User Tag List

Results 1 to 2 of 2
  1. #1
    \(^.^)/ Jennifer's Avatar
    Join Date
    Oct 2005
    Post Thanks / Like
    Follow Jennifer On Twitter Add Jennifer on Facebook
    66 Post(s)
    0 Thread(s)

    Default Louis Vuitton Scraps Plans for Ginza Flagship

    wwd said:

    TOKYO--Louis Vuitton has scrapped plans for a new 10-story Ginza flagship due to open in 2010 against a backdrop of declining luxury goods sales in Japan.

    The store, which was set to be Louis Vuitton’s largest worldwide, would have complemented Louis Vuitton’s already extensive network of stores and sales points in the city. Louis Vuitton confirmed its plans for the Ginza tower in May.

    A spokeswoman at Burson-Marsteller, speaking on behalf of Louis Vuitton Japan KK, said Tuesday that Vuitton and real estate developer Hulic Co. had been in talks for a Ginza store but the parties couldn’t reach a mutually satisfactory agreement and terminated negotiations. She declined further comment.

    The move comes as luxury goods makers and retailers continue to struggle in Japan amidst a global recession. As reported, brands including Louis Vuitton, Dior, Prada and Salvatore Ferragamo are cutting prices here in a bid to lure customers back to their stores. Vuitton parent company LVMH Mot Hennessy Louis Vuitton saw its sales in Japan fall 7 percent for the nine months ended Sept. 30.

  2. #2
    Moderator/Blogger VivaLaJuicy's Avatar
    Join Date
    Aug 2006
    Post Thanks / Like
    41 Post(s)
    1 Thread(s)

    Default Re: Louis Vuitton Scraps Plans for Ginza Flagship

    Wow, 10 stories! Can't wait to see pics. of that LV.

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts