31 Jan '13, 11pm

Louis Vuitton slows down expansion to preserve its exclusive image

Louis Vuitton slows down expansion to preserve its exclusive image

PARIS (REUTERS) - Louis Vuitton, the world's biggest luxury brand in terms of sales, is planning to dampen its expansion worldwide and focus on high-end products to preserve its exclusive image, said Mr Bernard Arnault, chief executive of parent LVMH. Mr Arnault said publicly for the first time that the brand's wide footprint risked making it too commonplace, and analysts said the decision explained the recent drop in sales growth at Louis Vuitton in recent quarters. Louis Vuitton, which generates more than half of LVMH's operating profit, has been opening shops in the past decade in places as remote as Mongolia. It is now in 50 countries with more than 460 shops and generates more than 7 billion euros (S$12 billion) in annual sales. "The group's strategy now is to limit store openings," Mr Arnault said at the group's annual results presentation. "We want to focus on leath...

Full article: http://www.straitstimes.com/breaking-news/money/story/lou...

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Louis Vuitton slows down expansion as it risked...

uk.reuters.com 01 Feb '13, 3am

By Astrid Wendlandt PARIS | Thu Jan 31, 2013 10:46pm GMT PARIS (Reuters) - Louis Vuitton, the world's biggest luxury brand...

Less Is More for Louis Vuitton as It Pulls Expansion

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cnbc.com 01 Feb '13, 7am

Louis Vuitton, the world's biggest luxury brand in terms of sales, is planning to dampen its expansion worldwide and focus...

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scmp.com 01 Feb '13, 2am

Louis Vuitton, the world’s biggest luxury brand, plans to dampen its expansion worldwide and will pace its growth in China...

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At the opening of the new exhibit Correspondances at the Espace Culturel Louis Vuitton in #Paris. at Espace Culturel Louis...

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instagram.com 31 Jan '13, 8pm

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instagram.com 31 Jan '13, 6pm

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