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  4. Thélios acquires iconic french Eyewear brand Vuarnet

Thélios acquires iconic french Eyewear brand Vuarnet

Thélios announces the acquisition from NEO Investment Partners of Vuarnet, the renowned French high-end outdoor sunglass brand, strong of its over 60 years of heritage and pioneering manufacturing of mineral lenses.  

It is Thélios first brand acquisition, which marks an important milestone in the development of the LVMH eyewear company, expanding its presence in the luxury eyewear industry through this proprietary brand. Vuarnet perfectly blends in the Thélios’ portfolio of LVMH luxury Maisons through its unique brand positioning at the crossroads of outdoors and fashion. Thélios aims to restore the brand’s former glory, empowering Vuarnet to further elevate its product quality and push the boundaries of innovation.  

Founded in 1957 by the optician Roger Pouilloux and French ski Olympic gold medallist Jean Vuarnet, the Vuarnet brand has established itself through its excellent craftsmanship, seamlessly fusing innovation, performance, and timeless style. Born in the mountains, Vuarnet has been sported by outdoor enthusiasts on and off the slopes over the past six decades. The brand also gained popularity on the big screen, immortalized by Alain Delon in The Swimming Pool (1969), Jeff Bridges in The Big Lebowski (1998) or Daniel Craig in James Bond – Spectrum (2015) and many more. Vuarnet’s iconic styles have ever since built a strong community of brand loyalists, including numerous celebrities.  

Vuarnet is renowned for its undisputed know-how, being one of the few eyewear brands to produce its own mineral lenses. Its manufacturing site located in Meaux, has been certified by the French government as “Entreprise du Patrimoine Vivant” (Living Heritage Company). Complementing Thélios’ Maisons in terms of brand positioning, Vuarnet’s best-in-class mineral lenses expertise will benefit Thélios to expand its know-how in this area. 

“We are thrilled to announce the acquisition of Vuarnet, becoming Thélios’ first proprietary brand” said Alessandro Zanardo, CEO of Thélios, “Vuarnet is a legendary brand, with a unique history that deserves to be preserved and perpetuated. Its iconic design, its unique know-how on mineral lenses and its strong brand values, are a perfect match with our ethos and positioning.”  

The alliance will grant Vuarnet access to Thélios’ extensive resources, including research and development capabilities, technical expertise, and global reach, propelling the brand’s growth and global expansion.  

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  4. LVMH takes VivaTech 2023 visitors on a journey in its Dream Box and LVMH Court

LVMH takes VivaTech 2023 visitors on a journey in its Dream Box and LVMH Court

Founding partner of VivaTech, LVMH once again showcases its Maisons’ and partner startups’ innovations during the event’s 7th edition held June 14-17 at Paris Expo Porte de Versailles.  

Since its inception in 2016, VivaTech has become the biggest startup and tech event in Europe. This year, no fewer than 18 LVMH Maisons present 25 innovations in two dedicated spaces: The Dream Box & The LVMH Court.

Located Hall 1, The Dream Box is a spectacular setting of subtly changing colors in which the Group and its Maisons showcase some of the innovations that contribute to the LVMH’s mission to Craft Its Customers’ Dreams. The Dream Box is also home to the 18 finalist startups of the 2023 LVMH Innovation Award, as well as six alumni startups whose solutions have already helped enhanced the customer experience of tomorrow.  

For the very first time at VivaTech, LVMH has set up a space entirely dedicated to innovation in sports. Visit The LVMH Court, Hall 2, to discover LVMH Maisons’ solutions to improve the sports experience for athletes and enthusiasts alike. 

Also featured at VivaTech 2023: our Talents! From the HR Corner of the Dream Box to the many talks on LVMH’s or VivaTech’s stages, come and meet them! 

June 14, 2023 – Day 1 – Where dreams come alive!  

VivaTech has barely opened its doors and the Dream Box is already packed. The 600-square-meter space – all eco-designed – wows visitors with an amazing experience  

 

Elevating the customer experience through strategic partnerships…  

LVMH goes big right from the start of VivaTech, announcing two strategic partnerships. The first is with Epic Games, creator of Fortnite and Unreal Engine, designed to transform the Group’s creative pipeline and bring its customers ever-more immersive experiences as they discover products. The second linkup is with Apple and its Tap to Pay on iPhone, which will first be rolled out at the stores of LVMH Maisons in the United States, creating an exciting new in-store experience.  

 

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… Unique immersive experiences  

Among the many innovations that will definitely delight and amaze our customers across all touchpoints, Fendi really grabs attention when people enter the Dream Box. A white model set on an elegant podium perfectly replicates the Italian Maison’s headquarters in Rome, becoming the stage for an augmented reality experience that brings “omnichannel” to life. Slip on a headset for a wondrous virtual tour of this iconic location.  

 

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… Tools that deepen customer relations  

A bit further on, Dior Couture gives you a close-up look at the tools the Maison uses to let its sales advisors enrich the customer relationship. The Maison has created a unique clienteling app for its sales staff dubbed Dior Star, blending digital innovation and human expertise. This groundbreaking creative solution is part of a connected ecosystem consolidated in a single app. It supports Dior sales advisors throughout the entire sales ritual. They can use Dior Star to prepare for a one-to-one customer visit – customer background, preparation of wishlist and more – book a time slot, quickly and simply complete the purchase and payment with tap-to-pay and even prepare duty free tax refunds while strolling through the store.  

 

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Louis Vuitton like you’ve never seen it before  

 Turn around and head through the door for “Immersive Asnières”, a stunning virtual reality group experience created by Louis Vuitton. Thanks to your VR headset you’re transported to Asnières, the cradle of Louis Vuitton, for a personal tour of the historic workshops and the founder’s family home. Explore the Maison’s iconic products and exceptional savoir-faire, just as if you were right there.  

