Luxury brand Louis Vuitton has raised its prices by an average of 5 percent amid consumer ire over inflated prices and labor abuse by parent company LVMH.
Sephora is exiting the Korean market after struggling to understand the preferences of the country's consumers. It has faced an uphill battle against domestic beauty chain CJ Olive Young.
Distilled spirits such as cognac and whisky – long regarded as a drink for older men - are growing in popularity among young Koreans. Trendy bars are popping up here and there, appealing to young men and women grabbing a drink "not in excess ...
Louis Vuitton Korea saw a surge in its net profit last year thanks to many consumers’ splurging following the pandemic.
LVMH founder and chairman Bernard Arnault met with the executives of Korea retail companies during a three-day stay in Korea, floating the possibility of opening new LVMH shops in domestic department stores and duty-free stores. Arnault visited...
Upon returning home about 20 days ago, I learned of Virgil Abloh’s death from my teenage son.Abloh was the artistic director of Louis Vuitton (LVMH). At school, he studied architecture and engineering. Even as a trained...
Some Koreans are buying luxury company stocks so they can make enough money to buy luxury goods.
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