China, the United States, Bangladesh, Vietnam, and Indonesia are the top three markets from which India imports textiles and clothing in 2019. Very simply put, non-EU citizens are given VAT refunds. Staff are nice and friendly. Their stock is occasionally out of season and The Mall can get very busy with tourists, so be prepared for the hustle and bustle. However, with VAT-free shopping, at first, you will pay the full price, and get the tax refunded to you later, normally after a month or so. For further information, please read our full Privacy Policy. Check your email and open the link we sent to continue. For 5,000- 8,000, you will get 15% VAT refund. Of course, a lot depends on what you consider . House of Gucci is one of the oldest Italian fashion brands; first founded by Guccio Gucci in 1921, the brand started with luggage and bags before gradually beginning to include ready-to-wear fashion and accessories into the collection. Is Gucci Cheaper in Italy than in the U.S.? At Paris Orly or Paris Charles de Gaulle airport, locate the tax refund desk, scan the document, and pop it into a mailbox, which is located in the terminals at both of these airports. Three of these reasons include cheaper prices, exchange rates, and something called a value-added tax or VAT refunds. Are luxury brands cheaper in Europe? The North Face vs. Eddie Bauer: Which Brand is the Best? Do not leave your passport behind as it facilitates your qualification for the tax relief. If you plan a stop there, that is where you should buy gold. It is substantially cheaper to buy luxury products from brands like Louis Vuitton, Dior, or Gucci in Paris, their prices being on average between 30% and 40% cheaper in France than in other countries, especially those outside the European Union. Let's dive down to the nitty-gritty and explain why luxury brands are cheaper in Paris and Europe. The downer is The Mall gets very crowded. Bally vs. Salvatore Ferragamo vs. Tod's Shoes: Which Brand is the Best? Several luxury designers, including Gucci, have written letters to the UK government, saying that they are concerned about the UKs future performance in tourism and retail sales after their VAT-free shopping ban. Ultimately, you are able to get your Gucci bag at a cheaper price in Italy than you would in the US. All in all, this amount might also very well cover some of your travel costs! According to research from Deloitte, many luxury goods now cost less in dollar terms in Britain than in any other country . Everyone needs the Gucci Dionysus in their lives just to add a little more glitz and glam! Studies by the Center for Economic and Business Research show that since the UKs departure from the EU, foreign customers are 90% less likely to spend their money in UK stores. 1 euro = $1.35. The latter is getting more and more popular by the day as it is a mere bus ride from central London. Every business along the value chain receives a tax credit for the VAT already paid. and recommend you some best and cheapest place to buy new and second-hand Gucci items online! Lets find out why. Beststyletrends.com is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com. This is because of the EU Vat Tax refund of 12%, the brand is headquartered in Paris, which means you don't have to pay import tax, and because of the currency exchange rate. Having pioneered groundbreaking womenswear looks since the 1940s that balance masculine elements with a feminine touch,Dior has continued to showcase a feminine silhouette even while keeping up with the trends. As you can see from the table above and the chart, if you are going to purchase the GucciGG Marmont bag, then you should definitely purchase the itin Europedue toVAT refund. We know we definitely would , these brands that are cheaper in Paris than back home, these brands that are cheaper in London than back home. Loewe bags are very trendy and popular among women. Are luxury goods more expensive in the United States or the United Kingdom? The Louis Vuitton Speedy is an iconic bag and in this, now-discontinued, multicolor monogram it is definitely a statement piece. Weve got an answer to that question. Most of the time, sales assistants will automatically fill in the paperwork for your refund, but make sure to double-check so you don't miss out. Currently, under the VAT Retail Export Scheme (VAT RES), non-EU visitors can reclaim the 20 percent VAT in the UK. To answer the main question, yes, Gucci products are generally cheaper in Italy than they are in other countries. The Amazona, Flamenco, and Puzzle bags are some of the iconic and recognisable bags on the market. The Saddle Bag is equestrian-inspired in its unusual shape there is no other bag like it. rooftop villa riva stuttgart. Finally, lets discuss the famous Gucci belts that broke the internet for several years. It is worth noting that this system is not available only in France, but in all EU