 

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Traceability and Blockchain 

A few steps further on, Loro Piana is showing how its products, made from precious noble materials, are now traceable and certified thanks to the Aura Blockchain for the luxury industry. Loro Piana customers now receive a veritable digital product passport that includes the source of the fibers, the date and place where they were woven and when and where the garment was crafted.  

 

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Tiffany & Co. debuts at VivaTech  

 For its first time at VivaTech, Tiffany & Co. is presenting a special version of one of its most iconic high jewelry pieces, the Bird on a Rock brooch designed in 1956 by Jean Schlumberger. Visitors can not only admire an actual version of the jewel – a diamond encrusted bird perched on a faceted amethyst – but also use a digital app to see their own personalized Bird on a Rock, selecting the gemstone on which they want their bird set and other features. Plus, scanning a snapcode lets you see the bird flutter around your head in augmented reality.   

 

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Tech Part in Our Future 

The LVMH stage will welcome nearly 60 talks during the four days of the show. The talented people of LVMH were featured during the first day of VivaTech. During a round table entitled Talent Stories: Leading the Digital and Tech Transformation of the LVMH Group, Frédérique Rousseau, Human Resources Director for LVMH Holding & Other Activities, shared her pride in seeing the Group recruit 900 people for its tech and digital teams in the space of 18 months. “These talents”, she said, “are the engine behind our growth. She was joined by Gonzague de Pirey, LVMH Group Chief Omnichannel & Data Officer, who emphasized the importance of omnichannel. Experience has shown that omnichannel customers have a higher rate of satisfaction, purchase more, and are more loyal to the brand. Frank le Moal, Group Information Technology Director, noted that LVMH has significant needs for talented people in tech, both in omnichannel and e-commerce, as well as clienteling, supply chain, design, data, cybersecurity and more. “Digital is now ubiquitous at LVMH, including in our workshops. We have really become a digital and a tech company,” he concluded.  

 

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A buzzing HR corner  

There was definitely a crowd at the corner staffed by LVMH Human Resources specialists, with visitors eager to discover the many career opportunities in tech and digital at LVMH and its Maisons. 

HR teams also took time for private conversations in comfortable alcoves with candidates who could well become our talents of tomorrow. 

 

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June 15, 2023 – Day 2 – Startups take center stage  

All eyes were on future-facing startups with the LVMH Innovation Award ceremony on the second day of VivaTech. A highlight of the event, this 7th edition of the LVMH Innovation Award presented prizes to seven startups whose solutions harbor tremendous potential for the future of the luxury industry. 

London-based startup Save your Wardrobe won this year’s Grand Prize following the jury’s deliberations. The award was presented by Bernard Arnault during a live ceremony co-hosted by journalist Julia Sieger and Livi, the LVMH Group’s virtual innovation ambassador.   

Congratulating all the finalist startups and the award winners, Bernard Arnault underscored the values that LVMH and the startups all share – innovation, excellence, entrepreneurial spirit and commitment. “For a startup to grow, an idea alone isn’t enough. It’s absolutely essential that the idea be supported by flawless execution,” he noted.  

 

Prizewinner boosts circular fashion…   

Save your Wardrobe offers brands a digital platform for tech-enabled care and repair of clothing, helping drive circularity. “This prize is huge recognition for the work we’ve accomplished,” enthused Hasna Kourda, co-founder and CEO of Save your Wardrobe. “This prize is a monumental milestone in our journey and fuels our determination to keep pushing the boundaries of the luxury experience while preserving and extending the legacy of LVMH Maisons.”  

 

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… spotlight on sustainability for this year’s edition  

More than 1,300 startups were vying for this year’s LVMH Innovation Award, a record. “A full 20% of the startups competing this year were in the Sustainability & Greentech category,” said Hélène Valade, Environmental Development Director of LVMH, prior to presenting the prize in the category to Woola, an Estonian startup that makes packaging from leftover wool. “This award will help us move forward towards our goal of replacing plastic packaging with wool. Around 200,000 tons are discarded each year in Europe,” Woola co-founder Anna-Liisa Palatu emphasized.  

 

… Data and AI everywhere 

While the Data & AI Special Prize went to the startup Chatlabs for a solution that directs traffic from social media to let brands create a unique customer experience, artificial intelligence and data are ubiquitous, commented Gonzague de Pirey, LVMH Group Omnichannel & Data Officer: “Data and AI figure at the heart of all the solutions from the startups we recognized today.”  

 

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… alumni startups share the spotlight  

Sojin Lee, CEO of TOSHI, the startup that won the 2022 LVMH Innovation Award for its last kilometer luxury delivery solution, said that the past year since winning the prize has been “absolutely amazing in every regard” for his company. With support from the Group at La Maison des Startups, TOSHI has seen tremendous acceleration, working with seven Maisons, including RIMOWA and Louis Vuitton.  

