USA: To discuss the company’s expansion in the US, French fashion executive Bernard Arnault, CEO of LVMH met the US President-elect Donald Trump last week. While commenting on the success of LVMH’s established factories and the success of certain products manufactured in San Dimas, California, in the past 25 years, Arnault confirmed a potential American expansion and said that he was considering opening new factories in Carolina or Texas in the near future.
As part of the President-elect’s focus on the provision of manufacturing jobs in the US, Trump also hinted that the discussion remained focussed on the creation of ‘a lot of jobs,’ suggesting that LVMH is ‘going to do some great things in this country’.
LVMH is a European multinational luxury goods conglomerate, native of France and headquartered in Paris. The Group currently employs more than 83,000 people and operates over 2,400 stores worldwide.