As moko007 said, they have done it in the past and i honestly dont see why they wouldnt do it in the future. There is a niche for it and almost every single highend designer has a perfume and cologne out on the market (cartier,
gucci, versace etc etc) and to the best of my knowledge the brands are still highly respected and regarded as so
I read an article about high-end designers producing fragrances and the logic behind it was commendable and laughable at the same time. At then end of the day a designer is just a business, they do what they can how they can to make money. That is their end goal. LV has came out with things in the past that prove this (ie, the noe-- made to hold champaign bottles, it was a niche and they filled it!) and there is no reason they wouldnt fill the fragrance niche and make some cash doing it.
How would they make cash? Well i hate to say it but we are in the elite few that purchase multiple handbags, accessories etc etc...The general public can not afford to do so (or do not have the desire to)! THEREFORE if LV were to come out with a fragrance in the $100 mark it will make the brand accessiable to the genral public. I am guessing most of the consumers buying it will buy it so they can feel like they have a piece of louis!!
I am not nessarly saying im agreeing with this, but from a business standpoint it would be the most logical thing to do. I mean very few (if any) customers will STOP buying LV if they made a fragrance...but it WILL broden their customer base!!
AND now to answer the question:
I think the scent would be a bit musky and floral