Louis Vuitton: Withdraw from duty-free shops in South Korea: 7 stores
Louis Vuitton:
It turns out that Louis Vuitton is “considering withdrawing from a duty-free shop in South Korea.”
Moody David Report, a British duty-free distribution media, reported on June 3rd.
Moody David Report:
I quoted an anonymous Korean source.
Last month, Louis Vuitton reported to South Korean duty-free shops that it had “notified them of withdrawing from duty-free shops in the city.”
7 places in Korea:
In South Korea, Louis Vuitton is currently in seven duty-free shops in the city.
▲ Lotte Duty Free Shop Myeongdong Main Store
▲ Lotte Duty Free World Tower
▲ Shinsegae Duty Free Shop Myeongdong
▲ The Shilla Duty Free Shop Seoul
▲ Lotte Duty Free Shop Busan
▲ Lotte Duty Free Shop Jeju
▲ Silla Duty Free Shop Jeju
Louis Vuitton has strict control:
Louis Vuitton strictly controls the number of stores in the world so that it does not increase rapidly.
Since South Korea’s contribution to sales is low, it is highly likely that it will withdraw from duty-free shops in the city.
Shift to duty free shops in China:
It plans to concentrate on Chinese airports and duty-free shops in Macau.
Six new stores will open at Chinese airports by the end of next year.
Chosun Online | Chosun Ilbo
http://www.chosunonline.com/m/svc/article.html?contid=2021060380205