US EditionLVMH's Arnault plans new Texas factory as company awaits US-EU trade deal
TEXAS, USA, JUL 25 – LVMH plans to open a Louis Vuitton factory in Texas by 2027 as part of its expansion and tariff navigation strategy amid awaited US-EU trade agreement.
- Bernard Arnault, CEO of LVMH, revealed in a Wall Street Journal interview that Louis Vuitton plans to establish a manufacturing facility in Texas by the year 2027.
- This announcement comes amid ongoing tensions as Arnault lobbied EU leaders to ease trade conflicts with the Trump administration affecting U.S.-EU relations.
- LVMH experienced a sharper-than-anticipated 9% drop in its main fashion and leather goods division during the second quarter, alongside a total sales decrease of 4%, impacted in part by reduced tourism.
- Despite a 15% year-over-year EBIT decrease, Deutsche Bank said LVMH's first-half earnings slightly exceeded analyst forecasts and its shares rallied 2.5%.
- The new Texas factory and lobbying efforts reflect LVMH's strategic moves to manage U.S. tariffs and support long-term growth amid a challenging trade environment.
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LVMH's CEO warns about the consequences of a commercial war and stresses the importance of the US market "In 2008, many people considered that luxury had reached its peak, with the
·France
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NBC Chicago+3 Reposted by 3 other sources
LVMH shares jump 2.5% after reporting better-than-feared earnings, Texas factory plans
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·Chicago, United States
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The net result of the luxury group plunged by 22% over the first six months of the year. Louis Vuitton will open a new factory in Texas in 2027.
·Paris, France
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LVMH CEO calls on the EU to quickly conclude a trade agreement with Washington to avoid a heavy impact on industry. He also welcomes China's agreement on cognac
·France
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Total News Sources15
Leaning Left5Leaning Right0Center6Last UpdatedBias Distribution55% Center
Bias Distribution
- 55% of the sources are Center
55% Center
L 45%
C 55%
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