Luxury in Asia

LVMH Moet Hennessy Louis Vuitton, the world’s largest luxury-goods company, on Monday said its third-quarter sales slipped 0.6%, hindered by the consumer-spending implosion and retailers working down inventories without ordering new merchandise. The luxury-goods industry likely won’t fully recover from the downturn until 2011 or 2012, consulting firm Bain & Co. said in a forecast [...]

While all the other brands are busying to set up more shops in China, Louis Vuitton Hangzhou store (Hangzhou Tower) was just closed last Friday after a spot check of local industry and commerce authority, reported by Today Morning Express (a local newspaper).

No more display in the windows, non more products in the store. LV logo was carefully [...]