The store would have been LV's largest in the world.
By on December 16, 2008
TOKYO–Louis Vuitton has scrapped plans for a new 10-story Ginza flagship due to open in 2010 against a backdrop of declining luxury goods sales in Japan. The store, which was set to be Louis Vuitton’s largest worldwide, would have complemented Louis Vuitton’s already extensive network of stores and sales points in the city. Louis Vuitton confirmed its plans for the Ginza tower in May. A spokeswoman at Burson-Marsteller, speaking on behalf of Louis Vuitton Japan KK, said Tuesday that Vuitton and real estate developer Hulic Co. had been in talks for a Ginza store but the parties couldn’t reach a mutually satisfactory agreement and terminated negotiations. She declined further comment. The move comes as luxury goods makers and retailers continue to struggle in Japan amidst a global recession. As reported, brands including Louis Vuitton, Dior, Prada and Salvatore Ferragamo are cutting prices here in a bid to lure customers back to their stores. Vuitton parent company LVMH Moët Hennessy Louis Vuitton saw its sales in Japan fall 7 percent for the nine months ended Sept. 30.
This story first appeared in the December 17, 2008 issue of WWD. Subscribe Today.
“I’m looking forward to jumping into the creative process and exploring fashion through a different lens,” said actor Michael B. Jordan exclusively to WWD about becoming the first face of @coach ‘s men’s business. Not only will the actor appear in its global ad campaigns, but he will also create a capsule with designer Stuart Vevers. Tap the link in our bio to learn more. #wwdfashion
“The name of the show is GP — giant pockets,” said Karl Lagerfeld pre-show, in his backstage meeting room at @Fendi to Bridget Foley. @Bellahadid was one of the many famous faces who graced the catwalk including @Gigihadid, @Adwoaaboah, and yes, even @Kendalljenner. #wwdfashion
Photographed by Kuba Dabrowski/WWD
“We are obsessed with Fendi and we want to share this obsession,” said CEO Serge Brunschwig to WWD. @Fendi will be releasing a new capsule collection Oct. 16 centered around the Fendi/Fila logo created by Instagram artist @Hey_reilly. Further proving the logo trend isn’t going anywhere. Link in our bio for more details. #wwdfashion
Earlier this month at the #WWDStyleDimension, @origins previewed its latest face mask— Hello Calm with relaxing and hydrating Cannabis Sativa Seed Oil. It’s now available in Origins stores & online, and on @sephora.com. Perfect for some post fashion week R&R. #DiscoverOrigins