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black prada handbag hundred thousands of euros in sales and become profitable in three years.LVMH is stepping up investment in men's wear, as is its rival PPR, with its acquisition of Italian tailor Brioni to tap demand in Asia and position itself for future growth in emerging markets.The group's wines and spirit division, which makes Hennessy cognac, also improved in the fourth quarter with like for like sales up 9 per cent against 6 per cent in the third quarter.The group proposed an increase of 12 per cent of its annual dividend to 2.9 a share.LVMH, which is controlled by separately listed Christian Dior through a 41 per cent holding, has no plans to change its shareholder structure, Mr. Arnault said.Louis Vuitton slows down expansion to protect imageArnault said publicly for the first time that the brand's wide footprint risked making it too commonplace, and analysts said the decision explained the recent drop in sales growth at Louis Vuitton in recent quarters.Louis Vuitton, which generates more than half of LVMH's operating profit, has been opening shops in the past decade in places as remote as Mongolia. It is now in 50 countries with more than 460 shops and generates more than 7 billion euros in annual sales."The group's strategy now is to limit store openings," Arnault said at the group's annual results presentation. "We want to focus on leather products with high value added."Louis Vuitton, which is known for its LV embossed handbags, has started offering customers made to order bags in exotic skins and created invitation only spaces in its shops.Instead of opening new boutiques, he said, Louis Vuitton will expand existing ones, as well as offer customers a more personal relationship.Arnault said Louis Vuitton, which recently launched a major television ad campaign, was not planning to open boutiques in second and third tier cities in China to "avoid becoming too commonplace."Analysts said Arnault's comments mean Louis Vuitton would probably not open shops for some time, a strategy that helped boost revenues in the past."This means that short term growth should be more moderate, as we have started to experience for a few quarters," said luxury analyst at Exane BNP Paribas Luca