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China : Louis Vuitton to expand further with three new stores |
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2006-5-18
China : Louis Vuitton to expand further with three new stores
Louis Vuitton, the luxury leather bags major, is contemplating launching three new stores in China this year.
The new stores are planned to be located in Chengdu, Ten-hour and Shenyang, informed Christopher Zanardi-Landi, CEO of Louis Vuitton, China.
Mainland China consumers today have increased purchasing power and many of them can afford Louis Vuitton products, observed Zanardi-Landi.
China has already become the company’s third largest market in the world, after Japan and the U.S and it has plans to further extend in China.
"We want to make sure that the stores we have now are achieving their best. On top of that, we will look for other investment opportunities," Zanardi-Landi said.
Louis Vuitton has never faced financial losses in its China venture, Executives said.
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