LVMH, Stellantis, Sanofi: these French groups are banking on the United States
While Emmanuel Macron has been calling for several weeks on French companies to abandon investments in the United States, some large groups are opposed to this strategy.
Emmanuel Macron's call to abandon investment in the United States in order to stand up to Donald Trump has not resonated with some major French groups such as LVMH, CMA-CGM, Stellantis, and Sanofi. " I believe it is very bad for the state to interfere in the management of private companies. In general, it leads to disaster ," reacted LVMH Chairman and CEO Bernard Arnault during a Senate hearing on May 21.
The aforementioned French giants have already announced major investments in the United States in recent weeks. CMA-CGM will invest $20 billion in air freight and shipping, Stellantis $4.1 billion, and Sanofi $20 billion. Some SMEs also plan to continue investing across the Atlantic.
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