U.S. President Donald Trump on Thursday said French-based shipping firm CMA CGM would invest $20 billion in the United States to build out shipping logistics and terminals.
Reuters
Trump told reporters he would also announce a new program for building ships in the United States next week or the following week, including incentives.
CMA CGM is the world’s third-largest container shipping line.
Its CEO Rodolphe Saade, who joined Trump in the Oval Office, confirmed the $20 billion investment and said it was expected to create 10,000 jobs.
The shipping line industry is faced with uncertainty as the Trump administration’s plans for import tariffs and port fees on Chinese-built vessels threaten to shake up maritime trade.
The $20 billion investment over four years would include expansion of container ports and the creation of an air cargo hub in Chicago supported by five new Boeing 777 freighters flown by American pilots, CMA CGM said in a statement.
Saade, a French-Lebanese billionaire who controls CMA CGM with other family members, told Trump at the White House that his group was also looking at supporting building of container ships and would make an announcement “in the coming weeks”.
The company further plans to raise its number of U.S.-flagged vessels to 30 from 10 currently, he added.
Lagging U.S. vessel capacity and shipbuilding compared with China has been a major concern for U.S. officials. A White House document seen by Reuters showed the Trump administration plans to levy fees on imports on Chinese-made ships and offer tax credits to resuscitate domestic shipbuilding.
CMA CGM operates port terminals in New York and Los Angeles that it acquired as part of multi-billion investments drawing on record profits made during a post-COVID shipping boom.
The Marseille-based firm is the biggest cargo carrier for U.S. retail giant Walmart.
CMA CGM, which is also part of a vessel-sharing alliance with Asian lines including China’s COSCO, had warned last week that U.S. port fees on China-built ships would have a big impact on all shipping firms.
Luxury resale platform Rebag is expanding its retail footprint with the launch of two new outlet stores in 2025.
Rebag expands outlet presence with two new locations in 2025. – Rebag
Rebag is set to open locations at Las Vegas PremiumOutlets on March 17, and Desert Hills Premium Outlets in Cabazon, California, on April 4.
The move follows Rebag’s foray into outlet, which began in 2022 with the launch of its store at Sawgrass Mills, in Florida, the largest single-story outlet mall in the U.S., drawing over 21 million visitors annually.
Rebag’s current outlet store portfolio, including its Sawgrass Mills location, has experienced over 30% year-over-year growth, demonstrating the strong alignment between its curated luxury resale model and the in-person shopping experience. Rebag also has retail locations in New York and Los Angeles.
“Expanding our outlet portfolio is a strategic move that aligns with our mission to make luxury resale more accessible and convenient for our customers” said Charles Gorra, founder and CEO of Rebag.
“The impressive growth of our current store portfolio demonstrates the power of retail outlets and the growing interest in pre-loved luxury goods.”
Most recently, Rebag also partnered with Bloomingdale’s, to introduce a curated selection of over 2,500 designer handbags, watches, and jewelry to Bloomingdales.com and over 500 items in five select Bloomingdale’s stores nationwide.
Moreover, Rebag has expanded its reach through a strategic collaboration with Walmart, offering high-quality pre-owned luxury goods online and in five Walmart locations nationwide.
CH Carolina Herrera, the lifestyle brand of Carolina Herrera, founded in 2001, announced on Thursday the opening of its newest boutique at The Forum Shops at Caesars, in Las Vegas.
CH Carolina Herrera opens new boutique in Las Vegas – CH Carolina Herrera
The boutique, set to open at the end of March, will offer a luxurious shopping experience that combines the brand’s signature blend of elegance and sophistication, with the vibrant energy of Las Vegas.
It will house a curated selection of leather goods and accessories, as well as women’s, men’s, and children’s ready-to-wear collections, which customers can explore in an inviting and intimate space.
For a more personalized service, appointments can be booked by phone.
The store will be open seven days a week, with hours from 10 AM to 9 PM Sunday through Thursday, and extended hours until 10 PM on Fridays and Saturdays.
Last month, the New York-based brand staged its fall 2025 collection show looking over Central Park, as part of New York Fashion Week.
Viktor & Rolf is making a return to ready-to-wear, bringing its avant-garde couture sensibilities to everyday fashion with the fall/winter 2025 ready-to-wear collection.
Viktor & Rolf returns to ready-to-wear with fall/winter 2025 collection. – Viktor & Rolf
Drawing inspiration from their Fall/Winter 2024 Haute Couture collection, ‘Haute Abstraction’, the designers translate high-fashion drama into wearable silhouettes. Sharp tailoring, signature detailing, and rich textures define the collection, blending structured precision with practical elements like denim and a collaboration with heritage outerwear brand Mackintosh.
Intricate couture elements, such as delicate tulle ruffles, seamlessly integrate into the collection, elevating essentials like jeans and jackets with sculptural volume. Standout pieces include tailored balloon trousers in Japanese tuxedo wool and a relaxed denim variation.
The color palette transitions from deep, moody tones of black, grey, and dark berry to lighter accents of white, mint, and sky-blue denim. A classic beige hue, ‘golden fawn,’ appears in gabardine daywear, reinforcing Viktor & Rolf’s commitment to timeless wardrobe essentials.
Textures play a key role, with a blend of Italian silk satin, Japanese tuxedo wool, silk-viscose floral jacquard, mohair, superfine alpaca knits, and organic cotton denim. The collection’s layered, duplicated, and deconstructed elements echo signature techniques from Viktor & Rolf’s archival collections, including Spring/Summer 2002’s ‘White’ and Fall/Winter 2003’s ‘One Woman Show’.
“Shifting from couture to ready-to-wear was about designing for real life. Viktor & Rolf wanted to keep the bold shapes and craftsmanship of couture but make them effortless. Everyday life is full of contrasts – moving through different spaces and situations that define us. It’s not about losing bold expression but using it to elevate the ordinary,” the Amsterdam-based fashion house said in a statement.
The collection launches with a campaign that unfolds against the streets of Paris, captured by Alessandro Furchino Capria.