LVMH’s Chairman and CEO Bernard Arnault said, with a smile, that he is “more concerned” about the Marc Jacobs brand than President Trump.
The business chief made comments about the new US leader in a press conference Q&A regarding the company’s 2016 annual results.
Arnault was asked for his thoughts about Marc Jacobs, which is currently in the red along with the LVMH selective retail channel DFS.
I think as things stand now, the [American] policies are in our favour.
He said: “We will pull through I’m sure but you know, in the fashion industry, you have to be cautious – things are volatile and