Daily Digest

LVMH to Mix Luxury and Tourism in Paris

La Samaritaine | Source: The Wall Street Journal

“Luxury-goods giant LVMH Moët Hennessy Louis Vuitton has a plan to mix class and mass tourism in the heart of Paris. Eight years after concerns about fire safety forced LVMH to close its department store La Samaritaine, the retailer is set to break ground on a €460 million ($598.4 million) redevelopment of the iconic property.”