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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world
Americas+1 212 318 2000
EMEA+44 20 7330 7500
Asia Pacific+65 6212 1000
Louis Vuitton’s flagship store in Beijing has yet to open.
Upmarket brands are scrambling to adjust strategy after being wrongfooted by the rapid downturn in Chinese spending.
When LVMH CEO Bernard Arnault toured China in June last year, he visited a five-story site in Beijing where the company’s top brand Louis Vuitton planned to open its flagship store in the first half of 2024.
More than a year later, the building remains fenced off. The store may not open until as late as next year, according to people familiar with the matter.