Luxury conglomerate LVMH Moët Hennessy Louis Vuitton is expected to begin construction in the next few weeks on the $598.4 million redevelopment of its 860,000-square-foot La Samaritaine department store space in Paris, which closed eight years ago because of fire-safety concerns. Plans for the revamped property will include a five-star hotel alongside duty-free shopping, reflecting the company's efforts to cater to both luxury shoppers and a growing group of tourists from developing countries.

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