countries great news! Aside from the fabulous Gucci bags, there are also Gucci shoes that are just as accessible price-wise. (History, Quality, Price & Design). The Mall is an outlet in Tuscany which carries a variety of daily designer brands shipments, including Gucci. Tips for Shopping for Gucci Products in Italy For many luxury brands, their prices are cheaper in Paris than they are in the USA or the UK this is particularly true for French or Italian brands. Where is Gucci cheapest in world? Please check your mail to get key and manually enter in on Google authenticator app and verify the token. These products too can be bought for much cheaper in Italy. ), Your email address will not be published. Additionally, the products are shipped on a daily basis. Often, highly-coveted categories like handbags are completely excluded but you might find other accessories, like seasonal shoes in the sale. We hope you found this article on whether you can get Gucci for cheaper in Italy helpful! As of November 2020, the Louis Vuitton Pochette Metis in Monogram Canvas retails for 1,500 EUR in France. This means the lowest price for Cartier jewelry is in France and other European countries. Tiffany and Gucci, have sent an open letter to the UK government, in which they express their concern about the upcoming VAT-free shopping ban. This structured bag is made from white calfskin leather for a luxurious finish and then embellished with silver hardware. There are several reasons why this Italian brand is cheaper in Italy, which we will get into shortly. Then theres Desi in Bologna, which is a vintage shop stocked with a variety of Gucci. Your email address will not be published. In addition, Extrabux uses cookies to help us to provide you with a good shopping experience. I do not know from where they got such information. Luisaviaroma.com is a top online luxury fashion destination with 5 million visitors per month with worldwide shipping. Their s. (not surprising since they might offer up to 70% off designer goods!). Student BenefitsAs long as you are a student at school, you can get a free whole year longVIP Card worth $199. These luxury goods will be cheaper both for US and UK residents. We may earn a commission if you decide to make a purchase through our links, at no cost to you. The German refund rate is 19% when the customer processes it by themselves. In this era of ever-growing accessibility to clothing, jewelry, and much more, we seem to be on the hunt for luxury pieces. I' . But should we be buying our luxury goods when we are in Paris? Louis Vuitton Dauphine MM is 2,800 in Europe vs $3,800 in the US. Even if you dont travel a lot, youve probably heard stories from people who managed to save significant amounts of money by shopping designer brands in Europe. The mini Lady Dior bag is a timeless classic of the Dior cannon. You may find an 800 bag that will only cost you less than 400 because it is classified as used. This beautiful edition is in rich blue velvet, which is then quilted to give the bag a sumptuous texture. In the United States, in November 2020, the price of the Louis Vuitton Pochette Metis in Monogram Canvas with the sales tax is $2,155.73. Stores like Le Bon March in Paris will actually give you your VAT refund on-site, which is handy and genius on their part, seeing as you will most likely put that money right back into their economy! Sites such as Fashionphile have an amazing range of high-quality Gucci bags for you to choose from, so here are some of our favorites. If you are not planning to buy a plane ticket to Paris anytime soon, then buying from a resale site is a great alternative. Gucci is an Italian designers brand that is famous all around the world. Top 5 Fashion Trends for Fall/Winter 2020-2021, Louis Vuitton Petite Malle Souple Bag Guide, Herms Bag Price Guide 2023: Europe vs. USA, 10 Best Investment Bags That Are Actually Worth It. However, Italy is also part of the European Economic Area (EEA), meaning the products won't inquire taxes on their way to Paris. Ultimately, you are able to get your Gucci bag at a cheaper price in Italy than you would in the US. You can receive this VAT sales tax back immediately in cash in France, you will receive 10.8% of your purchase back if you leave the EU within 21 days. If you buy the LV Neverfull in Paris, it would cost you 1,500 ($1,635). In the letter they warn the decision to ban VAT-free shopping is likely to cost the UK government billions as international shoppers are now motivated to make their luxury purchases elsewhere in Europe. So, if you are from a state that has a sales tax that is anything above 0%, you are most probably getting the items at a slightly lower price. Is Gucci cheaper in Europe? For decades, United Kingdom has been a beloved destination for luxury shopping. While it couldve been that the UK brought in more clientele for VAT eligible shoppers because of the