The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
The French luxury conglomerate announced a major recruitment drive Wednesday, which if successful will boost the number of young employees working in the organisation.
In its native France, the company said it plans to offer 2,500 permanent contracts to candidates under the age of 30 by the end of next year. An additional 5,000 candidates will be offered internships or apprenticeships, part of a wider international recruitment drive, the company said.
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What’s Next for LVMH’s Fashion Group
As Louis Vuitton and Dior power ahead, designer departures and disposals elsewhere in the luxury giant’s portfolio suggest its smaller fashion assets are under scrutiny. Has the strategy really changed?
The deal is expected to help tip the company into profit for the first time and has got some speculating whether Beckham may one day eclipse her husband in money-making potential.
The designer has always been an arch perfectionist, a quality that has been central to his success but which clashes with the demands on creative directors today, writes Imran Amed.
This week, Prada and Miu Miu reported strong sales as LVMH slowed and Kering retreated sharply. In fashion’s so-called “quiet luxury” moment, consumers may care less about whether products have logos and more about what those logos stand for.
The luxury goods maker is seeking pricing harmonisation across the globe, and adjusts prices in different markets to ensure that the company is”fair to all [its] clients everywhere,” CEO Leena Nair said.