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Article: FASHION SCOOPS: WE ARE THE WORLD... NUCLEAR FAMILY... RED-LETTER DAY.(LVMH Moet Hennessy Louis Vuitton S.A plans to open in China)
- Article from:
- WWD
- Article date:
- October 11, 2005
CopyrightCOPYRIGHT 2005 Conde Nast Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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WE ARE THE WORLD: Globalization: It's a good thing. And the French worry far too much about China being a threat to their jobs. So says LVMH Moet Hennessy Louis Vuitton chief Bernard Arnault, who used a press conference Monday about the new Louis Vuitton flagship on the Champs-Elysees to send a confidence-boosting message to his nation. "Instead of worrying, we can adapt," he said. "Soon we will be opening another Louis Vuitton house in Beijing and there we're selling products made in France. This is a symbol of French success. Fine French craftsmanship is very much appreciated by customers in that region."
During a question-and-answer period, Arnault was asked ...