400 billion euros worth of ideas which follows President Xi Jinping’s decision to lift restrictions on COVID-19, LVMH Mot Hennessy Louis Vuitton says it is cautiously confident as 2023 approaches, but why?
After LVMH’s record results, Chairman and CEO Bernard Arnault said the signals from China were positive.
“I’m pretty confident that, because the Chinese leadership is very astute, they’re surely going to take advantage of the period that’s starting to revitalize Chinese growth. If that’s the case, and we saw signs of that in January, then we have every reason to be confident, even optimistic, about the Chinese market.”
According to the Forbes ranking, he and his family are the richest family in the world ahead of Tesla CEO Elon Musk, SpaceX CEO . During his speech, Bernard Arnault also mentioned that 5 billion euros of investments will be made in France, pointing out that “more than 500 stores and 100 craft production sites are located in the country.”