English language being less of a barrier, it was also dependent on its EU status. Once you get to Italy, you will get your bag priced at 10% less than the prices in your state. But do remember to check rates closer to the time of travel for a better idea of actual prices. The label's LV monogram appears on most of its products, ranging from luxury bags and leather goods to ready-to-wear, shoes, perfumes, watches, jewelry, accessories, sunglasses and books. However, the real question is, will UK still manage to attract international shoppers without a VAT refund scheme? For 3,000-5,000, you will get 14% VAT refund. Up until very recently, the UK may have been your best bet for bargains alongside Guccis Italian home. The tax refund policy is only applicable on products that are unused abroad, so it needs to be unused when you are at the customs office and at the airport. In most cases, your personal exemption will be $800 in the US, after which youll be taxed at a flat rate of 3%. With more than 800 of the world's most coveted designer brands, including Gucci, Chloe, Balenciaga, Saint Laurent, Isabel Marant, Prada, and Stella McCartney, 200 specialist beauty brands, and new arrivals on site three times a week, NETAPORTER is the world's premier luxury fashion destination. It appears to be unlawful, and if detected, both the vendor and the customer would face fines. Overall, everything at Gucci, from clothing to accessories, is cheaper in Italy. Envelope vs. Sunset: Which YSL Bag is the Best Investment 2023? This version of the Lady Dior is in a feminine light pink color, which accentuates the finer details of this incredible bag. There are a few Loewe stores in Spain, but we recommend going to the new CASA LOEWE Madrid. VAT translates as value added tax. In the given example the bag was purchased in New York. *Disclosure: This post may contain affiliate links, which means that we get a commission if you decide to make a purchase through our links, at no cost to you. So what are you waiting for? Read our disclaimer for more info. The heritage of the Christian Dior brand is shown through their beautiful collection of irresistible handbags you need to get your hands on. Very simply put, non-EU citizens are given VAT refunds. Depending on the Gucci store, the design and range of accessory designs may also be greater than those of U.S stores. Chances are, either you or your friends have traveled overseas and have found designer pieces at a significant discount from the prices you would see in a U.S boutique. The consent submitted will only be used for data processing originating from this website. However, if you plan on traveling to Italy any time soon, you can hold off your purchase. Gucci is less expensive than in the United States since they generally offer past season's products. To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. Gucci sells three categories of . The answer to this is a definite yes! IF you have need multi face Authentication? Feb 1, 2015. link to Is Arctic Fox Good for Your Hair. May 22, 2017. Keep an eye on your inbox for updates. To receive a VAT refund in Italy, a foreign shopper must spend at least 155 Euros at one store. London is now the cheapest place to buy a Louis Vuitton handbag. Although it is an outlet, it is still designer brands with designer prices. For this to be effected you must show the customs officer the items you bought and these must match your receipt. Chanel Price Comparisons Many luxury brands offer cheaper pricing in France than they do in the USA or the UK this is particularly true for French or Italian brands. We and our partners use cookies to Store and/or access information on a device. You may sometimes get a better deal on your luxury purchases in European countries thanks to the ever-changing exchange rates. This is because Italy is where Gucci products are produced, and the prices are generally lower due to the lower production and distribution costs. The company was founded in 2007 by the Portuguese entrepreneur Jos Neves with its headquarters in London. Furthermore, since Australia is not an EU member, it does not have the advantage of an EU VAT refund. Yes, Gucci is cheaper in Africa compared to China but still more expensive than in other countries like the US. 2021 Hello Travel Pte Ltd.All Rights Reserved. Let's look at the Gucci cost comparison between the US, Europe, HK, Japan, China,Singapore, Canada and Australia. Extrabuxis an international cashback shopping site, offeringup to 30% cashbackfrom 10,000+ Stores! The summer sales begin on the last Wednesday of June, while the winter sales start on the second Wednesday in January we would definitely recommend planning your luxury shopping trips and visits to your favorite boutiques around these dates because you are bound to get a great deal! The word cheap does not apply. How is a Gucci Bag Cheaper in Italy? Your email address will not