PARIS (Reuters) – Luxury goods giant LVMH is the pride of France, but the government nevertheless understands the anger expressed by LVMH boss Bernard Arnault regarding French taxes, said a government spokeswoman on Wednesday.
Arnault said on Tuesday that the group was considering bulking production capacities in the United States, contrasting what he perceived as a “wind of optimism” in the United States with the “cold shower” of France.
She added that tax rises were temporary and that the government remained pro-business. (This story has been refiled to fix the spelling of ‘pride’ in paragraph 1)
(Reporting by Michel Rose and Makini Brice; Editing by Sudip Kar-Gupta)
