Louis Vuitton's new boutique in Shanghai is no ordinary luxury flagship. Located in the Nanjing Road shopping district in the heart of Shanghai, "The Louis" is a 30-meter-long store in the shape of an ocean liner. It includes an exhibition space and a café.
Of course, such a boutique attracts crowds of curious people who want to take pictures of themselves against the backdrop of an unusual store and share the photo on social networks. In this way, the owner of Louis Vuitton, the French luxury group LVMH, seeks to attract customers to its boutique, offering them a unique shopping experience.
Experts say luxury brands are facing slowing demand in China. The size of the Chinese market shrank by more than 18% last year to around 350 billion yuan (41,4 billion euros), according to estimates from consultancy Bain, and sales are expected to stagnate in 2025. Meanwhile, the pace of “experience products” is growing.
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