© Carolina Arantes

Complete list of 2023 LVMH Innovation Award winners by category  

  • Omnichannel & Retail – Grand Prize: Save your Wardrobe 
  • Operations Excellence: LivingPackets  
  • Immersive Digital Experience: Absolute Labs  
  • Sustainability & Greentech: Woola  
  • Employee Experience, Diversity & Inclusion: Neobrain   
  • Image & Media for Brand Desirability: Vidmob  
  • Data & AI Special Prize: Chatlab  

 

Inspiring talks continue…   

Talks on the LVMH stage continued to captivate an avid audience. Iris Decamps, Head of Products, Collections & Innovations at Veuve Clicquot, detailed some of the packaging innovations introduced by the champagne house, which has generalized the use of hemp in all its packaging. It took two years of R&D for Veuve Clicquot to develop its new packaging, made from 50% hemp and 50% recycled paper. “This transition plays a key role in helping the Maison achieve its target of a 50% reduction in carbon emissions by 2030. “Hemp is the plant of the future,” says  Iris Decamps, who enumerated the many advantages of the plant throughout its lifecycle. “We source it locally in Champagne, just 120 km from our cellars. It has rigid fibers that not only promote soil regeneration but also make the packaging five times easier to recycle than cardboard. Hemp is also a carbon sink: one hectare of hemp absorbs four times more carbon than a hectare of forest. Plus it produces a very light colored paper, so fewer chemicals and less energy are needed to bleach it.”  

 

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…plus innovation pitch spaces …

Throughout VivaTech startups are able to pitch their innovations to LVMH in a special space in the Dream Box. Who knows, one of them might be a future winner of the LVMH Innovation Award! 

… and a look at Open Innovation, LVMH style 

To share innovation needs already identified by LVMH Maisons, the Group’s Open Innovation team created an immersive space dubbed Open Lands. Unveiled at VivaTech, Open Lands is also available online at https://thejourney.lvmh.com. 

June 16, 2023 – Day 3 – The future is now!

Once you enter VivaTech, go left and take the escalators up to level one. Then cross the walkway and voilà! – you’re in Hall 2, dedicated entirely to all manner of sports innovations.

Just in front of you is the LVMH Court, where Tiffany & Co., Make Up For Ever, Hublot, Les Echos-Le Parisien and TAG Heuer invite you to discover how they are improving or enriching the practice of sports for both high-level athletes and amateurs alike.

The future of sports

As you enter the LVMH Court, Make Up For Ever displays its Aqua Resist range of waterproof eye  makeup. Able to resist even the most extreme conditions, these products have been designed for synchronized swimming competitors.

Now head back the other way into the world of Tiffany & Co. The Maison is showing off its high-profile collab with celebrated sports gear brand Nike, including a pair of iconic Air Force 1 shoes revisited in Tiffany Blue. There’s also a selection of sterling silver accessories – a whistle, shoe brush, shoe horn and lace locks – as part of this union between two legendary U.S. brands.

Now it’s time to head to the other side of the LVMH Court, where TAG Heuer invites you onto its putting green to test some of the new features on its connected watch designed specially for golfers. Take a swing or a putt and the TAG Heuer Connected automatically calculates all the essential information – shot direction, distance, stroke count and more – letting you concentrate on enjoying your game.

Wait – there’s more! Hublot invites you to feel its love for football by donning a VR headset for an immersive experience inside a virtual stadium. And because sports is of course about fans too, media group Le Parisien – Les Échos welcome you to their fan zone, where you can relive some of the most famous front-page sports stories in recent years.

 

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The future of female entrepreneurship …

At the dawn of the 19th century, at the age of just 27, Barbe-Nicole Ponsardin – better known as Veuve Clicquot – became one of France’s first women entrepreneurs and the first woman to head a champagne house. The legacy of this awesome innovator – creator of both pink champagne and the riddling table – inspires Veuve Clicquot’s deep commitment to female entrepreneurship, in particular the Bold Woman Award, which celebrates its 50th anniversary in 2023.

Earlier this year, the storied Maison created the Bold Open Data Base, the first global open database of female entrepreneurs, further strengthening its commitment. Presented at the LVMH Dream Box at VivaTech, the Bold Open Data Base is also available online. Nearly 1,600 female entrepreneurs have already registered on the platform.

…plus male entrepreneurs with Elon Musk

The high point of VivaTech this Friday was Elon Musk’s participation in a round table moderated by Maurice Lévy, Chairman of the supervisory board of Publicis Groupe, which founded VivaTech alongside Les Echos-Le Parisien. The owner of Tesla, SpaceX and Twitter had a chance to talk about his life as an entrepreneur and his achievements to date in front of a standing room only audience at the Dôme de Paris auditorium. Also on the panel were Antoine Arnault, Image & Environment LVMH, Asmita Dubey, Chief Digital Officer of L’Oréal and Christel Heydemann, CEO of Orange.

 

© Carolina Arantes

VivaTech welcomes the public

On Saturday, VivaTech is open to everyone – including kids! Young and not so young visitors will have a chance to discover all the innovations showcased by LVMH Maisons and take part in activities such as a tiramisu workshop hosted by Maison Cova or body painting with Make Up For Ever.

 

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  4. Save Your Wardrobe wins 2023 LVMH Innovation Award Grand Prize at Viva Technology

Save Your Wardrobe wins 2023 LVMH Innovation Award Grand Prize at Viva Technology

LVMH has announced the winners for the 7th edition of the LVMH Innovation Award, during a ceremony that recognized seven startups. Following the jury’s deliberations, Bernard Arnault presented the Grand Prize to the startup Save Your Wardrobe, a tech-enabled clothing care and repair platform. The awards ceremony punctuated once again by the now expected presence of LIVI, LVMH’s innovation virtual ambassador.

With each successive edition, the LVMH Innovation Award bolsters its position as one of the premier prizes for startups, reflected in the record number of applications received this year. More than 1,300 startups from 75 countries were vying for this year’s award, with over 250 in the Sustainability & Greentech category.

Eighteen finalists proposing solutions with the potential to shape the future of luxury were shortlisted and showcased in the “Dream Box”, LVMH’s pavilion during VivaTech. They competed in six distinct categories: Employee Experience, Diversity & Inclusion, Image & Media for Brand Desirability, Immersive Digital Experiences, Omnichannel & Retail, Operations Excellence, and Sustainability & Greentech.

