Louis Vuitton to build shoe plant in India
Louis Vuitton to build shoe plant in India
Reuters
Paris: French luxury goods label Louis Vuitton is considering building a shoe plant in India, according to a newspaper report.
The manufacturing facility will be located near Pondicherry and would only attach soles to the uppers of Louis Vuitton shoes.
As a result, the shoes would still carry the “Made in Italy" label because most of the work involved would continue to be carried out in Italy, it said.
A spokesman for LVMH, Louis Vuitton’s French parent, denied that it was looking to emerging markets to cut manufacturing costs.
India is emerging as a big market with hi-end fashion stores and labels making their presence felt through exclusive outlets and franchising arrangements.
Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!