LVMH Sees No Slowdown in Luxury Goods Demand, Expands in Asia

LVMH Moet Hennessy Louis Vuitton SA, the maker of Celine handbags and TAG Heuer watches, sees no signs of slowing demand for luxury products in Europe or America, said Yves Carcelle, who runs the fashion and leather goods unit.

“Even in period of crisis, people want to treat themselves,” Carcelle, 63, said at the opening of a Louis Vuitton shop at the Marina Bay Sands in Singapore today. “We don’t see any signs of slowing down whether it’s in Europe or in America. The world of luxury doesn’t obey the same rule.”