At the end of the deliberations, Save Your Wardrobe was awarded the Grand Prix of the LVMH Innovation Award, alongside five other winners, as well as the winner of a special prize awarded for Data and Artificial Intelligence.

“Save Your Wardrobe joins the prestigious list of grand winners of the LVMH Innovation Award, all of whom have had an exemplary journey within the group, helping to make our Maisons ever more desirable and to offer the most striking experiences. Save Your Wardrobe also perfectly illustrates our ambition in creative circularity, a pillar of our environmental roadmap, LIFE 360. I am convinced that their solution will very quickly resonate with the aspirations of our Maisons and the expectations of our customers”, said Bernard Arnault, Chairman and CEO of the LVMH group.

“The LVMH Innovation Award represents excellence, ingenuity, and forward-thinking. To be selected as the winner among so many exceptional innovators is a testament to the unique value Save Your Wardrobe brings to the fashion and luxury world. This is a monumental milestone in our journey; one that will fuel our determination to keep pushing the boundaries of the luxury experience while preserving and extending the LVMH’s Maisons legacy”, said Hasna Kourda, Founder and CEO of Save your Wardrobe.

Save Your Wardrobe wins 2023 LVMH Innovation Award Grand Prize

The London-based startup, which also won the “Omnichannel & Retail” category, has developed a digital platform for care and repair as well as digital wardrobe management. Its services increase the lifespan of customers’ garments. Designed to match the individual needs of brands and retailers, the platform streamlines the post-purchase experience with seamless booking and management of aftercare services. It features integrated automated logistics, operational management, fluid customer communication and live data reporting.

Extremely flexible, Save Your Wardrobe can be integrated omnichannel: in-store, online or with brands’ existing CRM. The platform is able to onboard any inhouse service providers or leverage a network of vetted clothing care specialists around the world.

Save Your Wardrobe will have a chance to benefit from personalized support for a full year at La Maison des Startups LVMH, the Group’s business acceleration program at Station F in Paris.

All other LVMH Innovation Award winners are offered the opportunity to heighten their visibility and access the Group’s Maisons’ unique ecosystem. The Award creates a conduit for creating and accelerating collaborations between LVMH Maisons and promising startups motivated by the chance to explore new business models and new technologies.

2023 prizewinners by category

  • Employee Experience & D&I: Neobrain

Internal mobility-oriented AI strategic talent planning suite for HR teams Neobrain is a digital platform based on Artificial Intelligence to help companies allocate the right skills, to the right place, at the right time. Skills and motivations are at the heart of Neobrain, which responds to three key needs within organizations: foster employee engagement and retention; increase internal mobility; align employee skills with the company’s strategy. With its Intelligent APIs, Neobrain interacts with other HRIS, such as Workday, SAP SuccessFactors, Personio, and Oracle, to name a few.

  • Image & Media for Brand Desirability: VidMob

Creative video analytics giving actionable recommendations for better ad performance   

VidMob Vidmob is the leading creative effectiveness platform for enterprise marketers. They use AI to analyse digital ads and offer actionable insights to make creatives work better.

  • Immersive Digital Experiences: Absolute Labs

Web3 CRM platform that analyses blockchain for NFT pricing definition, web3 marketing and wallet messaging.

Absolute Labs has created the first blockchain analytics and web3 marketing automation platform. The aim is twofold. They help brands drive NFT pricing strategies based on relevant blockchain analytics. Also, by identifying market trends and carrying out relevant customer segmentations, they enable the automation of marketing campaigns to these customers via their wallets. This represents a new marketing channel tailored to a web3 audience.
 

  • Omnichanel & Retail : Save Your Wardrobe

Also winner of the Innovation Award Grand Prize.

  • Operations Excellence : LivingPacketsSmart reusable, secured and connected packaging with tracking, insurance and payment features

LivingPackets kicked things off in December 2016 as a small research team developing THE BOX, based in Nantes, France. Since then, we’ve grown to a team of nearly 70 people. Their smart, secured and reusable packagings are protected with more than 40 patents and our flagship product THE BOX was named the “product with the greatest potential to change the world” at CES 2020 at Las Vegas.

  • Sustainability & Greentech: Woola

Packaging made of leftover sheep wool to reduce plastic waste

Founded in 2020, Woola uses waste wool to replace plastic bubble wrap. The company’s products  are used  by retailers to ship  fragile goods, from  cosmetics and  skincare to jewelry and fashion accessories. Headquartered in Tallinn, Estonia the company has raised a total of €3M in venture capital financing from Future Ventures, Lemonade Stand and a number of angel investors.

  • Data & AI Special Prize: ChatLabs

AI-powered hyper-personalized and highly-converting social commerce experiences

ChatLabs’ generative journeys, uses the power of AI to allow brands to tell their stories and share their values in a hyper-personalized manner, by creating a unique customer experience for every individual. Brands can now direct their traffic from social media to an elevated contextual consumer experience, that engages them in a creative and more meaningful manner and puts them on a tailored path towards a particular brand goal.

LVMH congratulates the seven startups that stood out in their respective categories and is proud to help them realize their dreams.

All the finalist startups are invited to join the acceleration program at the Maison de Startups, the Group’s innovation incubator, where they will benefit from personalized mentoring to help them develop their offers and expertise in liaison with LVMH and its 75 Maisons.

