of the forest will be gone by 2030. According to many scientists, this destruction of the rainforest has the potential to create severe drought conditions not just in South America but also as far north as the American and Canadian farm belts. The result may well be a global food crisis — high irony indeed given that the destruction of the Amazon rain forest is occurring in the name of increased food production.
Turning to the third segment on Cambodia, Woodruff does a good job tagging the Chinese with at least some responsibility for the Khmer Rouge genocide of millions. Missing in this segment, however, was any insight into the real reason why China is setting up so many sweat shops in Cambodia. Too bad Woodruff didn’t get his cameras into some of these sweat shops to expose the slave labor conditions!
My other big beef with the Cambodian segment was the failure of Woodruff to mention how China is using its upstream positioning on the Mekong River to dam that river with bullying impunity. China’s dam-happy Mekong River design will eventually include 15 mega-dams. These mega-dams are likely to create economic and environmental effects that are vast and far-ranging — and Cambodiais at the front lines of this onslaught.
To understand the problem, consider the impacts of China’s dams on one of the world’s most fascinating ecological treasures, the legendary Lake Tonle Sap in Cambodia. For much of the year, the lake is only a yard deep with a footprint of only a bit more than 1,000 square miles. During the rainy season, however, flow from the Mekong River helps deepen the lake to roughly 30 feet and increases the area of the lake more than five-fold. This turns Lake Tonle Sap into one of the best breeding grounds for fish in the world.
The obvious problem facing the Tonle Sap is that the China’s mega-dams are evening out the flow of water and thereby preventing the world’s most fertile natural fishery from realizing its full depth and breadth in the critical fish breeding season. Already, fish catches have declined dramatically. This is already having a significant negative effect on Cambodia’s fishing economy.
Woodruff clearly saved the worst for last in his discussion of the impacts of Chinaon the American economy. He leads off the segment by helping to perpetuate the myth that China’s emergence as the world’s factory floor is the result of cheap, hard-working labor. (The mouthpiece here is Evan Osnos, Beijing Bureau Chief for the Chicago Tribune — an otherwise cogent voice. )
In fact, my research has clearly shown that cheap labor is only a small part of the China puzzle. Much of China’s advantage in world markets comes from five unfair mercantilist trade practices that include a complex web of illegal export subsidies, blatant currency manipulation, counterfeiting and piracy that lowers production costs, and lax environmental and health and safety standards that likewise lower production costs.
That China blatantly manipulates its currency seems to be totally lost on both Woodruff and the seemingly clueless Fareed Zakaria. Indeed, it is Zakaria who helps perpetuate the myth that the Chinese are more frugal savers than American consumers and that’s why China helps the U. S. with its debt by buying U. S. treasury bills.
Note to Woodruff and Zakaria: The purchase of U. S. treasury bills is an integral part of the currency manipulation process. To maintain China’s fixed peg to the dollar and keep the yuan grossly undervalued, China must recycle dollars back into the U. S. Of course, individual Chinese citizens have no say in this matter; rather they are merely press-ganged into their frugality by China’s central bank — which wants to keep exports to the U. S. cheap and imports into China dear. (It’s no accident the U. S. trade deficit regularly hits record highs. )
The failure of Zakaria to understand this currency manipulation process (and the broader role of unfair trade practices in China’s grab of American markets) makes it perfectly understandable why Zakaria ignorantly advises that the U. S. has only two options with China: “either ride the wave or drown in it. ” In fact, what theU. S. government should be doing to prevent the loss of American jobs is cracking down on China’s unfair trade practices. Leveling the playing field would go a long way towards bringing jobs back to the U. S.
On that note, it is useful to point out perhaps the biggest myth of the documentary – one perpetuated by none other than Mayor Michael Bloomberg of New York. His Honor piously insists that “the jobs that [China] is creating are low-priced jobs” and “that’s not the kind of jobs we want for our citizens. ”
Note to the Mayor: While you’ve apparently been sleeping, China has moved steadily up and across the value chain into everything from autos and biopharma to commercial aircraft. It’s not just about cheap toys and sneakers anymore.
