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Wednesday, October 15, 2008


paris - is it just me or does lvmh own a whole lot of businesses and properties. i mean, i understand that that's the whole point of being a conglomerate, but still. lvmh owns a 26,000 square foot retail complex in paris called la samaritaine. (please don't give me the side eye if this is general knowledge. one can only know but so much.) in any case, lvmh wants to redevelop the space into a mixed use property including retail, food, apartments and a hotel. the french government has blocked their hopes, because they'd like to add a social housing component (read: poor people) to the mix, which we can all be sure lvmh is not happy with. this has put the company's plans to reopen the space by 2013 on hold. stay tuned..

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