Drooid Logo
Back to today’s briefing

Story perspectives

Louis Vuitton Closes Guiyang Store, Cutting China Presence

8/24/2026

50 3 Full Breakdown

1 of 1

Story summary
  • Louis Vuitton will close its Guiyang store in China on August 31.
  • The closure cuts the brand’s southwestern China presence to three stores, down from six.
  • A Chinese court ordered Molly Tea to pay Louis Vuitton 10.3 million yuan (US$1.5 million) in July.
  • S&P Ratings director Sandy Lim warned the dispute could damage Louis Vuitton’s appeal to younger Chinese consumers.
  • Louis Vuitton will open a store in Beijing’s Taikoo Li Sanlitun North in December.