Luxury consumption of the main groups for the price sensitivity is relatively low, so “domestic manufacturing” for the French luxury goods industry is still meaningful. French chief richer, LVMH chairman and CEO Bernard Arnault public voice support Mark Long, he said the presidential candidate Marine Le Pen (Marine Le Pen) economic plan will be a great threat to the French export trade.
In addition to LVMH, the French luxury group Hermes (Hermes) also plans this year in France new tactics and training 250 cobbler to enhance the production of leather goods to meet the growing demand for leather goods. Hermes Group CEO Axel Dumas said last month that the group recruited 7881 employees worldwide in 2016, of which 60% were overseas.
High salary and dismissal limits, especially for low-margin manufacturers. With the manufacturing enterprises will be relocated to the factory, Louis Vuitton, Hermes and other luxury brands in the French fashion and textile industry to assume a more important role. According to the French Fashion Institute and the National Bureau of Statistics INSEE 2016 jointly issued a report, Louis Vuitton and Hermes in the manufacturing sector employed about 135,000 people.
Economist Franck Delpal said: “leather sector is the only French fashion and textile industry, the only steady growth and continued expansion of the sector, which is mainly from the Hermes and Louis Vuitton two brands to promote.