REFILE-French government: LVMH is pride of country but we understand Arnault's anger
ReutersJan 29, 2025 11:20 AM
Corrects typo in first paragraph to 'pride', from 'price'.
PARIS, Jan 29 (Reuters) - Luxury goods giant LVMH LVMH.PA is the pride of France, but the government nevertheless understands the anger expressed by LVMH boss Bernard Arnault regarding French taxes, said a government spokeswoman on Wednesday.
Arnault said on Tuesday that the group was considering bulking production capacities in the United States, contrasting what he perceived as a "wind of optimism" in the United States with the "cold shower" of France.
She added that tax rises were temporary and that the government remained pro-business.
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