Reported about 21 hours ago
LVMH's CEO Bernard Arnault has indicated the company is contemplating expanding its production in the U.S., driven by a favorable business environment there compared to France's rising corporate tax pressures. While luxury brands seek to capitalize on the American market, particularly with weakened demand in China, any movements to increase production in the U.S. are expected to remain modest. The company is also focused on increasing in-house manufacturing for its brand Dior in Europe, as maintaining high quality remains paramount.
Source: YAHOO