When the brand trump has met with the Brand Vuitton – The New York Times

He also played long in the corridors of power. In addition to the current French President, Mr. Macron, he was also close to the previous President, Nicolas Sarkozy, as well as Tony Blair, the former British Prime Minister. (Mr. trump asked Mr. Arnault to say Hello to Emanuel for him, even though we have our little arguments every once in a while.) Still, Mr. Arnault has never been as public about his alignment with Mr. trump, or what his most famous brand is as he was in Texas.

Plans for a Texas factory called the Louis Vuitton Rochambeau ranch in honor of Marshal yuan-Baptiste Donatien de Vimer, the General who led French troops in America during the revolutionary War, were drawn up in 2017. Originally, the land was known as Rockin ‘ ranch, and the Ranch.

Vuitton, which is the world’s most valuable luxury brand according to Forbes, is the largest brand in LVMH’s stable of more than 70 fashion, beauty, alcohol and hospitality names. LVMH, which had revenues of 46.8 billion euros (nearly $52 billion) in 2018, has 754 stores and employs about 33,000 people in the U.S. alone. And it invested $1 billion in the country’s economy last year in wages, taxes and real estate, according to Mr. Arnault.

There are already two Louis Vuitton workshops in California in San Dimas and Irvine (over the past 30 years, roughly half of Vuitton bags are sold in the United States, and the company has had what Mr. Burke called a special relationship with the United States since George Vuitton, Louis ‘ son, attended the Chicago Worlds Fair in 1893. Company executives were looking for another U.S. base of operations to meet local demand in the largest market.

They considered North Carolina, but decided to buy about 265 acres in Texas instead, partly because of its Central location and, they said, coastal affordability, and partly because of Texas ‘ history as a leather center. Part of the deal was a 10-year, 75 percent tax cut of about $ 91900 a year, although Mr. Burke said it did not matter. The County also agreed to expand local roads, add a Beltway for Vuitton trucks, put in high-speed Internet cables and add street lights.

In all, Vuitton promised 1,000 jobs; a week before the opening, the company signed President trump’s Executive order, “Commitment to America’s workers,” an education and training initiative. However, there were currently only 150 people employed in Texas (there Are 760 more in California), although this still makes Vuitton counties the fourth largest employer. Mr. Burke declined to disclose how much the Texas facility is worth, but President trump announced it in his speech: $50 million (a Vuitton spokesman later confirmed the number).

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