People seen outside a Louis Vuitton store on the Champs Elysees Avenue in Paris on May 11, 2020. Photo: Xinhua
People seen outside a Louis Vuitton store on the Champs Elysees Avenue in Paris on May 11, 2020. Photo: Xinhua
Retailing

LVMH considers opening its first Louis Vuitton duty-free store in Hainan, China in strategy shift, sources say

  • Executives are looking at opening the first Louis Vuitton store in Haitang Bay shopping mall in Sanya, two sources said
  • China last year tripled the amount local consumers can spend on duty-free goods in Hainan as the Covid-19 pandemic curbed spending abroad

People seen outside a Louis Vuitton store on the Champs Elysees Avenue in Paris on May 11, 2020. Photo: Xinhua
People seen outside a Louis Vuitton store on the Champs Elysees Avenue in Paris on May 11, 2020. Photo: Xinhua
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