LVMH Chairman Arnault Visits Korea After 3 Years, Stops at Shinsegae and Lotte

Bernard Arnault, chairman of Louis Vuitton Moet Hennessy (LVMH), the world’s largest luxury group, visited Korea after three years. His first stop was Shinsegae Department Store’s main branch, accompanied by his eldest daughter Delphine Arnault, CEO of Christian Dior. In the afternoon, Arnault visited Lotte Department Store’s main branch and other locations, and reportedly met Lotte Chairman Shin Dong-bin at the Jamsil branch. The visit drew renewed attention to ties between LVMH and Korea’s major department store operators in the luxury retail market. The original report also highlighted interest in domestic luxury spending with the phrase, “Did they buy 1.8 trillion won worth of Louis Vuitton in one year?” Source: mk.co.kr