POSITIVE IMPACT ON EMPLOYMENT
The Group’s distinctive business model enables LVMH and its Houses to nurture excellence both upstream and downstream, from sourcing and production to the distribution of products through its own network of stores.
Brand headquarters and production sites – based mainly in Europe – as well as the stores and logistics centers operated by many Group houses, all employ a growing number of people around the world to keep pace with product demand.
In 2016, LVMH and its Houses recruited 33,477 people, raising the total number of employees to 134,476.
LVMH requires exemplary behavior by all its employees and partners. Rules and guidelines governing respect for ethics and social and environmental responsiblity principles in their conduct are set out in the LVMH Code of Conduct and the LVMH Supplier Code of Conduct.
LUXURY, A MAJOR ECONOMIC SECTOR
LVMH is a leader in the luxury industry, a sector that makes a major contribution to the economic and social fabric of many regions in France and the rest of Europe. This network of excellence brings these regions incomparable economic and cultural assets.
What’s more, LVMH Houses directly or indirectly help thousands of partner businesses thrive as the luxury sector creates new, sustainable jobs with high added value. Luxury represents over 10% of total European exports, making a significant contribution to French and European foreign trade.
Luxury goods enhance the appeal of the countries where they are made for tourists. LVMH Houses thus energize the economies of major European cities and heighten their reputation as cultural hubs.
The remarkable quality of LVMH products requires rare craftsmanship and savoir-faire. Preserving these métiers is paramount to the sustained success of LVMH and the traditions nurtured by its Houses. The Group supports these irreplaceable skills with a long-term vision, stimulating innovation and encouraging careers in these métiers among young people. For example, LVMH has created the Institut des Métiers d’Excellence (IME). This vocational training program allows the Group to ensure transmission of its unique savoir-faire and promote careers in artisanal and design professions among younger generations.