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).

 

[JohannesL]

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).

I think historically American high fashion in general just didn't the prestige like French/Italian brands and its high society ladies would always fly to Europe and prefered the latter. But the same can not be said about the mass market pre-outsourcing(late80s and 90s) brands, there were used to be decent deparment stores items for women and well-made suiting for men, both of which were made in US catering to its middle class. I think in the 80s middle-class Japanese were very fond of American fashion and they practically had buyers purchased from the US and doubled its price in shops. I also remember when I was in college in the late 2000s, one of the few brands that kept its Made in America trademark was Martin Freeman who ran his factories in Brooklyn compared with Brooks Brothers who only kept a small fraction of its factotries in US, which also had to do with the decreasing number of men wearing suits). To me, the long-gone Made in US always embodys the ideal of what a middle class can afford and enjoy in contrary with the gap of the high fashion landscape nowadays and the diminishing of middle class.

 

[JohannesL]

I think historically American high fashion in general just didn't the prestige like French/Italian brands and its high society ladies would always fly to Europe and prefered the latter. But the same can not be said about the mass market pre-outsourcing(late80s and 90s) brands, there were used to be decent deparment stores items for women and well-made suiting for men, both of which were made in US catering to its middle class. I think in the 80s middle-class Japanese were very fond of American fashion and they practically had buyers purchased from the US and doubled its price in shops. I also remember when I was in college in the late 2000s, one of the few brands that kept its Made in America trademark was Martin Freeman who ran his factories in Brooklyn compared with Brooks Brothers who only kept a small fraction of its factotries in US, which also had to do with the decreasing number of men wearing suits). To me, the long-gone Made in US always embodys the ideal of what a middle class can afford and enjoy in contrary with the gap of the high fashion landscape nowadays and the diminishing of middle class.

Oh, my bad, it was Martin Greenfield whose factory is still running today. I remember things wrong when combing it with Hickey Freeman which is also a historical suits manufacturer.

 

[mrrene]

LVMH is due to report earnings this coming Tuesday 28th January.