Unfortunately, top competitors PPR SA, the Gucci parent, and LVMH Moet Hennessy Louis Vuitton all recently reported lackluster China sales, and European shoppers remain squeezed by weak wages and deep economic uncertainty.

FORBES: Tiffany Q1 Is A Gem, But The Pricey Stock Doesn't Truly Sparkle

The night was a chance for art patrons, Vuitton clients and friends of the Toledos (Isabel Toledo is an internationally known fashion designer) to see original works by the Havana-born, Jersey-raised artist, all under the auspicious of Louis Vuitton.

FORBES: At Louis Vuitton, Ruben Toledo Talks Art--And Love