Louis Vuitton’s store in Shanghai. The French luxury retailer has closed outlets in Harbin, Urumqi and now Guangzhou, while opening a new one in Hangzhuo. Photo: Bloomberg. Louis Vuitton’s store in Shanghai. The French luxury retailer has closed outlets in Harbin, Urumqi and now Guangzhou, while opening a new one in Hangzhuo. Photo: Bloomberg.
Louis Vuitton’s store in Shanghai. The French luxury retailer has closed outlets in Harbin, Urumqi and now Guangzhou, while opening a new one in Hangzhuo. Photo: Bloomberg.
Focus

Just why are Louis Vuitton and other high-end retailers abandoning China?

After a decade of aggressive expansion in China, international luxury brands shrink their physical presence and branch out into restaurants, cafes and even beauty salons

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Louis Vuitton’s store in Shanghai. The French luxury retailer has closed outlets in Harbin, Urumqi and now Guangzhou, while opening a new one in Hangzhuo. Photo: Bloomberg. Louis Vuitton’s store in Shanghai. The French luxury retailer has closed outlets in Harbin, Urumqi and now Guangzhou, while opening a new one in Hangzhuo. Photo: Bloomberg.
Louis Vuitton’s store in Shanghai. The French luxury retailer has closed outlets in Harbin, Urumqi and now Guangzhou, while opening a new one in Hangzhuo. Photo: Bloomberg.
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