LVMH to Kering Defy Luxury Slowdown With More Stores in Europe

Owners of luxury brands ranging from Gucci to Fendi and Bulgari opened more stores in Europe last year despite a slowdown in the wider sector.

The continent’s leading luxury retail streets saw a 13% rise in new outlets last year, data compiled by global real estate broker Cushman & Wakefield Ltd. show. Brands owned by LVMH Moët Hennessy Louis Vuitton SE, Kering SA and Cie Financiere Richemont SA made up almost a third of those stores.