©Marie Rouge

©Marie Rouge

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  4. LVMH and Epic Games announce strategic partnership to transform Maisons’ creative pipeline and customer experiences

LVMH and Epic Games announce strategic partnership to transform Maisons’ creative pipeline and customer experiences

At the Viva Technology show, LVMH announced a partnership with Epic Games, creator of Fortnite and Unreal Engine, to transform the Group’s creative pipeline and bring customers new types of immersive products discovery experiences. This strategic partnership will empower LVMH and its Maisons to further utilize Epic’s powerful 3D creation tools to offer experiences like virtual fitting rooms and fashions shows, 360 product carousels, augmented reality, creation of digital twins and more.

These tools, including Unreal Engine, Reality Capture, Twinmotion, and MetaHuman technology will help LVMH unlock significant growth opportunities. With a resolutely future-facing spirit, LVMH and its Maisons have continually updated their offering to engage with new practices while respecting their timeless assets and heritage. This same ethos guides the partnership forged with Epic Games. LVMH will be able to leverage the world-renowned expertise of Epic to enrich the experiences proposed to its customers in virtual worlds, tightening an alignment with the Group’s core strengths in the real world – the inimitable know-how of its production workshops and ownership of its networks of stores.

What’s more, collaborating with Epic will expand the expertise of LVMH teams, reflecting the priority the Group places on nurturing the digital acculturation of its people.

“We have always been committed to innovations with the potential to bring our customers new experiences. Interactive games, which have developed into a full-fledged cultural phenomenon, are a perfect example. The partnership with Epic Games will accelerate our expertise in 3D tools and ecosystems, from the creation of new collections to ad campaigns and to our Maisons’ websites. We will also engage more effectively with young generations who are very much at ease with these codes and uses” says Toni Belloni, LVMH Group Managing Director.    

“With this partnership, we will work with LVMH’s designers to transform physical and digital product creation using Epic’s suite of advanced creator tools. We are excited to accelerate the Group’s adoption of Unreal Engine, Reality Capture, Twinmotion and MetaHuman technology, and help LVMH’s global brands engage with customers through immersive digital experiences,” says Bill Clifford, VP, Unreal Engine at Epic Games.

 

Solutions already deployed at LVMH Maisons

Several LVMH Maisons have already successfully adopted solutions from Epic. During Viva Technology in 2022, Bulgari unveiled a captivating metaverse experience inspired  by ancient Rome dubbed “Virtual Rome”. The project was developed using Epic’s Unreal Engine 5, resulting in stunning realism.

Also at Viva Technology in 2022, LVMH presented Livi, its first virtual ambassador and face of innovation, developed and brought to virtual life thanks to Unreal Engine and MetaHuman technology, Epic’s framework for creating highly realistic digital humans.

This year another iconic LVMH Maison, Louis Vuitton, will present the “Digital Show Experience” at the LVMH Pavilion, designed using Epic’s Unreal Engine 5, MetaHuman technology and Reality Capture. This six-minute interactive and immersive experience will let visitors relive the 2023 Fall-Winter Men’s show, which took place at the famous Louvre Cour Carrée in January 2023. Visitors will discover a selection of looks and creations from the Louis Vuitton men’s collection during a digital journey through the seven rooms in the décor of the show.

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  4. Bold by Veuve Clicquot: 3rd international barometer on female entrepreneurship

Bold by Veuve Clicquot: 3rd international barometer on female entrepreneurship

In 2019, Veuve Clicquot created its Bold International Barometer, a groundbreaking study that provides a detailed and insightful picture of the state of female entrepreneurship around the world. For the third edition of the study in 2023, over 49,000 people were surveyed in 25 countries across five continents to gauge their vision of entrepreneurship by women.

The Bold by Veuve Clicquot barometer paints a unique multicultural and intergenerational picture. By creating this study, Veuve Clicquot seeks to encourage and inspire women entrepreneurs and help them break the glass ceiling.

“In surveying 25 countries, we realized that not everyone is equal in terms of entrepreneurship, and that we must learn from each other. At Veuve Clicquot, we are convinced that this international vision will produce concrete tools and best practices. Together, we need to find inspiration and listen to one another to drive change,” said Jean-Marc Gallot, President and CEO of Veuve Clicquot.

Key findings of the 2023 survey

  1. “Where are the women?”

There are still more male than female entrepreneurs. At the same time, numerous women want to become entrepreneurs, especially in the under 30 age bracket. In Nigeria, for example, 91% of women under 30 view becoming an entrepreneur as an attractive career goal.

  1. “If I were a man…”

Across the world, the majority of women think that women entrepreneurs must act like men to succeed. Women are also convinced that they receive greater criticism than men and that there is a lack of female role models to encourage them to “go for it”. In France, 93% of women avid to become entrepreneurs find inspiration in women entrepreneurs, but only 18% can name a local role model. In South Africa, however, among the 97% of the women who want to be entrepreneurs, 72% can name a local source of entrepreneurial inspiration, an example that other countries can follow.

  1. “Money, money, money”. We never speak (too much) about money.

The 2023 survey reached the same conclusions as the 2021 edition, namely that raising money is still an impediment to women’s entrepreneurial ambitions. In Japan, 55% of women believe that financing is more likely to be accorded to men rather than women entrepreneurs. And in the United Kingdom, 69% of the women interviewed say that financing, investment and fund raising are and will be more difficult to obtain for women in 2023.

  1. “Did you say lack of ambition?!” (fear of failure)

Women are keenly aware of the risks involved in entrepreneurial ventures, and this in no way lessens their motivation. Quite to the contrary, in fact. Nevertheless, as the barometer shows, they must be given sufficient resources. Only 24% of the women entrepreneurs in France say they are less likely to take risks professionally because they have already experienced failure.

