Collaborating with the Cheng Family and Defying Tourism Woes, Louis Vuitton’s Pre-Fall Collection Sets Sail on Victoria Harbor’s Glamorous Stage.
Pharrell Williams is set to dazzle Hong Kong with Louis Vuitton’s next show, a collaborative extravaganza with the influential Cheng family, led by the newly invested Adrian Cheng of 1017 Alyx 9SM fame. On November 30, the Avenue of Stars along Victoria Harbor will transform into a runway for the unveiling of Louis Vuitton’s Pre-Fall collection, marking a significant moment in the partnership with K11 Musea and New World Development Co.’s ambitious project to establish Hong Kong as the ultimate global luxury shopping destination. Despite the city’s allure, tourism struggles persist, with September arrivals only reaching 59 percent of 2018 levels, a challenge compounded by international tensions. Nevertheless, Hong Kong remains a beacon for luxury fashion, hosting notable exhibitions from Louis Vuitton, Chanel, and Gucci in recent years, solidifying its status as a premier destination for the world’s top fashion houses.
Following China’s border reopening last spring and the nation’s return to normalcy, luxury giants strategically refocused on key commercial hubs like Tokyo, Shanghai, Seoul, and Hong Kong. This resurgence marks a golden opportunity for Louis Vuitton. Despite the pandemic’s challenges, LVMH, the parent group, has displayed robust growth since 2020, boasting an impressive 82% surge in leather goods sales, reaching a staggering $38.6 billion by 2022, with Louis Vuitton contributing a remarkable $20 billion alone. Analysts suggest that the unexpected luxury sales boom during the pandemic is now experiencing a subtle moderation, anticipated to revert to the pre-COVID growth rate of 5-6%. Notably, the US, where consumer spending reductions have been more pronounced, contrasts with LVMH’s decision to showcase Louis Vuitton in China. Despite having a US art director drawing inspiration from American culture, the move reflects the brand’s strategic alignment with the thriving luxury landscape in the dynamic Chinese market.
