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Bernard Arnault Defends LVMH’s Fiscal Practices in Heated Senate Hearing

The LVMH chairman denied tax evasion claims, justified job cuts, and clashed with senators over press freedom and public subsidies.

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«Le Monde c’est plutôt LFI», tacle Bernard Arnault en pleine commission d’enquête

Overview

  • Bernard Arnault appeared before the Senate commission on May 21, 2025, to address scrutiny over LVMH’s public subsidies and tax contributions.
  • Arnault rejected accusations of tax optimization, highlighting LVMH’s €6 billion in global corporate taxes paid in 2023, including €64.5 million in French tax credits and €193 million in social contribution reductions.
  • The LVMH chairman defended the company’s planned 1,200 job cuts in its Champagne and Cognac divisions, disputing claims they contradict its receipt of public aid.
  • Arnault argued that duty-free sales mechanisms are essential for France’s luxury market competitiveness and not a form of fiscal aid.
  • Tensions flared as Arnault criticized media outlets, calling Le Monde “rather LFI,” and sparred with Senator Fabien Gay over press independence and LVMH’s media ownership.