French online media reports quoted the CEO of LVMH Group China as saying that LVMH Group is full of confidence in the Chinese luxury goods market in 2009. Currently, LVMH Group has 27 brand stores in China, and the 27th one was opened in January 2009. Settled in Taiyuan City on September 16th. For this reason, in the context of the global economic downturn, LVMH Group is confident in the prospects of China’s luxury goods market with such performance in China.
According to Bain & Company’s analysis of future luxury market trends, in the next five years, LVMH Group’s market share in China is expected to expand at an average annual rate of 30%.
