Louis Vuitton Archives | Be Korea-savvy
Consumers Cry Foul as Luxury Brands Continue to Raise Prices

Consumers Cry Foul as Luxury Brands Continue to Raise Prices

SEOUL, March 22 (Korea Bizwire) — Luxury fashion brands including Louis Vuitton and Hermès have continued to jack up the prices of their products in South Korea, raising eyebrows among consumers. According to industry sources on Wednesday, some Louis Vuitton items have seen price hikes at duty free shops this month, following earlier price increases late [...]

Louis Vuitton Losing Past Luster in S. Korean Market

Louis Vuitton Losing Past Luster in S. Korean Market

SEOUL, Nov. 13 (Korea Bizwire) — Luxury brand Louis Vuitton has fallen behind its rivals in the South Korean market, with sales dipping into minus territory this year, industry data showed Monday. Sales at a leading department store for the international fashion house for the January-October period backtracked 5.3 percent. Demand for Louis Vuitton products [...]

Omnipresent Louis Vuitton Bags Failing to Make Impression

Omnipresent Louis Vuitton Bags Failing to Make Impression

SEOUL, March 2 (Korea Bizwire) – Louis Vuitton, along with Chanel and Hermès, is considered in South Korea as one of the big three high-end designer brands that are typically supposed to appeal to the top one-percent.  And while Chanel and Hermès continue to symbolize wealth and affluence, Louis Vuitton has recently been struggling to [...]

KT&G Tops Louis Vuitton in Airport Duty Free Sales

KT&G Tops Louis Vuitton in Airport Duty Free Sales

INCHEON, Aug. 1 (Korea Bizwire) – Since 2015, KT&G (Korea Tobacco & Ginseng Corporation) has been able to maintain a winning streak in duty free store sales at Incheon International Airport. According to airport data, KT&G product sales at Korea’s leading airport came to 103.1 billion won ($92.7 million) and 71.8 billion won, respectively, in [...]

CLIO Expands Overseas Business Following LVMH Investment

CLIO Expands Overseas Business Following LVMH Investment

SEOUL, July 25 (Korea Bizwire) – CLIO, a Korean cosmetics maker, revealed Monday that it had successfully secured a $50 million investment from L Capital Asia, a private equity fund formed in 2009 by LVMH (Moet Hennessy Louis Vuitton). This marks the fund’s second venture with a Korean enterprise following its investment in YG Entertainment [...]

HDC Shilla Formally Opens Duty-Free Store in Central Seoul

HDC Shilla Formally Opens Duty-Free Store in Central Seoul

SEOUL, March 25 (Korea Bizwire) – HDC Shilla Duty Free, a joint venture between Hotel Shilla and Hyundai Development, officially opened its new duty-free store in central Seoul on Friday, featuring 200 more brands four months after its pre-opening. The new outlet spanning 16,500 square meters is located in the Hyundai I’Park Mall in Yongsan, the railway [...]