‘Big man to big man’: how the luxury industry is preparing for Trump

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US is biggest market for sector which exports vast majority of products from France and Italy

Donald Trump gave LVMH’s billionaire chief executive Bernard Arnault a pumping handshake as they exited the lifts in the gold and marble lobby of Trump Tower in Manhattan. “One of the great men, Mr Arnault,” said Trump — then president-elect for the first time around — as they wrapped up the January 2017 meeting. “They’re going to do some wonderful things in this country. Jobs. A lot of jobs.” The world’s biggest luxury group obliged.

Meanwhile Kering, also the owner of Saint Laurent and Bottega Veneta, spent $60,000 annually from 2015 to 2021 on lobbying with Capitol Knowledge, but stopped after 2022, according to government filings.

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