LVMH Nears China Store Openings as Luxury Demand Rebounds

LVMH is set to open major stores in China in December and is considering further expansion there, according to people familiar with the matter, as high-end brands see early signs of a sales rebound in the world’s second-largest economy.

Four LVMH labels — Louis Vuitton, Dior, Tiffany and Loro Piana — are slated to open multistory stores in Beijing this December after years of development, said the people, who asked not to be identified discussing private matters. Some of the stores, located in Taikoo Li Sanlitun — a high-end shopping compound developed by Swire Properties Ltd. — had seen slow construction progress amid a luxury sales slump, people familiar with the matter said last year.