LVMH Bets on South Korea to Spur Growth on US, China Uncertainty

LVMH is ramping up its expansion in South Korea, with the luxury conglomerate looking to diversify its global presence as geopolitical and economic uncertainties hurt the consumer spending outlook in the US and China.

The group’s two largest fashion labels, Louis Vuitton and Christian Dior, are both looking to expand their flagship maison-style stores in Seoul’s Cheongdam district within the next few years, according to people familiar with the matter, who asked not to be identified…