My bottom line is that I would love to see an in-depth, fair and balanced critical look at the economic, environmental, military, political, and social impacts of China on rest of the world. All that we have gotten so far from TV is a bunch of puff pieces that miss many of the major points and keep perpetuate a set of very dangerous myths.
©2008 Peter Navarro
Author Bio Peter Navarro a business professor at the University of California-Irvine, is the author of the best- selling investment book If It’s Raining in Brazil, Buy Starbucks and the path-breaking management book, The Well-Timed Strategy. Professor Navarro is a widely sought after and gifted public speaker and a regular CNBC contributor. Prior to joining CNBC, he appeared frequently on Bloomberg TV, CNN, and NPR, as well as on all three major network news shows. He has testified before Congress and the U. S. -China Commission and his work has appeared in publications ranging from Business Week, the L. A. Times, and New York Times to the Wall Street Journal, Washington Post, and Harvard Business Review.
Larry lives on a ranch in Montana but is an avid Baltimore Ravens fan. He never misses a game. Larry doesn’t fly back east or follow the team on the road. Larry watches NFL games online. He’s set up to get live streaming video of his cherished Ravens so he never misses a game. This ex-city slicker told me he’s even watched games over the Internet out by the corral with his favorite horse.
This way, he was able to watch former Heisman Trophy winner Troy Smith lead Baltimore during a classic two-minute drill scoring drive when there was only 1:12 left in the second quarter. Smith nailed a perfect 19-yard pass into the arms of wideout Justin Harper to end the first half. Smith had taken the reins in the second after starter Joe Flacco completed 9-of-15 for 103 yards leading the team to two first-quarter field goals from Kicker Steve Hauschka.
Did you catch the game? I did on my computer.
Hey, even if the Ravens aren’t your favorite team, you can watch NFL games on your PC, also. All you need to do is download a software program that will give you access to practically any game televised you would like to watch. But, it doesn’t end there. The software allows you to view additional sports as well as watch TV movies, check out the weather, entertainment and business news, plus obtain great children programming as well.
All you need is what Larry has – a Windows operating system and a DSL or cable Internet connection. That’s it! You don’t need the most up-to-date operating system. As long as it is Windows, you will be in business. Imagine that – never missing a game ever again!
So, you Ravens fans out there will never complain about missing a Flacco TD pass again when you can catch every game right on your own computer.
Who says you have to spend a lot to have a truly unique head-turning fashion phone? You might if you go for those high fashion high-enders dressed by haute couture houses like D&G or Prada.  But if you want a head-turner that wonât cost both arms and legs, you need to look no farther.  Itâs coming this holiday season to your local carrier for just â¬270.  It could be cheaper if you get it on a long-term contract.
Itâs the LG BL20 Chocolate â the second chocolate phone from Korean mobile phone maker LG Electronics. Â Released with its flagship kin, the stunning BL40, the new chocolate is a sure hit among the fashion-savvy crowd wanting a chic phone with some of the high end features weâve come to expect in a flagship phone but without the shocking price tags. Â LG got its math right sharing many of the wonderful features of the BL40 on its more modest brother but at a friendlier price that LG hopes to win the middle and low end markets with for its chocolate mobile phone portfolio.
Great Feature-Price Ratio
The BL20 is your quad band GMS/GPRS/EDGE phone that supports 3G and HSDPA from truly fast internet surfing and downloading. Â It is powered by a powerful ARM9 processor running LGâs proprietary OS with the S-Class user interface on it. Â Now, this is the second mobile phone after the LG Crystal to use the interface reserved for touchscreen phones. The BL20 is a slider non-touchscreen with a modest 2. 4â LCD QVGA screen supporting 25k colors.