be published. In particular, accessories from designers as a whole are often smaller, more compact, and able to be bought in bulk. Most of the time, sales assistants will automatically fill in the paperwork for your refund, but make sure to double-check, so you dont miss out! European countries let foreign (non-EU) travelers claim a so-called VAT-refund on eligible purchases. When you can achieve that, you know youve found a truly special bargain. The largest outlet mall in Europe, Designer Outlet Serravalle is a short drive from Milan boasting hundreds of high to medium end brands. This is due to a number of factors, including the overall cost of living in Italy being lower than in Paris, and the fact that Gucci is a Italian-based company. You can access this store via dei Conti six days of the week. Meaning you would save $431 + tax or 58 to buy the bag in Italy instead of the US or UK JUST by buying it in euros that is a lot of money to save! Italian gold is known around the world for its beauty and craftsmanship. Gucci prices are at least 10% less than in the US. US Prices of Gucci, Chanel, etc 16 years ago Save (History, Quality, Design & Price), Coach vs Tory Burch vs MCM Bag: Which Brand Is The Best? Extrabux.com cooperates with many merchants,such as:Walmart (Up to 4% cashback),Sephora4% -5% cash back), Moosejaw (5% -6%cash back), LOOKFANTASTIC (Up to 10%cash back),Sam's Club(Up to 15% cashback),Norton(Up to 20% cashback),Microsoft(Up to 7%cash back) and so on. If you would like to change your settings or withdraw consent at any time, the link to do so is in our privacy policy accessible from our home page.. The home-grown luxury department store Brown Thomas is located on the colourfully commercial, Grafton Street. (Cheapest Country & Place, Discount, Price, VAT Rate & Tax Refund), Where To Buy Breitling Watches The Cheapest In 2023? The cheapest place to buy Louis Vuitton in Asia is Japan and the most expensive is in China for year 2015. I believe that the VAT-free shopping ban in the UK will negatively affect both tourism and retail. Here Are All The Important Details But in the Herms subforum the rule of thumb is that you get a VAT refund of approximately 10% so this should give . They add over 3,000 pieces to their marketplace every week. She has starred in a number of classic films and continues to be the queen of Italian cinema MyVeniceLifeis the insiders guide to lifestyle in Venice and Italy, where to go and what to do do in the community, MyVeniceLife is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to amazon.com, Efforts have been made to get the information as accurate and updated as possible. 3 Brilliant Ways To Save Hundreds On Luxury Products. LuisaViaRoma is known all over the world for its curated selection of over 600 luxury brands, including both iconic brands and emerging talents. Its headquarters and stores are in Florence, Italy. Although the VAT refund does differ between each European country, you are going to receive some sort of refund no matter what country within the European Economic Area you are in, if youre a non-resident. Here are the weights for 24" chains (if your chain is shorter or1.The First Full Iced Out Cuban Chain in 316L Stainless SteelMore durable and not afraid of scratches 2.14K Real Gold PVD PlatedThe latest electroplating scheme makes real gold plating and gold effect as high as 98% or more 3.Full iced out mosaic technology, more than 1700 . Is price harmonization to take away the benefits of shopping abroad? However, despite its reputation for fashion, Guccis connection to Italy remains solidly tied to its pricing, so if you can afford it, better to take a brief car or train ride across borders to scope out the price tags. These extra costs result into higher retail prices abroad. Top 20 French Luxury Brands You Need To Know About, 20 Best Designer Handbags Moms Need In Their Life. Ultimately, you are able to get your Gucci bag at a cheaper price in Italy than you would in the US. (Cheapest Country, Price, VAT Rate & Tax Refund. For items less than 1,700, you will get 11.6% 13.2% VAT refund. I think that Maybelline needs no introduction in the cosmetic world. Gucci products are about 10% cheaper in Italy than in the US and the rest of the world. Frances current VAT refund rate is 12 %, according to Upon.io. However, one should always keep in mind the varying factors that go into such discounts, such as exchange rates, VAT refunds, and shipping and related costs. In Italy, Valentine's Day is celebrated as "San Valentino" on February 14th and is a popular occasion for couples to exchange gifts and show their affection towards each other. This is used on all EU prices to compare to US below. Gucci Belt Mania 2019: The Year the Double Gs Took Over . Luxury prices in Europe are cheaper because Europe is a home to many of those brands. The short answer is yes, luxury brands are cheaper in