LVMH mulls first Louis Vuitton duty-free store in China in strategy shift

The LVMH group is considering opening its first Louis Vuitton duty-free store in China in southern Hainan province in a move that would mark a new strategy for the world’s largest luxury label, according to two sources.Executives are looking at the possibility of opening the store in the Haitang Bay shopping centre in Sanya, through an agreement with the mall’s state-owned operator, China Duty Free Group, they added. The mall, with the world’s largest duty-free shopping, opened in late 2014.The…

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