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LVMH
Tax surcharge takes heavy toll on Louis Vuitton

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Faced with declining sales in Asia, Louis Vuitton has also had to pay several hundred million euros in one-time tax surcharges.
Faced with declining sales in Asia, Louis Vuitton has also had to pay several hundred million euros in one-time tax surcharges. © Photomontage by Glitz – Sources: Louis Vuitton, Rodworks (Alamy)

Already hit by falling demand in Asia, Louis Vuitton must now also absorb a one-off surcharge on profits it paid last year. Glitz understands the brand had to pay out several hundred million euros.

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