Louis Vuitton in Talks to Open Factory in U.S., CEO Burke Says
A branded leather fob hangs from a hand bag at a LVMH Moet Hennessy Louis Vuitton SA luxury retail store in Toulouse, France.
Photographer: Balint Porneczi/BloombergLouis Vuitton is working to open a factory in the U.S. as demand for its iconic canvas-and-leather handbags continues to rise.
The LVMH-owned brand is also likely to add an additional production site in France, and could expand its workshop in Portugal, Chief Executive Officer Michael Burke said.