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Government

Franco-American tussle over taxes adds wrinkle for luxury recovery

July 14, 2020

Louis Vuitton handbags are subject to a new tariff in the United States. Image credit: LVMH Louis Vuitton handbags are subject to a new tariff in the United States. Image credit: LVMH

 

By Dianna Dilworth

The United States has announced plans to add an import tax to French beauty and luxury goods as part of its ongoing disagreement with France after the Gallic nation threatened U.S. tech companies with a digital services levy. The timing could not be worse.

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  1. Luxury Unfiltered: Why traditional management is killing luxury as an asset class
  2. Porsche pulls next head of design from McLaren
  3. ‘Getting Closer’ campaign from Boucheron links romance with responsibility
  4. Louis Vuitton flagship lands in Beijing
  5. The Ritz-Carlton New York, Central Park, acquired by Gencom
  6. Ralph Lauren goes global for Milano Cortina 2026
  7. Versace presents collaborative vision for spring/summer 2026
  8. Kering sees annual revenues sink 13pc
  9. Dunhill twists English elegance for spring/summer
  10. Building brands with charisma
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Luxury Unfiltered: Why traditional management is killing luxury as an asset class

The Ritz-Carlton New York, Central Park, acquired by Gencom
Porsche pulls next head of design from McLaren
Kering sees annual revenues sink 13pc