The well-known French fashion brand Louis Vuitton (LV) has established a factory to produce leather bags in Johnson County, southwest of Dallas, Texas, and officially cut the ribbon and started construction on October 17, 2019. .
US President Trump, Trump’s daughter Ivanka Trump, LV Group President Bernard Arnault and LV brand manager Michael Burke all attended the ribbon-cutting. In his speech, President Trump said: LV Group will spend more than 25 million US dollars in salary every year, which is expected to increase with business expansion. All handbags and luggage produced here will be handmade products, symbolizing excellent products. And attached with the “Made in the USA” seal.
Johnson County gives LV a 10-year tax discount, which is expected to reduce LV’s tax expenditure by $91,900 per year. The United States is LV’s largest market. LV stated that the main reason for choosing to set up a factory in the United States is to more effectively respond to market changes and reduce transportation and import tariff costs. In addition, Texas has a geographical advantage and can quickly transport products to the east and west coasts.
This factory was chosen to open one year before the 2020 US election. The factory covers an area of 100,000 square feet, with a minimum wage of $13 an hour, and local employees will be recruited.
