LVMH CEO has said in increasing its productive capacity in the United States.
The company, which is mainly produced in France, runs three Louis Vuitton workshops and some jewelry making sites in the United States in the United States
Arnault, the main shareholder in LVMH, said that the American authorities encourage more investment and that the company is evaluating its options. After the quarterly LVMH results, he indicated that the United States -based factories benefit from the tax conditions, while France proposes additional taxes on large companies to address the budget shortcomings.
Arnault and his family attended the opening of Donald Trump in the second term earlier this month, as they were near business leaders including Elon Musk and Mark Zuckerberg. He was previously working on US real estate after leaving France after the election of Francois Mitterrand and called on Trump to open the Luis Vuitton factory in Texas during his first term.
He said that the feelings of work in the United States are improving, while France’s policies create uncertainty. LVMH employs more than 40,000 people in the United States, which represents 25 % of its global sales.
LVMH increased 1 % in fourth quarter sales to 23.9 billion euros ($ 25 billion), indicating growth in major brands such as Louis Vuitton and Tivani. ARNAULT said the year began with a stronger request and that the group is to put more expansion.
LVMH shares fell 3.5 % in Frankfurt’s trading early on Wednesday, as sales growth in the recent results of competitors did not match. Richmont and Burberry recorded a quarterly quarter -sales than expected, which increased market expectations.
