Louis Vuitton Moët Hennessy (LVMH) on the hunt to buy Canadian real estate

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, CélineFendi 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. 

[LVMH website]

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Article Author

Craig Patterson
Craig Patterson
Now located in Toronto, Craig is a retail analyst and consultant at the Retail Council of Canada. He's also the Director of Applied Research at the University of Alberta School of Retailing in Edmonton. He has studied the Canadian retail landscape for the past 25 years and he holds Bachelor of Commerce and Bachelor of Laws Degrees. He is also President & CEO of Vancouver-based Retail Insider Media Ltd.

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7 COMMENTS

    • LVMH already owns Le Bon Marché in Paris, as well as some large duty free shopping gallerias. Department stores could be an interesting move, though we’re not aware of any possible department store purchases by LVMH here in Canada.

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