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Louis Vuitton Blends Products and Politics at Workshop Opening – BNN

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(Bloomberg) — Opening a new workshop in rural France isn’t typically a headline-grabbing event. Unless the country’s richest man is the host.

Bernard Arnault showed up in Loire region with an A-list entourage that included French Finance Minister Bruno Le Maire as well as his 27-year old son Frederic, who heads the TAG Heuer watch business. A throng of 70 visitors toured the two facilities, where Louis Vuitton will be making a variety of bags and eventually create 400 jobs.

The event highlighted how the chairman of LVMH can command the attention of France’s political elite by touting his company’s Made-in-France credentials. Louis Vuitton is a marquee industry for France, for which luxury fashion is a cornerstone of its economic and cultural heritage.

The new facilities are situated in the towns of Azé as well as Vendôme, where the site occupies an 11th century abbey that was renovated at a cost of about 20 million euros ($22.7 million). The additional venues will help alleviate a supply crunch that’s reverberating across the industry as well-heeled shoppers clamor for handbags, belts and other high-end leather goods. 

Just last week, arch-rival Hermes International said it wasn’t able to meet demand for its leather products that include the Birkin bags. Hermes plans to add three manufacturing sites in France through 2024.

There’s an “auspicious” economic environment in France, which is the most attractive in Europe for foreign investments, Arnault said. “Our craftswomen often manufacture products that have wait lists.”

Earlier this month, a group of workers at three Louis Vuitton manufacturing sites staged walkouts amid a dispute over working hours. Louis Vuitton settled on labor framework last week that reduces working time per week by 2 hours to 33 hours as well as an average wage increase of 7%, or about 150 euros ($170) a month, a representative for the brand said.

Workers at Louis Vuitton “are among the best-paid,” which keeps them loyal, Arnault said at today’s event.

Last month, President Emmanuel Macron and his wife Brigitte — who is known to favor Louis Vuitton clothing — inaugurated 19M, a craftsmanship center located in the north of Paris, operated by Chanel. The center includes about 600 workers, a third of which were recruited last year, and features techniques such as embroidery, textile-folding and incorporating feathers into haute couture garments.

©2022 Bloomberg L.P.

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NDP caving to Poilievre on carbon price, has no idea how to fight climate change: PM

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OTTAWA – Prime Minister Justin Trudeau says the NDP is caving to political pressure from Conservative Leader Pierre Poilievre when it comes to their stance on the consumer carbon price.

Trudeau says he believes Jagmeet Singh and the NDP care about the environment, but it’s “increasingly obvious” that they have “no idea” what to do about climate change.

On Thursday, Singh said the NDP is working on a plan that wouldn’t put the burden of fighting climate change on the backs of workers, but wouldn’t say if that plan would include a consumer carbon price.

Singh’s noncommittal position comes as the NDP tries to frame itself as a credible alternative to the Conservatives in the next federal election.

Poilievre responded to that by releasing a video, pointing out that the NDP has voted time and again in favour of the Liberals’ carbon price.

British Columbia Premier David Eby also changed his tune on Thursday, promising that a re-elected NDP government would scrap the long-standing carbon tax and shift the burden to “big polluters,” if the federal government dropped its requirements.

This report by The Canadian Press was first published Sept. 13, 2024.

The Canadian Press. All rights reserved.

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Quebec consumer rights bill to regulate how merchants can ask for tips

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Quebec wants to curb excessive tipping.

Simon Jolin-Barrette, minister responsible for consumer protection, has tabled a bill to force merchants to calculate tips based on the price before tax.

That means on a restaurant bill of $100, suggested tips would be calculated based on $100, not on $114.98 after provincial and federal sales taxes are added.

The bill would also increase the rebate offered to consumers when the price of an item at the cash register is higher than the shelf price, to $15 from $10.

And it would force grocery stores offering a discounted price for several items to clearly list the unit price as well.

Businesses would also have to indicate whether taxes will be added to the price of food products.

This report by The Canadian Press was first published Sept. 12, 2024.

The Canadian Press. All rights reserved.

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Youri Chassin quits CAQ to sit as Independent, second member to leave this month

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Quebec legislature member Youri Chassin has announced he’s leaving the Coalition Avenir Québec government to sit as an Independent.

He announced the decision shortly after writing an open letter criticizing Premier François Legault’s government for abandoning its principles of smaller government.

In the letter published in Le Journal de Montréal and Le Journal de Québec, Chassin accused the party of falling back on what he called the old formula of throwing money at problems instead of looking to do things differently.

Chassin says public services are more fragile than ever, despite rising spending that pushed the province to a record $11-billion deficit projected in the last budget.

He is the second CAQ member to leave the party in a little more than one week, after economy and energy minister Pierre Fitzgibbon announced Sept. 4 he would leave because he lost motivation to do his job.

Chassin says he has no intention of joining another party and will instead sit as an Independent until the end of his term.

He has represented the Saint-Jérôme riding since the CAQ rose to power in 2018, but has not served in cabinet.

This report by The Canadian Press was first published Sept. 12, 2024.

The Canadian Press. All rights reserved.

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