LVMH Expands Texas Footprint with New Factory Plans
LVMH plans to open a second factory in Texas by 2027. CEO Bernard Arnault revealed this move, following the first Louis Vuitton factory's opening in 2019 during President Donald Trump's term. The expansion reflects the luxury brand's commitment to growing its production capacity in the U.S.
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- France
French luxury conglomerate LVMH is set to expand its manufacturing presence in the United States with plans to establish a second factory in Texas. This information was disclosed by CEO and chairman Bernard Arnault in an interview with the Wall Street Journal.
The new manufacturing facility aims to mirror the success of the Louis Vuitton factory that was inaugurated in 2019, an event marked during the first term of U.S. President Donald Trump. The plant symbolizes LVMH's commitment to bolstering its production operations on American soil.
Scheduled to open by 2027, the new factory underscores a strategic expansion by the luxury brand, positioning itself for growth and increased production capacity within the competitive U.S. market.
(With inputs from agencies.)
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