The logo of LVMH is seen during the annual shareholders meeting of LVMH Moet Hennessy Louis Vuitton in Paris, France, April 18, 2024. REUTERS/Sarah Meyssonnier/File Photo
LONDON/PARIS: Europe's top asset manager Amundi and other LVMH investors want the $370 billion luxury behemoth controlled by billionaire Bernard Arnault to take more aggressive steps to monitor its suppliers' treatment of workers after Italian prosecutors disclosed alleged sweatshop-like conditions at subcontractors for high-end brand Dior, three investors told Reuters.
The investigation into suppliers for LVMH's second-largest fashion label, which Reuters revealed on June 11, has shone a spotlight on potential worker exploitation in the $1.6 trillion global luxury goods industry.
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