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China’s growing love for dupes isn’t just a problem for established brands such as Louis Vuitton. Sales at its luxury powerhouse owner, LVMH, dropped 10% in the first six months of this year ...
In the 1960s and 1970s DFS Group significantly expanded their operation in Pacific Islands and North America. DFS capitalized on the rising wave of Asian tourists who began to travel further overseas, opening stores in international airports and later in downtown locations where travelers have their purchases delivered before departure. [8]
Louis Vuitton Malletier SAS, ... Louis Vuitton has been operating in China for 30 years and nowadays the country is the main market for the French maison, boasting ...
In 2022, Louis Vuitton announced a €1 million donation to UNICEF to help the Ukrainian victims of the Russian invasion. [107] On 2 March 2022, LVMH Group pledged €5 million to the Red Cross to those affected by the war. [108] [109] In addition, the company closed 124 of its stores in Russia. [110]
BEIJING/PARIS (Reuters) -Louis Vuitton is considering opening its first duty free store in China on the emerging luxury island hub of Hainan, according to two sources, in a move that would mark a ...
LVMH struck a "cautiously" confident tone for the year ahead on Tuesday after fourth-quarter sales held up despite fears of a China slowdown, and growth picked up at its Louis Vuitton megabrand.