What sets the BL20 apart in its price range is the unique 5 megapixel autofocus camera with LED flash that is only seen in flagship high end handsets in other brands. Â It even doubles as a scanner which, together with the bundled TextScan application, can capture drawings and convert handwritten notes to text that you can store or send as email attachments or MMS message.
Thereâs video recording at 15 frames per second, Bluetooth 2. 1, USB 2. 0, 3. 5mm headphone jacks and media players that support all the popular audio and video content formats.
Some Compromises
Admittedly, LG held the throttle back a bit with features it felt would not be necessary in a high fashion phone with an excellent camera. Â For starters, the LG BL20 Chocolate has no GPS and WiFi support. Â Internal memory is not something to brag about as it would only last a few minutes of stored MP3 files. Â But this gets compensated for with a microSD expansion slot that can support up to 16 GB of external memory. Â For many, these features left out may not really matter much. Â Itâs your choice.
When it comes to chic style, nothing can rival the distinction of a Louis Vuitton purse, Louis Vuitton wallet, or Louis Vuitton sunglasses. Diehard brand loyalists think nothing of handing over an entire paycheck just for a small handbag. Some of the world’s most prominent actors, musicians, and models are often photographed carrying the latest Louis Vuitton fashions.
So what is the motivation for such high demand? What makes Louis Vuitton purses so much better than other handbags?
For one thing, the fashion house is rooted in a long, quality-driven heritage. Since its inception in 1821, the company has been creating some of the industry’s finest designer luggage pieces and handbags. Louis Vuitton himself first began working from a small shop in Paris, France. After demand increased among travelers, he increased production of his steamer bag, “Keepall” overnight bag, and flat carrying case. Today, the Keepall is still one of the designer’s most widely demanded travel pieces. From there, he expanded his designs to include carry-on bags, cosmetics bags, miniature trunks, jewelry cases, computer bags, and more.
Over time, Louis Vuitton began designing luxury watches and, with the addition of his son Georgie to the design team, duffel bags and purses. When Georgie unveiled the monogrammed canvas motif, the design quickly took the fashion world by storm and became the hallmark of the brand. Three decades after launching the first store, the Louis Vuitton announced the opening of a London-based store. Throughout the 1900s, nearly 130 additional stores were opened throughout the world, responding to a growing international demand for the company’s luxury wares.
Designer talent has always been a prime focus of the Louis Vuitton Company. After announcing a merger with designer Moet Hennessey in 1987, the fashion house partnered with acclaimed designer Marc Jacobs. Patrick Vuitton continued to supervise operations. In the new millennium, Louis Vuitton continues to bring in millions of dollars in profits each year, as demand remains steady for their luxury purses and accessories. Rivaled by such top brands as Fendi, Gucci, and Prada, Louis Vuitton remains a fashion icon throughout Africa, India, Japan, China, and Korea, in addition to the United States.
In spite of cutting-edge technologies that have made production more efficient, the Louis Vuitton designers have adhered to rigorous standards of craftsmanship, never using machines or assembly lines to produce their fine goods. Master artisans train new apprentices in the fine art of leatherworking, ensuring that each and every product offers premium quality and durability.
Classic Louis Vuitton Styles
Over time, there have been certain time-honored favorites that have enjoyed a consistent demand among consumers:
• Mimicking the popular Keepall travel bag, the Speedy is a roomy Louis Vuitton handbag with an oversized main compartment that accommodates all of your everyday essentials — and then some. Several style options are available.
• As its name implies, the Neverfull is spacious enough to take anything you can throw into it. Choose from a wide array of colors, fabrics, and sizes. If you’re looking for a substantially sized purse without unwieldy bulk, the Neverfull is for you.
• With its stylish drawstring closure, the long-acclaimed Noe has been a Louis Vuitton fixture since its 1932 debut.
• A playful oyster shell shape distinguishes the Elipse bag. Consumers can choose from two versatile sizes, both boasting the same lighthearted style.
If you’re looking for a high-fashion, heirloom-quality accessory to call your own, you can’t go wrong with a Louis Vuitton handbag!
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