Louis Vuitton

Type
Business expansion
Country
Portugal
Region
Continente; Norte; Alto Minho
Location of affected unit(s)
Ponte de Lima
Sector
Manufacturing
(13 - 15) Manufacture of textiles, apparel and leather
15 - Manufacture of leather and related products of other materials
15 - Manufacture of leather and related products of other materials
350 jobs
Number of planned job creations
Job creation
Announcement Date
1 January 2011
Employment effect (start)
31 March 2011
Foreseen end date

Description

French fashion house Louis Vuitton announced that it will open a plant in Ponte de Lima where 350 new jobs will be created. The total investment is worth about 6.7 million euro.

The new plant is expected to be operational in the first quarter of 2011. According to the mayor of Ponte de Lima, the choice of the location had to do with the fiscal benefits offered by the municipality.

Sources

  • 15 January 2011: Diário de Notícias

Citation

Eurofound (2011), Louis Vuitton, Business expansion in Portugal, factsheet number 71669, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/71669.