PARIS — When Louis Vuitton surpassed 150 locations in the early Nineties, many people told Vuitton chief executive Yves Carcelle that the brand might have reached its saturation point.

This week, as the world’s biggest luxury brand crosses the 310-store threshold with openings in Tokyo’s Roppongi Hills and a replacement unit on Avenue Montaigne here, Vuitton is defying convention again — and demonstrating its momentum despite a sluggish luxury market.

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