How Cartier, LVMH, and other luxury brands are preparing for the Olympic’s retail boost

Luxury retailers in European cities outside France are jockeying for business from deep pocketed tourists this summer, betting on a surge in visitors avoiding crowds and street closures in Paris during the Olympic Games. “Paris will probably be slow,” with cities like London, Milan or Barcelona likely seeing a lift in traffic during the event, Cartier CEO Cyril Vigneron said on Friday. The Summer Games, which run from July 26 to Aug. 11, are probably “not the right time to...