THAILAND: High Import Duties Obstruct Louis Vuitton Global Strategy
French fashion house Louis Vuitton will not make further investments in Thailand until import duties on luxury goods are reduced, the Bangkok Post reported today. The company's strategy for Thailand this year is to strengthen the local market segment by innovating and reintroducing product lines, with a focus on marketing to existing customers. Aside from that, "we have to wait and see", said Pierre Balsan, general manager of Louis Vuitton (Thailand) SA.
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