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The Louis Vuitton Company is well known for their luxury fashion and leather goods. Founded in 1854 by its luggage-designing namesake, the company has, for most of its existence, catered to the wealthiest clientele by employing famous models and A-list celebrities in their marketing campaigns.

In early 2007, Louis Vuitton released their most expensive handbag, the Louis Vuitton Tribute Patchwork Bag. The bags, as the title suggests, were made of samples of different Louis Vuitton bags. The fifteen bags used come from the LV spring/summer and cruise lines. The gold chain shoulder strap makes this the

PARIS (Reuters) - European luxury goods groups provided fresh evidence late this week that consumer spending gloom has not yet affected buyers of their upmarket fashion, handbags, watches and other accessories.

France’s Hermes, Gucci and Italy’s Tod’s all published earnings that topped or met market expectations on the back of impressive double-digit sales growth in the first half.

Their performance was all the more striking coming against a strong euro that should have harmed such major European exporters and amid concerns about rampant inflation and higher raw-material costs.

But luxury brands continue to benefit from a sustained rise in the number of deep-pocketed consumers around the world, particularly in countries like Brazil, Russia, India and China.

According to a Cap Gemini report, world wealth — measured by the number of people with assets of at least $1 million excluding art and their primary residence — rose in 2007 by 9.4 percent to $40.7 trillion and should continue to rise solidly over the next few years.

Meanwhile, well-to-do Western buyers remained faithful to their favorite brands and retained an unflinching appetite for quality and hype.

Hermes on Friday met expectations with a 14.1 percent rise in current operating profit, driven by demand for its themed silk scarves and leather goods.

Hermes, whose handbags start at 1,200 euros ($1,750) and can fetch 50,000 euros, said there were shortages for certain items such as crocodile-skin handbags in places like Asia.