Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Louis Vuitton plans international expansion

Louis Vuitton will open a store in Lebanon and one in Mongolia this year.  

Speaking at the opening of its latest store in Dubai yesterday, Louis Vuitton chief executive Yves Carcelle said that the luxury label had not cut its investment in new stores in 2009 and has no plans to close any shops in the next 12 months.

He said: “Sometimes in our industry there is a tendency to follow your ego and sometimes open stores where you don’t have the market, or stores too big for your potential — we never do that. When we open a big store, we know that there is a market, we know the financials. So we never have to close a store for economic reasons.”

Carcelle said that Louis Vuitton, which is part of the French luxury retail group LVMH which includes Marc Jacobs, Donna Karan and Thomas Pink, usually invests around €250m (£233.2m) every year on stores and hasn’t reduced its level of investment this year compared with 2008.

Carcelle said that the brand, which had 433 stores at the end of June 2009, opened fewer stores this year than they did last but opened the same number of square metres as in 2008.


Readers' comments (1)

  • elsa Lin

    this post said luxury label had not cut its investment in new stores in 2009 but in my opinion the luxury shop as :
    may have little investment.

    Unsuitable or offensive? Report this comment

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.