LVMH Moet Hennessy Louis Vuitton SA the world's largest luxury company expects its recently reopened flagship on Paris' Champs Elysees to attract 1.5 million visitors this year.
It will open its first luxury stores in Kiev and Oslo, Norway and its first Budapest store Ukraine.
Russians are targeted, as they not only shop in domestic markets but in Europe, as well.
According to a survey, fresh tourists from Eastern Europe and China are bringing dynamism to the luxury brands while a real economy in France and Italy is not as satisfactory.
Louis Vuitton operates 360 stores around the world of which 85 are in Europe.
Company, opens on an average 15 new stores each year is also adding outlets in China and the US.
Louis Vuitton is also stoking demand by introducing a new line of handbags called Damier Azur.
The collection is based on original beige and brown check motif first introduced in 1888, includes a Pampelonne model for €1,250 and a Noe version for €565.
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