LVMH Weighs Expanding U.S. Operations Amid French Tax Concerns

CEO Bernard Arnault cites U.S. optimism and tax advantages as France considers corporate tax hikes on large companies.

LVMH CEO Bernard Arnault expressed frustration over proposed French corporate tax hikes, which could rise to 41.2% for major companies like his.
Arnault highlighted a 'wind of optimism' in the U.S., contrasting it with what he described as a 'cold shower' in France's business environment.
The luxury conglomerate is considering expanding its U.S. production footprint, building on existing sites in Texas and California, as well as its Tiffany & Co. operations.
Arnault praised the U.S. government's pro-business policies, including potential subsidies and lower taxes, while addressing concerns about tariffs on foreign goods.
France's government defended the proposed tax increases as temporary, while emphasizing LVMH's importance as a symbol of national pride.