A spokesman for LVMH, the largest luxury group in the world, with over 75 brands including Dior, Louis Vuitton and Fendi, declined to comment — even though the United States accounted for 25 percent of the group’s revenue in 2024, and Vuitton is the sole European luxury brand to have factories in the United States. (President Trump cut the ribbon at a Vuitton factory in Texas during his first term, and the LVMH chief executive, Bernard Arnault, attended the recent Trump inauguration with two of his children.)

Burberry declined to comment, as did Chanel. There were no comments from Hermès, Kering (owner of Gucci, Balenciaga and Saint Laurent, among other brands) and Puig (Carolina Herrera, Rabanne and Dries Van Noten). Coach and Tory Burch, too, preferred to stay mum.

We are having trouble retrieving the article content.

Please enable JavaScript in your browser settings.

Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.

Thank you for your patience while we verify access.

Already a subscriber? Log in.

Want all of The Times? Subscribe.