In a high-profile trial in Paris, Bernard Arnault, the chairman and CEO of LVMH, testified regarding surveillance activities ordered by a former intelligence chief, Bernard Squarcini. As the world’s largest luxury goods company faces scrutiny over its actions, Arnault’s statements raised questions about corporate governance and ethical boundaries in the luxury sector. Arnault’s testimony focused […]
LVMH Would Take €800 Million Hit From France’s Planned Tax Hike
France’s proposed corporate tax increase is set to have significant repercussions for the nation’s economy, especially for its most prominent luxury brands. The government is eyeing an €8 billion hike in corporate taxes to manage the country’s ballooning budget deficit. This plan would primarily target successful companies generating more than €1 billion in revenue within […]