By  on April 16, 2013

PARIS — The Asian growth engine remained stalled in the first quarter, but LVMH Moët Hennessy Louis Vuitton still believes that the key to future growth in China lies in fewer stores and pricier products.

That was the key message from Jean-Jacques Guiony, chief financial officer of the world’s biggest luxury goods group, after LVMH reported that revenue growth slowed in the first three months of the year to 5.5 percent from 12 percent in the fourth quarter of 2012.

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