Luxury market loses oomph

No 1 Louis Vuitton

Louis Vuitton Malletier, commonly referred to as Louis Vuitton, or shortened to LV, is a French fashion house founded in 1854 by Louis Vuitton. It is famous for its handbags, luxury trunks and leather goods and favored by Chinese customers. It is an essential accessory for fashionable Chinese women. LV outlet in Galeries Lafayette, an upmarket department store in Paris, has a rule that limits one bag per passport to prevent Chinese customers clearing their whole inventory.

Pedestrians stand in front of a store of luxury brand Louis Vuitton in Chongqing, China, 14 December 2013. [Photo/dfic.cn]