Reported 1 day ago
LVMH's CEO, Bernard Arnault, expressed a desire to expand the company's production in the U.S. due to a favorable business environment compared to the increasing taxation in France. Currently, LVMH operates only three Louis Vuitton workshops and some Tiffany sites in the U.S., but Arnault highlighted a push from American authorities for the luxury giant to grow its presence. His frustration with the French bureaucracy contrasts with the optimism he found during his recent visit to the U.S.
Source: YAHOO