LVMH's 2024 Results Spark Tax Controversy in France
LVMH reported a €12.5 billion net income in 2024, despite a 17% decrease from 2023, prompting CEO Bernard Arnault to criticize France's planned corporate tax hike as a disincentive to domestic production. This sparked controversy, leading Arnault to clarify that LVMH has no relocation plans and pays...
LVMH's 2024 Results Spark Tax Controversy in France
LVMH reported a €12.5 billion net income in 2024, despite a 17% decrease from 2023, prompting CEO Bernard Arnault to criticize France's planned corporate tax hike as a disincentive to domestic production. This sparked controversy, leading Arnault to clarify that LVMH has no relocation plans and pays...
Progress
44% Bias Score
LVMH Reports Stagnant Revenue Amidst Global Luxury Goods Slump
LVMH reported stagnant revenue of €85 billion in 2024, a 17 percent drop in net profit to €12.5 billion, due to decreased global consumer spending, particularly impacting its fashion and leather goods division and exacerbated by trade tensions with China; however, the company maintains optimism for ...
LVMH Reports Stagnant Revenue Amidst Global Luxury Goods Slump
LVMH reported stagnant revenue of €85 billion in 2024, a 17 percent drop in net profit to €12.5 billion, due to decreased global consumer spending, particularly impacting its fashion and leather goods division and exacerbated by trade tensions with China; however, the company maintains optimism for ...
Progress
48% Bias Score
LVMH's Surveillance of Journalist Revealed in Spy Trial
LVMH, led by Bernard Arnault, secretly spied on journalist François Ruffin and his team from 2013-2016 using a network of spies, including a homeless photographer, after Ruffin started filming a critical documentary about the company's labor practices; the surveillance was revealed during a trial of...
LVMH's Surveillance of Journalist Revealed in Spy Trial
LVMH, led by Bernard Arnault, secretly spied on journalist François Ruffin and his team from 2013-2016 using a network of spies, including a homeless photographer, after Ruffin started filming a critical documentary about the company's labor practices; the surveillance was revealed during a trial of...
Progress
40% Bias Score
Arnault Threatens to Relocate LVMH from France Over Tax Increase
Following a meeting with Donald Trump at his inauguration, Bernard Arnault, CEO of LVMH, threatened to relocate his company from France if the government proceeds with its planned increase in corporate taxes, citing the US's lower tax rates as an incentive.
Arnault Threatens to Relocate LVMH from France Over Tax Increase
Following a meeting with Donald Trump at his inauguration, Bernard Arnault, CEO of LVMH, threatened to relocate his company from France if the government proceeds with its planned increase in corporate taxes, citing the US's lower tax rates as an incentive.
Progress
48% Bias Score
France's Corporate Surtax Sparks Debate Amidst Budgetary Pressures
The French government is implementing a surtax on corporate income tax for large companies to reduce the public deficit, a move criticized by LVMH CEO Bernard Arnault as a "tax on Made in France" that could lead to business relocation. The government defends the measure as necessary, while also anno...
France's Corporate Surtax Sparks Debate Amidst Budgetary Pressures
The French government is implementing a surtax on corporate income tax for large companies to reduce the public deficit, a move criticized by LVMH CEO Bernard Arnault as a "tax on Made in France" that could lead to business relocation. The government defends the measure as necessary, while also anno...
Progress
40% Bias Score