Louis Vuitton Reportedly Mulling U.S. Factory For Production
Louis Vuitton is in the midst of negotiating to establish a U.S.-based factory, possibly in the Carolinas or Texas, and has plans to boost production in France and Portugal, Bloomberg reports. CEO Michael Burke spoke with Bloomberg during the Louis Vuitton show at Paris Men’s Fashion Week, but didn’t provide many details, according to the report. The idea was floated by the brand, owned by luxury conglomerate LVMH, in a meeting with President Donald Trump, who wants to boost manufacturing in the United States, according to the report. Along with its sibling luxury brands in the LVMH stable, Louis Vuitton is bouncing back somewhat after a tough year, particularly in Europe, where activity was affected last year by the impact of the November 2015 attacks in Paris. As a result, the company said in April that current sales trends can’t reasonably be extrapolated for the full year. Read more at Retail Dive.
