Louis Vuitton has decided to spread its luxury tentacles in China, with the laubch of three new stores this year in the country.
The new stores are planned to be located in Chengdu, Ten-hour and Shenyang.
China's aspiration for brand and style is strong, and with the increased purchasing power of Mainland China consumers, the company stands bright chances.
But, with the presence of a huge high-quality counterfeit goods markets, I think it will be tough. A majority of Louis Vuitton fakes in North American markets are made in China.