30 pc local term for "nonsense" the luxury retailer, says Louis Vuitton Yves Carcelle

  Yves Carcelle, chairman and CEO of the world's most valuable luxury brand Louis Vuitton says, his "nonsense" for India to 30 percent local procurement clause on foreign luxury brands seek to impose investment in single brand retail. In fact, he said that the € 2.5 billion (Rs 17.500 crore) brand stores opened more than five in India, if not. For its poor infrastructure and restrictive policies Carcelle, 64 stepped aside to Jordi Constans at the end of this year, after a passage of 22 years, as he transforms from a Louis Vuitton suitcase for a luxury fashion house selling clothes, watches, jewelry and sunglasses. A graduate in mathematics and sailors, was open to fifth in Chennai Carcelle Louis Vuitton Store in India. HE Vijaya Rathore took him for an exclusive interview.