Lastly, the Veuve Clicquot Bold Barometer emphasizes that the main reason women around the world – 48% in France – want to become entrepreneurs is “to be my own boss”. Veuve Clicquot concludes its study with a call for collective action: “If women want to become their own bosses and change the world, let’s help them! Let’s support them and build this new world, a world that is gender equal for a healthier economy, politics and society as a whole.”

The complete study is available online at Veuve Clicquot.

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  4. The Winners of the tenth edition of the LVMH Prize for Young Fashion Designers

The Winners of the tenth edition of the LVMH Prize for Young Fashion Designers

The final of the tenth edition of the LVMH Prize for Young Fashion Designers took place on 7th June 2023 at the Fondation Louis Vuitton, in the presence of eight artistic directors of houses of the LVMH Group: Jonathan Anderson, Maria Grazia Chiuri, Nicolas Ghesquière, Marc Jacobs, Kim Jones, Stella McCartney, Nigo and Silvia Venturini Fendi, as well as Delphine Arnault, Jean-Paul Claverie and Sidney Toledano.

Among the nine finalists, the Jury awarded the LVMH Prize to Satoshi Kuwata, 39, a Japanese designer, founder of the genderless brand Setchu. He will receive a 400,000-euro endowment and will be mentored for one year by a team of LVMH experts thanks to the involvement of Sophie Brocart, in charge of this initiative. The actress Gal Gadot presented the LVMH Prize to Satoshi Kuwata.

This year, the Jury exceptionally awarded two Karl Lagerfeld Prizes: one to Julie Pelipas, 38, a Ukrainian designer, founder of the womenswear brand Bettter, and the other to Luca Magliano, 36, an Italian designer, founder of the menswear and genderless brand Magliano. Both will receive 200,000 euros and will enjoy a one-year mentorship by the LVMH Group. The Chinese singer and performer Xin Liu presented the two Karl Lagerfeld Prizes.

Delphine Arnault announces: “Today, I am delighted to celebrate the tenth edition of the LVMH Prize and to honour Setchu whose designs blend great tailoring and elegance, producing collections that are both streamlined and exquisitely cut. The jury has also decided to award the Karl Lagerfeld Prize both to Bettter for its cutting-edge upcycled creations, and Magliano a brand that champions casual and poetic designs. I would like to congratulate all the finalists and applaud their unparalleled talent and creativity. I’m also very grateful to Gal Gadot and Xin Liu for being here today, two outstanding personalities in their respective fields who inspire us all. Finally, I would like to thank the members of this exceptional Jury for taking part in this year’s event and for supporting young designers.”

Moreover, three young fashion school graduates were distinguished: Luc Albert a graduate of Institut Français de la Mode (Paris), Justine Janot, another graduate of Institut Français de la Mode (Paris) and Nikki Park a graduate of the College for Creative Studies (Detroit). Each will receive 10,000 euros and join the studios of three Houses of the LVMH Group for one year, respectively Dior Homme, Louis Vuitton womenswear and Louis Vuitton women’s leather goods.

This year, the total amount of the endowments has reached 860,000 euros.

Just like the LVMH Group, which has implemented a global environmental strategy, the LVMH Prize for Young Fashion Designers wishes to support the winners to help them integrate environmental issues into their design and production processes. They will each enjoy a specific mentoring programme as well as an allowance of 20,000 and 10,000 euros respectively on the Nona Source platform, which aims to revalue deadstock materials from the Group’s Fashion and Leather Goods brands.

The eleventh edition of the LVMH Prize for Young Fashion Designers will be held in 2024.

 

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  4. Meet Toshi, Simplifield and Bambuser, three startups that made their dreams become reality with the LVMH Innovation Award !

Meet Toshi, Simplifield and Bambuser, three startups that made their dreams become reality with the LVMH Innovation Award !

Watch the first episode featuring TOSHI, winner of the 2022 LVMH Innovation Award

In June 2022, Sojin Lee, CEO and founder of the startup TOSHI, won the LVMH Innovation Award grand prize. The award was presented by LVMH Chairman and Chief Executive Officer Bernard Arnault during a ceremony at the VivaTech show in Paris. The recognition signals the beginning of a very promising journey within the LVMH ecosystem. The new series The Journey takes us behind the scenes of a startup, from setbacks to successes, including how it came to engage with LVMH. In this first episode, RIMOWA Global e-commerce & CRM Director Julien Morel, talks about the impact of this successful partnership, which redefines the delivery experience for a Maison that is always avid for innovation and ways to elevate service for customers. TOSHI is now on an accelerated development track as part of the LVMH incubator, Maison des Startups. It has already rolled out its solution for several other LVMH Maisons, including Tiffany & Co., Louis Vuitton and Fendi.

Meet BAMBUSER, winner of the 2021 LVMH Innovation Award 2021 in Episode Two  

The latest episode in our series features an inside look at BAMBUSER, a Swedish startup founded in 2007 whose amazing livestream solution lets Maisons totally revolutionize their online shopping experience. Maryam Ghahremani talks about how support from the Maison des Startups helped her go further in designing this groundbreaking approach to interaction between the online and physical worlds. This avant-garde spirit has encouraged partnerships with Maisons including Parfums Christian Dior, where Direct-to-consumer Marketing Director Élodie Planchon is very enthusiastic about their collaboration.

Third episode of The Journey features entrepreneurial adventure of startup SIMPLIFIELD

The third episode of The Journey recounts the adventure of  the startup SimpliField. Founder Benjamin Zenou presents the solution he introduced in  2013, which now facilitates operational management for thousands of stores around the world.  Thanks to the incubator  La Maison des Startups, the young French firm was able to structure its approach and work effectively with a major group such as LVMH, which places great priority on the customer experience.  SimpliField proposes a highly relevant solution, says Audrey Kolodziejczak, Marketing Manager at Hublot, who salutes the fruitful partnership with the fast growing startup and its ability to listen closely to the needs of its clients.

