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ILM reports that the the U.S. government is considering overtaxing French products, such as leather handbags, up to 100%. The decision comes after France announced the ‘Gafa tax’ on digital companies such as Google, Apple, Facebook and Amazon.
“Get ready to be swept away,” luxury brand Coach announced on Instagram, next to a sepia photo of an elegantly windblown Jennifer Lopez. “JLo is the new face of Coach.” Reports by Leatherbiz.
A programme in place at luxury group LVMH to recognise the talent and hard work of its craftspeople, the Institut des Métiers d’Excellence (IME), has launched its sixth year, reports Leatherbiz.
WWD’s Rosemary Feitelberg writes that Bernard Arnault, chairman and chief executive officer of Louis Vuitton Moët Hennessy, has lined up a power group for the 17 October opening of the Louis Vuitton Rochambeau Ranch in Johnson County, Tex. — none other than President Trump, as well as first daughter Ivanka Trump and Texas state officials.
The luxury French conglomerate LVMH recorded 16% increase in revenue to €38.4 billion in the first nine months of 2019, with The Fashion & Leather Goods business group achieving organic revenue growth of 18% in the period, reports ILM.
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