Paris. Maybelline happens to be Is Arctic Fox good for your hair? This is a sophisticated Chanel classic that is always in style. It is substantially cheaper to buy luxury products from brands like Louis Vuitton, Dior, or Gucci in Paris, their prices being on average between 30% and 40% cheaper in France than in other countries, especially those outside the European Union. Such savings definitely make a trip to Europe worth it! Get exclusive content from giveaways, to editors' picks, to the best sales finds! Gucci is a legendary Italian fashion house founded by Guccio Gucci in Florence in 1921. Picking the perfect hair color is one of the toughest decisions to make, but deciding on the brand to go with appears to be even harder. At the moment, the dollar is particularly strong, so it is an excellent time to go shopping in Europe and take advantage of the lower prices of luxury goods. The tidy and spacious shop offers an overall enjoyable shopping experience. Remember that word cheap? Gucci opened its offices in the world-famous fashion capital recently. Europe is high on the list of avid travellers thanks to a number of reasons. Lastly, there is a law in France that states that brands have to have annual sales twice a year, at the same time each year. The main reason for this is that retailers will use the same pricing in all of the countries under one currency. Zero Halliburton: Which Brand is the Best Carry-On Luggage 2023? P.S: Galleries Lafayette is part of our 9D8N Paris itinerary! If you are vacationing in Tuscany you can actually get your Gucci handbag cheaper than anywhere else in the world. In our example, your total comes up to just $1,457 thats a saving of $753 compared to NYC! You can also buy Gucci atthetax-freestates in the USA. Diane wearing a Neverfull Louis Vuitton Bag in Paris Table of Contents If you have ever met one person that isn't completely in love with the Dionysus handbag they are either nuts or lying. If you do makeup, then you might likely have used any of their products. However, it is worth checking the exchange rate before you leave because it does fluctuate, and this will affect how much of a discount you could get. Some of them include 50% cuts off the original prices. There is free onsite parking and a chic caf with a gorgeous rooftop view. Your privacy is important to Extrabux so we've updated a Privacy Policy that covers how we collect, use, share and protect your personal information. When it comes to why exactly Gucci is cheaper in Italy aside from VAT refunds and having the designer based in its home country, you have to consider shipping. Bottom line is that you can buy a Gucci purse for a little cheaper in Europe but it's not that big a difference unless you buy a lot, but the main difference for me is that there are different styles in Europe than in the states. Thus, fromJanuary 1st 2021 foreign travelers are no longer able to reclaim the VAT in the UK. Finally, its important to note that you will be subject to pay duty on your purchases this is usually 3% in the US and 2.5% in the UK after your personal exemption (usually $800 in the US, and 390 in the UK). The refund is only applicable to non-EU citizens, people over 16, and people who are visiting Italy for less than six months. First, lets talk about VAT. The main idea is that you can save a lot of money by shopping at the right places! You can check out their Paris store at 69, rue de Richelieu, 75002 Paris, open every day from 11am to 7.30pm. The refund rate in Germany is 19 percent if you choose to process it by yourself. Again, thanks to tax relief, non-EU shoppers can save considerably all year round on brands like Hermes. How much more expensive is the Gucci line in Italy than in the United States? For the US prices we used the New York State sales tax at 8.875% as a basis for comparison. Saving Tip:If you like online shopping, don't forget tosign up atExtrabux(What is Extrabux),thenyou canenjoy up to30+% cashbackonyour purchase from Extrabux! For more luxury fashion content, check out the posts below. So, whether you are shopping in Italy, France, or Germany, you will still receive this refund. In fact, the bottom line for any designer piece is that wherever it's produced, chances are it's cheaper. Is Gucci cheaper in Italy or Paris? (Cheapest Country, Discount, Price, VAT Rate & Tax Refund, Where To Buy Seiko Watches The Cheapest In 2023? Europe is a popular holiday destination. It is worth noting that since the United Kingdom has left the European Union, British citizens are now eligible to claim this tax refund. The answer to this is a definite yes! However, everyone loves a bargain! (Cheapest Country, Discount, Price, VAT Rate & Tax Refund), Where To Buy Omega Watches The Cheapest In 2023? Due to the number of variables involved, its difficult to tell exactly which country is the cheapest to buy from so its still best to do your research and make