Arnault has also turned his attention to emerging markets. Louis Vuitton entered India in 2002 with a boutique at a luxury hotel; now, Fendi. Tag Heuer, and Dior are open for business as well. LVMH has a lock on prime locations at Emporio, an upscale shopping mall that opened recently in New Delhi. Because LVMH has a group presence in the mall, it can negotiate favorable lease rates for retail space. Arnault's expansion coincided with the September 2007 launch of Vogue India. Once again, thanks to LVMH's diverse brand portfolio, the company is able to buy large blocks of advertising space from Condé Nast India at discounted prices