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 shuts up shops in China

Louis Vuitton has closed three of its stores in China and is expected to shut several more in the coming months, sources have told the Financial Times.

The closures in the cities of Guangzhou, Harbin and Urumqi will leave the brand with about 50 stores in China.

However, Louis Vuitton said it will continue to invest in China, pointing out that it opened stores in Beijing and Hangzhou earlier this year, before the others closed.

It is the latest luxury company to have been hit by China’s slowing economy. Giorgio Armani, Hermès and Versace are among those to have closed stores in the country over the past couple of years.

Louis Vuitton parent company LVMH said last month that demand from Chinese customers was flat, compared with double-digit growth in the first six months of the year.

 

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.