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Shinsegae Duty Free Inc. is set to launch a Louis Vuitton store in its outlet at the Terminal 2 of the Incheon International Airport. The duty-free operator under the Shinsegae Group will also be directly managing the French luxury shop.
Various local publications reported that Shinsegae Duty Free is set to finalize the negotiations with Louis Vuitton for the opening of the store at Terminal 2. The talks are already in the last stage so customers can expect to see a new LV outlet at the Duty Free located at the Incheon Airport.
According to Pulse News, the company was given the DF4 zone for fashion and accessories at multi-story store Duplex. The newest Louis Vuitton outlet will be one of the few duty-free stores in South Korea after it pulled out in Jeju Island and Busan in 2022.
It was in 2011 when the luxury brand first opened a duty-free store at the Incheon International Airport. Since then, it has been operating in Terminal 1 and this year, as it will be operated by Shinsegae Duty Free, it will have another shop at the airport's Terminal 2.
Meanwhile, in March, The Investor reported that the chief executive officer of the LVMH Moët Hennessy Louis Vuitton visited South Korea to meet with retail business leaders. At that time, the company’s CEO Bernard Arnault was accompanied by his daughter Delphine Arnault who is currently the head of Christian Dior.
It was reported that the LVMH chief was in the country to discuss his company’s plans related to duty-free and department store business. In his brief three-day stay, he was able to meet up with Lotte Group’s chairman, Shin Dong Bin, and they talked about how Lotte and LVMH can cooperate for future business.
Finally, Bernard Arnault also met Shinsegae Department Store’s chief Sohn Young Sik and they could have already discussed the latest store opening at the company’s duty-free shop at the airport.
Photo by: Christian Wiediger/Unsplash
