Louis Vuitton, the luxury handbags and luggage brand, is planning to open its third shop in China next year after the success of shops in Beijing and Shanghai. Louis Vuitton Pacific executive vice-president Serge Brunschwig said the company was looking for a suitable location. 'We are looking for a best location for our new shop, we are not in a hurry,' he said. The Beijing shop was opened in September of 1992 while the Shanghai shop was opened in June last year. He ruled out Guangzhou as the location for the next shop because that city did not have a suitable 'consumption environment'. Mr Brunschwig said the operations and business of both shops were healthy and profitable. No figures were given because of company policy.