Louis Vuitton: Withdrawing from Duty Free Shops in South Korea:
-The cause is “Chinese bearer” as a problem-
January 13, 2022
Korea / Seoul Economy:
The world’s three largest brands, Louis Vuitton, have begun to withdraw from duty-free shops in South Korea.
Lotte Duty Free Shop
Jeju store
The Louis Vuitton department was closed on January 1st.
Lotte Duty Free has closed its business due to the impact of the new coronavirus. ”
Louis Vuitton, South Korea:
4 Seoul stores,
Jeju 2 stores,
It has entered one city duty-free shop in Busan.
The plan is to organize the sales floors one by one by October.
“Withdrawal from the Seoul store is just a matter of time,” he said.
Luxury watch brand
Rolex
It had sales floors at 10 duty-free shops in the city in South Korea.
However, last year they all withdrew, leaving one store each at Seoul, Jeju, and Incheon Airport.
Defects in Korean Duty Free Shops:
Escape from overseas luxury brands is progressing at duty-free shops in South Korea.
The background is that Korean duty-free shops depend on Chinese “carryers”.
It was judged that the brand value was greatly damaged by the Chinese “bearer”.
It is said that 90% of the sales of duty-free shops in the city are from “carryers”.
Korean internet users:
“It’s true that when China gets involved, it’s always downgraded.”
“That’s why I told you not to get involved with Chinese people.”
“Korea was embarrassed that the reason for withdrawal was Chinese.”
There are many comments that ridicule China.