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Keyword: arnault

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  • France's richest man, LVMH's Arnault, slams proposed billionaire tax

    09/21/2025 8:39:07 AM PDT · by Oldeconomybuyer · 22 replies
    Reuters ^ | September 21, 2025 | by Leigh Thomas
    PARIS, Sept 21 (Reuters) - Bernard Arnault, the boss of luxury goods group LVMH and France's richest man, has attacked a proposed 2% tax on billionaires as an assault on France's economy and denounced the plan's architect as a far-left ideologue. The tax, which would target wealth above 100 million euros ($117 million), has gained political traction in France, where Prime Minister Sébastien Lecornu faces pressure from the Socialist Party to include it in the 2026 budget or face a confidence vote that could topple his government. He accused the plan's architect, economist Gabriel Zucman of being "first and foremost...
  • Bernard Arnault Considers Expanding US Factories after Meeting with Trump

    01/10/2017 10:30:57 AM PST · by 2ndDivisionVet · 11 replies
    NEW YORK – French billionaire Bernard Arnault, proprietor of the luxury fashion conglomerate LVMH, announced Monday his intention to “expand” his factories in the United States following his meeting with President-elect Donald Trump. In a statement to reporters upon leaving Trump Tower, Arnault said he considers building in the near future two new textile factories in this country, “possibly” in the state of North Carolina or in Texas. The French fashion entrepreneur said his company has made Louis Vuitton products in California for more than 25 years, and due to the brand’s success, he’s going to expand the business in...