LV global flagship store in Tokyo to give up plans

In 2010, the unit was in the center of Ginza, Tokyo sent a number of houses near the bridge crossing, to build "Hulic send a number of housing building the bridge (tentative name)," the 12-storey building on the ground, underground layer 4. Louis Vuitton Japan and VJ dealer group had intended to rent most of the floors of the building to set up a new Louis Vuitton flagship store in the world. However, due to the financial downturn and an uncertain economic outlook, they have to change the program.

Louis Vuitton-owned France's biggest luxury goods group LVHM Group, in 2008 in Japan in January-July of the same period last year turnover has decreased by 7%. And other senior foreign brands are also likely to re-adjustment in Japan Layout. In view of the Chinese luxury goods market is relatively optimistic about the growth, as for luxury consumption centers throughout Asia, the emergence of China as the center of a new situation in the market, remains to be seen.