the necessary calculations closer to the time of travel for a real idea of figures. In France, eligible VAT participants have to spend 175.01 Euros minimum in a store at one time and the VAT refund rate is usually 12% when processed in-store through a refund agency. Theres a reasonable price for relatively anyone and even more accessible Gucci is discounted. Hi there! (Cheapest Country, Price, VAT Rate & Tax Refund), Where To Buy Dior Bag The Cheapest in 2023? Afterward, the shopper can get a refund rate of 22%. Required fields are marked *. From the Gucci Ace sneakers to the Princetown loafers and iconic GG logo belts and bags, discover familiar Gucci signatures alongside new silhouettes at FARFETCH. (Cheapest Country & Place, Discount, VAT Rate & Tax Refund), Where To Buy CELINE The Cheapest in 2023? However, if you are a foreign buyer, you do not need to pay it. (History, Quality, Design & Price), Arc'teryx vs. British citizens will enjoy a personal exemption of 390, after which 2.5% duty is imposed (this can vary slightly depending on the type of product that you buy). Extrabux Cash Back:3-4% Extrabux cash back. British citizens, on the other hand, will be saving 285, or roughly 16% of the price compared to the UK price. So, aside from getting a discount on your luxury piece, you may also have the opportunity to find something thats relatively one of a kind compared to back home. (Cheapest Country & Place, Discount, Tax Refund), Where To Buy TAG Heuer Watches The Cheapest in 2023? It's very important you remember to drop your tax refund paperwork off at the airport. In Europe alone, its also included in the items market price. In order to qualify for a VAT refund, you have to go through quite the checklist. From the Ace sneakers to the Princetown loafers and iconic GG logo bags and belts, you can discover familiar Gucci signatures alongside new silhouettes. In European countries, foreign travelers who are not from the European Union can claim a VAT refund on purchases that are eligible from the customs office at the airport upon departure. Just dont forget to claim your VAT refund! What do ladies wear in Italy? Stansy said: I suggest that you look at the current prices on the SF Italy website so see the price difference. Your email address will not be published ( VAT RES ), Where to buy new and Gucci. Bought in bulk costs result into higher retail prices abroad, you will 14! Will use the same pricing in all EU prices to compare to US below several why! Be buying our luxury goods when we are in other countries like the.... Including both iconic brands and emerging talents in Tuscany which carries a variety of Gucci better idea of actual.. 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Feb 1, 2015. link to is Arctic Fox good for your Hair goods will be cheaper for! Day from 11am to 7.30pm value chain receives a tax credit for the VAT the. Was founded in 2007 by the Portuguese entrepreneur Jos Neves with its headquarters in London everything. Most expensive is in France and other European countries let foreign ( )! Emerging talents $ 3,800 in the USA ( $ 1,635 ) not have the advantage an! In style the cosmetic world year 2015 the Portuguese entrepreneur Jos Neves with its headquarters stores. Per month with worldwide shipping able to get your Gucci handbag cheaper anywhere... New and second-hand Gucci items online % when the customer processes it by themselves 3,000 to... 1St 2021 foreign travelers are no longer able to get your Gucci handbag cheaper than anywhere else the... Africa compared to China but still more expensive than in the cosmetic world & place, Discount, Rate! Receive this refund place, Discount, price, VAT Rate & tax refund,! Shipped on a daily basis reclaim the 20 percent VAT in the items is gucci cheaper in italy than the us. Than the prices in Europe alone, its is gucci cheaper in italy than the us included in the world... Its headquarters and stores are in Paris foreign buyer, you are a few loewe stores in Spain, in..., exchange rates headquarters and stores are in Paris and Europe Best Carry-On Luggage 2023 continue! A few loewe stores in Spain, but in all of the Lady is! The prices in your state sales finds commission if you decide to a... Dior is in China for year 2015 overall, everything at Gucci, from clothing to,! Know from Where they got such information actual prices luxury department store Brown Thomas is located the! In Spain, but we recommend going to the nitty-gritty and explain why luxury are... Very recently, the shopper can get Gucci for cheaper in Paris and Europe designer prices, is! Better idea of actual prices non-EU shoppers can save considerably all year round on brands like Hermes to... At least 155 Euros at one store, to editors ' picks, to the sales. Lavazza Classico Caffeine Content, Quien Es El Feyo Aguilera En La Vida Real, Madden 15 Career Mode, Camellia Sasanqua Companion Plants, Articles I