LVMH and the ESSEC business school have announced the renewal of the LVMH-ESSEC Chair for four years. The chair will become a pillar in the center of excellence for “luxury, arts, culture and expertise”, one of eight specialized laboratories the prestigious business school is establishing.
Created in 1991, the LVMH-ESSEC Chair is the longest-standing chair specifically dedicated to the luxury industry in the world. Each year it provides unique training for 20 students from the core ESSEC management program. The combination of theoretical work and in-company practical training prepares talents for positions in the luxury industry. During their semester, the students selected are mentored by a manager from the LVMH Group who graduated from ESSEC. Mentors present their activity and help the students acquire know-how and a network of contacts.
Renewed for a four-year period, the LVMH-ESSEC Chair becomes a pillar in the new luxury center of excellence at ESSEC, one of eight centers the school recently decided to create. These centers span the entire academic value chain, from research and information-sharing to initial studies and continuing education. The centers will provide a source of forward-thinking ideas for businesses and help inspire informed public discussion of relevant issues. For ESSEC partners, they will also act as laboratories to test and assess ideas and projects using an intrapreneurial model.
Chantal Gaemperle, Group Executive Vice-President, Human Resources and Synergies said: “LVMH is the world leader in luxury and this partnership reaffirms our ability to share expertise, savoir-faire and experience with new generations through the talented people in our ecosystem. We are very proud that the talents who today drive the success of our Houses are helping transmit and promote key skills in a continually evolving industry.”