"During New York City's recent Fashion Week, LVMH, which owns Louis Vuitton — a 156-year-old company best known for its stodgy suitcases, which are selling briskly even as newer offerings like watches suffer — held an event called "The Art of Craftsmanship," to educate young hip designers on the importance of old-fashioned values such as artisanship and the mastery of traditional skills."