The LVMH group continue to innovate… with their business model covering wholesale to mono brand retail (think: Louis Vuitton, DIOR, FENDI etc) to multi marque retail department store Le Bon Marche, then to the renovation of La Samaritaine, a former Paris department store.LVMH acquired the La Samaritaine department store in 2001, but closed it in 2005, saying the building was a fire hazard. Now, LVMH plans to convert the 141-year-old Art Nouveau structure into a hotel. Click here to find out more.
We thought it was interesting that the La Samaritaine’s website is still online with a short message about the department store’s closure, and a free call consumer information number.
La Samaritaine image, courtesy of wikimedia