LVMH’s Selective Retailing to overtake fashion as the group’s biggest business by 2018
DFS, who is controlled by the world’s largest luxury group, LVMH plans to open their first stores in Europe in 2016 to cater to Chinese consumers who travel more frequently to the region, with destinations such as France, Italy and Switzerland. LVMH bought a majority stake in DFS Group back in 1997. LVMH’s Selective Retailing division, which includes DFS Group, Paris department store Le Bon Marche and beauty chain Sephora, account for 28 per cent of its sales in 2012. According to analysts, it is expected that the Selective Retailing division will overtake fashion and leather goods as LVMH’s biggest business by 2018.