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Bloomberg
Louis Vuitton plans to add roughly 1,500 manufacturing jobs in France over the next three years, ramping up production to feed surging demand from China and other emerging economies.
While the luxury label has opened factories in Italy, Spain and the US, Chief Executive Officer Michael Burke said it’s committed to keeping the majority of its supply chain in France.
“If we let the craftsmanship leave, even to places as close as Italy, I think it’s inevitable that the minds, the creativity in the sector will follow,†Burke said as the company inaugurated its 16th factory in France at a site near the city of Angers.
The luxury industry has been a rare bright spot for French employment as the economy remains mired in doldrums. Chinese consumers fuelled a 20 percent increase in sales of fashion and leather goods last quarter for Louis Vuitton parent LVMH.