Louis Vuitton shuts down three stores in China – more to follow

Louis Vuitton has closed three stores in China, in the cities of Guangzhou, Harbin and Urumqi. The French luxury giant currently operates a total of 50 stores throughout China and the company is expected to close more stores next year. According to media reports approximately 20% of Louis Vuitton stores in China have become not profitable, especially those in second and third tier cities.

Louis Vuitton store Guangzhou