Economic Footprint

LVMH has pursued dynamic momentum since its creation, expanding in particular in international markets. The Group’s performance is a source of economic development, employment and innovation everywhere its Houses are present.

© Emiliano Ponzi / ARR

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 2015, LVMH and its Houses recruited 27,927 people, raising the total number of employees to 125,346.

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.

Initiatives

  • LVMH Métiers d’Art 

    In order to protect and develop our Fashion & Leather Goods Houses' access to the raw materials and superior savoir-faire they require, LVMH Métiers d'Art provides long-term investment and support for its best suppliers.

  • Hennessy and Cognac growers 

    The uncontested market leader – representing nearly half of the world's cognac – Hennessy works closely with a third of the grape-growers in Cognac and the surrounding region, a relationship that in some cases spans several generations.

  • Loewe's leather goods training school 

    With its new state-of-the-art training center right in its factory in Getafe, outside of Madrid, Loewe continues its legacy of leadership in leather goods.

  • Dom Pérignon and the restoration of Abbey Saint-Pierre in Hautvillers 

    Dom Pérignon, working closely with the Bâtiments de France national heritage agency, reached out to local artisans to restore the Abbey of Saint-Pierre d'Hautvillers, the birthplace of the champagne House.

  • La Ruche, the new French production site for Guerlain 

    Since its founding, all Guerlain perfumes, skincare and makeup products have been made in France. As a major player in the Cosmetic Valley competitiveness cluster, the House now has two production sites there, including La Ruche, inaugurated in Chartres in early 2015.

  • Hélios, the Group's nerve center for perfumes and cosmetics research 

    The LVMH Group inaugurated the Hélios R&D facility in November 2013. Built to High Environmental Quality (HQE) standards, the campus is designed as a hub to stimulate creativity in cosmetology.