TRUMP AND ARNAULT: Bernard Arnault, Chairman and CEO of Louis Vuitton Moët Hennessy, has set up a power group for Thursday's opening of the Louis Vuitton Rochambeau Ranch in Johnson County, Tex. – none inferior to President Trump, as well as First Daughter Ivanka Trump and the state government of Texas. Arnault will also be joined by the event by other leaders at LVMH, including Louis Vuitton's chairman and CEO Michael Burke.
Billed as the luxury home's latest leather goods “workshop,” the facility is intended to reflect LVMH's commitment to providing new jobs to the United States, according to press materials provided by the company Sunday. The plan is to create 1,000 jobs over the next five years at the facility near Keene, Tex. By doing so, Louis Vuitton is doing well with his support of Pledge to America's Workers, the educational training program launched last year. Apple, FedEx and Boeing are among the companies that have signed up, and aim to create six million training opportunities
This week's opening also signals Louis Vuitton's commitment to comprehensive training in leather crafts for all employees as an effort to meet increased demand in the US market for Louis Vuitton products. Rochambeau Ranch sits on 260 acres named after Marshal Jean-Baptiste Donatien de Vimeur, Comte de Rochambeau, the general who helped the 13 colonies win independence during the American Revolution.
Bolstering domestic production has been one of Trump's rallying cry. While domestic fashion brands have talked about the benefits of reshoring – improved quality control and working conditions – most continue to produce the bulk of their goods overseas where production costs are significantly cheaper. In the United States, there are 1.8 million fashion-related jobs, including 232,000 in the manufacture of textiles for clothing and footwear, according to the Joint Economic Committee's Democratic Labor Bureau.
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