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  4. Founding partner of Viva Technology, LVMH unveils its ambition for the largest event dedicated to innovation and startups in Europe

Founding partner of Viva Technology, LVMH unveils its ambition for the largest event dedicated to innovation and startups in Europe

The LVMH Group has been a partner of Viva Technology since its inception in 2016. It will once again take part in this unmissable event which will be held from June 14 to 17, 2023 at the Paris Expo Porte de Versailles in Paris. Bringing together all the key players in innovation – major companies, startups, executives… – Viva Technology is an opportunity for LVMH to identify new startups through its Innovation Award. It’s also a great occasion for its Houses and partner startups to showcase their innovations. In 2023, 18 Maisons from the Group’s various divisions will present more than twenty innovations at Viva Technology.  

“The Dream Box”: a pavilion that demonstrates LVMH’s ability to make dreams come true

In 2023, the innovations of LVMH Houses and partner startups will be displayed at the LVMH pavilion built around the theme of “dreams”. After the LVMH “Apartment” in 2022, which was inspired by Hausmannian architecture, the Group will welcome visitors in its “Dream Box”, a 600m2 space which exterior will evolve throughout the day and invite visitors to better understand the making of its Houses’ desirability. The Group will show how dreams – whether it be the dreams of its Maisons’ customers, those of its talents or those of its partner startups – are a formidable driver of innovation and how they come to life through concrete solutions.

This event will also be an opportunity for LVMH to present the three pillars of its innovation ecosystem. The first pillar centers around fostering an omnichannel and immersive customer experience by offering the most innovative shopping experiences both online and in-store. For example, Loro Piana will feature its partnership with the Aura Blockchain Consortium both on the LVMH booth and on the Viva Technology stage. Thanks to this partnership, Loro Piana is able to authenticate and trace its creations using the blockchain technology. The second pillar of this ecosystem is sustainable development. With its long-standing commitment to protecting the environment and biodiversity, the Group and its Houses are committed to developing solutions to ensure their products and the way they are manufactured have a positive impact on their ecosystem during the entire lifecycle. Ruinart will thus unveil a new project around sustainability. And Moët & Chandon will present its work around biodiversity and wine production on the Viva Technology stage. Finally, the third pillar revolves around building and developing a talent community, especially in the tech and data fields. The Group’s Human Resources team will be there throughout the event to show visitors the career opportunities at LVMH and feature many job openings in tech, IT, web3, blockchain, CRM, omnichannel or data.

The 7th LVMH Innovation Award in 2023

As is the case each year, the LVMH Innovation Award will be one of the high points of Viva Technology. Since 2017, this event has rewarded the startups that have the greatest potential to meet the Group’s business challenges. Year after year, the Innovation Award attracts more attention as evidenced by the record number of startup applications received once more in 2023: more than 1300 application from 75 countries (up from 950 in 2022).

18 startups whose solutions have the potential to shape the future of the luxury industry were selected in 6 categories : employee experience, diversity & inclusion; brand desirability; customer experience; omnichannel & retail; operations excellence; sustainable development & greentech.

The startup finalists will present their solutions on the LVMH booth. The winners in each of the six categories will receive an award at the June 15th ceremony in presence of Livi, LVMH’s virtual innovation ambassador. One of the startups will be chosen as the grand winner of the LVMH Innovation Award 2023 and will receive their prize from Bernard Arnault. Last year, Toshi won the grand prize for its solution that brings in-store experiences directly to the customer’s location.

LVMH featured in the “Future of Sport” hall, a new space dedicated to innovation in sports

LVMH will also be featured in the “Future of Sport” hall. Dedicated to innovation in sports, this hall is the Viva Technology 2023’s great novelty, aimed at celebrating a year full international sporting events: Roland Garros, Rugby World Cup and more. LVMH will showcase its Maisons’ long-standing commitment to sports and highlight how sport has been, and continues to be, an inspiration for the Group.

Among the LVMH Maisons presenting their sports innovations: Tiffany & CO. will introduce its collaboration with Nike and showcase its specially designed trophy for the Major League Soccer (MLS), the main soccer league in the United States; TAG Heuer will showcase its connected golf watch latest features; Hublot will immerse visitors in its virtual reality experience called “Hublot Loves Football Stadium”; Make Up For Ever will unveil its « Aqua Resist » line and will do live make-up demonstrations; Le Parisien will highlight its historical coverage of major sports events as well as its projects in view of the next major international sports events planned in France.

Introducing “The Journey”: a new immersive website dedicated to innovation at LVMH

Viva Technology will also be an opportunity for LVMH to present its new immersive 3D website, The Journey. The purpose of this website will be to showcase the Group’s and its Houses’ innovations. Unveiled exclusively at Viva Technology, this new virtual universe is destined to become the sole destination for tech and innovation information on the Group and its Houses.

It will be possible to access The Journey during Viva Technology thanks to QR codes scattered around the LVMH booth. Through the website, one will be able to access LVMH’s Viva Technology program, complete with the lists of the Houses’ and startups’ innovations, and with the various speeches planned throughout the event.  The platform will also be a gateway to job offers.

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  4. Meet the 18 finalists of the 2023 LVMH Innovation Award

Meet the 18 finalists of the 2023 LVMH Innovation Award

 

LVMH has announced the 18 finalists for the 7th edition of the LVMH Innovation Award. The finalists will be invited to showcase their solutions on the LVMH Booth at Viva Technology, the world’s rendezvous for startups and leaders to celebrate innovation. The event, held from June 14-17, 2023, will highlight the longstanding partnership between LVMH and Viva Technology, having been created in 2016 to bring together startups and corporates to drive innovation.

