Sources tell us that French luxury group Louis Vuitton Moët Hennessy (LVMH) is looking to buy Canadian real estate to open stores. The company is looking to own retail space as rents continue to skyrocket on some of the world’s most expensive luxury retail streets.
LVMH is apparently in talks to purchase a large substantial space on Toronto’s Bloor Street West to house a large Christian Dior store, as well as possibly other LVMH brands. The company already leases space in Canada, including Louis Vuitton and De Beers. Construction starts soon on its Christian Dior store in Downtown Vancouver. Buying retail space may also be the first step for LVMH to open Canadian branches of brands that it owns including Bulgari, Givenchy, Céline, Fendi and others.
We’ll keep this article brief while we continue researching this topic. Check back for updates on this potentially exciting development in Canadian luxury retailing.