LVMH touts ‘special bond’ with China as ‘subdued’ backdrop weighs on sales

LVMH touts ‘special bond’ with China as ‘subdued’ backdrop weighs on sales

French luxury giant LVMH Group kicked off a global open-house event showcasing its craftsmanship in Shanghai on Thursday, as the event’s founder Antoine Arnault hailed a “special bond” with Chinese customers at a launch event in Paris. It came as the group faced pressure from sluggish demand in China and a backlash over a lawsuit against a local tea company. At the launch event at the Samaritaine department store in central Paris for this year’s Les Journées Particulières, first initiated by...

Comment