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the bag, which currently retails for about $2800, is crafted from a canvas material printed with louis vuitton's signature damier, or checkered, pattern in a black-and-grey colourway. mcm bag pack kim believes the success of the company's rucksacks backs up her theory about the new "global nomad" consumer. beyond in-the-know fashion and streetwear circles, most uk consumers are unfamiliar with the brand. mcm's salvation came from south korea, one of the few places it had remained prominent, when the company that had licensed the brand – sungjoo group – acquired the business in 2005. [mcm bag pack] by the 1990s, mcm had more than 250 stores across the world and its advertising campaigns, shot by herb ritts, featured cindy crawford naked but for an mcm bag.