VENDOME, FRANCE – Louis Vuitton, the world’s largest luxurious label and a part of LVMH Moët Hennessy Louis Vuitton, plans to ramp up manufacturing in France, with two new websites scheduled to open earlier than the top of the yr, LVMH boss Bernard Arnault mentioned on Tuesday.
“We're on the finish – I hope – of an financial disaster, I hope a geopolitical disaster received’t attain us – however we’ve managed to get via this disaster in a stronger place,” mentioned Arnault, outlining plans so as to add new websites earlier than the top of the yr, bringing the label’s complete to twenty in France.
Booming demand for European trend and equipment has fueled a steep rise in gross sales on the luxurious group in addition to its rivals, together with Kering and Richemont.
French President Emmanuel Macron has mentioned that the style and luxurious business grew to turn into the nation’s largest exporter final yr.
Arnault spoke throughout an inaugural go to to 2 new leather-based items workshops in Vendome and Aze, France, alongside French Finance Minister Bruno Le Maire and Louis Vuitton Chief Government Officer Michael Burke.
Burke mentioned Louis Vuitton has been promoting “extra trunks than any yr within the nineteenth century,” citing “extraordinary progress” within the gross sales of the label’s historic product to People, Chinese language and Koreans.
“We wanted a devoted workshop for unique (merchandise),” mentioned Burke, referring to the brand new website in Vendome, which is housed in a former abbey.
“We consider that achieved in a sustainable trend, that is an especially vital commerce to keep up,” mentioned Burke.
Louis Vuitton additionally has two manufacturing websites in California and one in Texas, in addition to websites in Italy and Spain.
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