published its sales numbers

the steepest since September 22 2011, and wiped out the gains for 2013.he had bought a National Lottery ticket with the Chanel outletwinning numbers for last Saturday's R33 million jackpot. The newspaper's sister publication Isolezwe spoke to the family and learnt that Ngcobo had told a number of people he had the winning ticket. According to the report, he gave the ticket to his mother, Jabulile Ngcobo, for safekeeping until the following day, when they planned to claim the prize. Jabulile said two men wearing police uniforms and bearing firearms arrived at their home later and demanded the ticket. Ngcobo was asleep in his bedroom during the robbery and was reportedly hysterical when he was told of the theft. 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. ednesday morning that

Jacobs is exiting Vuitton to focus on an IPO for the Marc Jacobs brand, which could come some time in the next three years. Rumors of Jacobs' exit began in June, when reports circulated that Jacobs Chanel outlet storewould be leaving Vuitton to take Reed Krakoff's creative director spot at Coach. That gossip was debunked when Coach hired Stuart Vevers later that month, but buzz reignited last week during Paris Fashion Week. A source told Reuters, "His contract may not be renewed," and Fashionista wrote that their sources cited Nicolas Ghesquière, formerly of Balenciaga, as Jacobs' Vuitton replacement. WWD reports today that Ghesquière is not confirmed in the new role, though he remains a frontrunner. But Jacobs as well as his business partner Robert Duffy are most certainly exiting Vuitton after nearly two memorable decades, a decision that marks the official start of Jacobs' IPO. LVMH’s fashion and leather-goods growth "is very disappointing following significant excitement" around these bags when they were introduced, said Julian Easthope, an analyst at

 Barclays Capital. The company, which published its sales numbers after markets closed on Tuesday, said it remained confident for Gucci BackPack Bagthis year, even in the face of an uncertain European economic climate. LVMH would continue to focus on innovation and geographic expansion in selected markets. LVMH is boosting investment in some of its smaller fashion brands and buying stakes in others to help offset slowing growth at Vuitton, its biggest source of revenue. It is also shuffling Vuitton’s management, with Delphine Arnault joining as executive vice-president and artistic director Marc Jacobs leaving after 16 years to focus on his own label. LVMH’s performance "seems to suggest growth is moderating to a new normal, which is weighing on the whole sector", said Luca Solca, an analyst at Exane BNP Paribas.