LVMH - The Luxury Goods Conglomerate

[JohannesL]

Thanks for the WTO and NAFTA propagandized by neo-liberalism that also killed its workers in other sectors.

 

[yslforever]

Thanks for the WTO and NAFTA propagandized by neo-liberalism that also killed its workers in other sectors.

Because American CEOs were greedy and wanted manufacturing in Mexico, for a third of the US cost. And who pays political parties the best, companies.
But it's deeper than that, there is a strong tropism from US consumers towards European brands and "Made in Europe", especially in luxury fashion.
I think I said earlier that LV has problems with US consumers returning the goods when they are not sure they came from a French or Italian plants, though the plants are in Texas and California (but probably with migrant workers).