By and  on January 31, 2013

PARIS — Louis Vuitton will accentuate quality, not quantity, to solidify its position in the marketplace, and to ensure future growth.

That’s the word from luxury titan Bernard Arnault, who elaborated on “adjustments” in Vuitton’s “elitist” strategy as he disclosed a 12 percent bump in 2012 net profits at LVMH Moët Hennessy Louis Vuitton — and voiced confidence about the group’s prospects for 2013.

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