This year’s finalists reflect LVMH’s commitment to creativity, sustainability, and excellence, and their solutions are poised to shape the future of the luxury industry. The competition attracted over 1320 candidates from 75 countries, and the 18 finalists, represented by 28% female founders and co-founders (78% having a woman in their executive team), are classified in six categories. Discover our shortlist:

Employee Experience, Diversity & Inclusion

  • BADGER: Speech-to-text translations on a smart badge for the Sales Assistant to improve communications with customers having hearing deficiencies
  • NEOBRAIN: Internal mobility oriented AI strategic talent planning suite for HR teams
  • SKILLEO: Video game based recruitment platform to improve candidate soft skills pre-assessment

Image & Media for Brand Desirability

  • BLOOM: Social data intelligence deeptech for qualitative and predictive insights
  • VIDMOB: Creative video analytics giving actionable recommendations for better ad performance
  • WIZALY: Attribution analytics for cross-channel online and offline media campaigns

Immersive Digital Experiences

  • ABSOLUTE LABS: Web3 CRM platform that analyses blockchain for NFT pricing definition, web3 marketing and wallet messaging
  • FOSFOR: A phygital full body 3D holographic screen to enhance in-store experiences
  • METAV.RS: A platform allowing to manage Web3 strategies through 3D experiences and gamification

Omnichannel & Retail

  • CHATLABS: AI-powered hyper-personalised and highly-converting social commerce experiences
  • EKOO: Voice product descriptions and reviews on product pages
  • SAVE YOUR WARDROBE: Repair and care service infrastructure platform provider

Operations Excellence

  • APOLLO PLUS: AI for quality control through the fashion production value chain
  • FABRIQ: Operational performance management solution for factories to improve productivity
  • LIVINGPACKETS: Smart reusable, secured and connected packaging with tracking, insurance and payment features

Sustainability & Greentech

  • BIOWEG: Replacing microplastic and non degradable polymers in cosmetics by biobased ingredients
  • RELEAF PAPER: Sustainable packaging made of dead leaves
  • WOOLA: Packaging made of leftover sheep wool to reduce plastic waste

Each category will see one startup nominated as the winner in its category, one startup will be reward with a special prize for its works in data and artificial intelligence.

Finally, only one startup will be awarded the “Grand Prize” of the LVMH Innovation Award 2023.

The finalists will join La Maison des Startups LVMH, the business acceleration program, where they will receive support, mentoring, and access to the LVMH network of luxury industry experts.

The ceremony will take place during VivaTech on June 15th.

Stay tuned to discover the winners.

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  4. Maison Veuve Clicquot celebrates the 50th anniversary of the Bold Woman Award at the Olympia

Maison Veuve Clicquot celebrates the 50th anniversary of the Bold Woman Award at the Olympia

During an exceptional evening at the Olympia, in Paris, Maison Veuve Clicquot celebrated the 50th anniversary of the Bold Woman Award, alongside Gwyneth Paltrow, Oscar-winner actress and founder of goop, a lifestyle and cosmetics brand. The ceremony was the occasion to give the Bold Woman Award to Véra Kempf and the Bold Future Award to Julie Davico-Pahin, and to announce the launch of a new project, the Bold Open Data Base.

Created in 1972, in honor of Madame Clicquot, a trailblazing woman, with great audacity, creativity and fighting spirit, BOLD is a community of 450 female award-winners, from 27 countries. The Maison is the first of its kind to have created and federated an international community of committed female entrepreneurs, who stand shoulder to shoulder and fight for more inclusiveness, impact, and visibility.  All of them are Role Models who stand out for their audacity. By putting them in the spotlight, Veuve Clicquot hopes to inspire and encourage women to embark on the bold and beautiful adventure of entrepreneurship.

Gwyneth Paltrow, a great Role Model, shared her entrepreneurial story with the 1,500 guests at the Olympia, and stressed the importance of having supportive people around you. “The journey of an entrepreneur is full of highs and lows. […] We all have the strength within us to surpass our own fears and find success. Boldness goes a long way, but I believe that what’s crucial in the journey of an entrepreneur is the people around you. […] It’s important to cultivate your own personal board, and to do that for others along the way.”

“During this exceptional evening, we’ve celebrated the audacity of incredible women” says Jean-Marc Gallot, President of Maison Veuve Clicquot”. During the 50th edition, Véra Kempf and Julie Davico-Pahin joined the Bold Community by Veuve Clicquot:

  • Véra Kempf wins the 50th Bold Woman Award with SINGULART, an online contemporary art, and design gallery that disrupts the codes of the traditional art market. Putting diversity, inclusion, and transparency at the heart of her business model, together with a sincere ambition to help contemporary artists and designers get their work out into the world.
  • Julie Davico-Pahin wins the 50th Bold Future Award with Ombrea. The start-up uses IA-based technology to adapt the quantity of light received by plants growing in an open field environment. Ombrea is developing a revolutionary solution to protect field crops from the vagaries of weather.

As a 50th anniversary surprise, the Maison revealed that it was launching an unprecedented and concrete tool to break down the cultural and geographic borders of female entrepreneurship: THE BOLD OPEN DATA BASE. It becomes the first global open database to list and make visible all the women entrepreneurs on the planet. This free database was created using technology and data science. Its objective is to increase the visibility of all women entrepreneurs, and promote a better understanding of female entrepreneurship, across the world.

Other initiatives will continue to be rolled out, namely les Rencontres Audacieuses, the SistaxBold program, Bold Diner, and Bold Conversation.

 

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