Louis Vuitton scales back growth to regain luxury lustre

01/31/2013 | Reuters

Louis Vuitton will slow its global expansion plans and focus on promoting its high-end brands in an effort to keep the brand from losing its luxury cachet, said CEO Bernard Arnault. The brand, owned by luxury conglomerate LVMH, had been in expansion mode and now operates more than 460 stores in 50 countries.

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