Bernard Arnault and Michel-Édouard Leclerc Clash Over French Economic Policies

The LVMH CEO defends his stance on corporate taxes and accuses the retail magnate of lacking commitment to French producers.

Bernard Arnault, CEO of LVMH, responded to criticism from Michel-Édouard Leclerc regarding comments on France's corporate tax policies and potential business relocation.
Arnault clarified he never threatened to relocate LVMH, instead arguing that proposed tax increases could incentivize companies to move operations abroad.
Leclerc criticized Arnault's remarks as unhelpful, emphasizing his own commitment to supporting local French businesses and rejecting 'relocation threats.'
Arnault countered by urging Leclerc to stock more French-made products in his stores and to stop pressuring French suppliers for lower prices.
The debate comes amid broader discontent among French business leaders over rising corporate taxes, with the government defending the measures as temporary and necessary for economic stability.