Christian Dior Couture’s Post

Employee diversity is good for business. That’s the conclusion of an ever-growing list of studies that show companies with a socially diverse workforce are more innovative, productive, and boast better financial performance. LVMH, the world's leader in luxury goods, is a case in point. Counting among its 196,000-strong workforce more than 190 nationalities and people from four generations in over 80 countries, LVMH's luxury goods empire delivers 75 prestigious brands, more than 3,000 stores, and reported sales of €79.2 billion in 2022. Not to mention ranking first in the CAC 40 stock market index by valuation and in the top 20 of the world's largest companies. While the success of LVMH is based upon numerous factors, 'diversity and inclusion' sits at the heart of the conglomerate's business model. “Inclusion is a choice we all make and that must be felt through our behaviours and actions every day,” says Vanessa Moungar, Chief Diversity and Inclusion Officer at LVMH. #lvmh #diversityinclusion #employees #deistrategy

Luxury giant LVMH faces a substantial workforce deficit, estimating a shortage of 22,000 skilled employees by 2025. This trend sheds light on the evolving dynamics of talent acquisition in high-end industries, with a notable impact on the global job market. #LVMH #WorkforceDeficit #TalentScarcity #LuxuryIndustry #GlobalBusinessTrends

LVMH: Spreadsheets Run Businesses, But Vision Builds Brands Yesterday LVMH announced the appointment of Michael Burke as Chairman and CEO of LVMH Fashion Group. He succeeds Sidney Toledano, who is appointed Advisor to Bernard Arnault and leaves the LVMH Executive Committee. This transition reflects LVMH's effective succession planning and ability to promote strong internal candidates. As an ex headhunter, I see several positive signs: ▶ Smooth transition - Toledano to advisor role, Burke stepped up from another LVMH brand. This ensures continuity and leverages existing relationships/knowledge. ▶ Strong successor - Burke has a proven track record of growth and success with big brands like LV. Ready to scale up further. ▶ Complementary skills - Toledano's strategic vision and creative rebuilding of Dior is balanced by Burke's commercial growth abilities. ▶ Development opportunities - Burke's move creates an opening at LV for the next rising star. This stimulates retention of talent within the organisation. ▶ Signalling to market - This shows LVMH can cultivate world-class internal talent which actually helps attract outside candidates too. However, some risks include: ▶ Big shoes to fill - Toledano leaves a huge legacy. Burke will be compared to those achievements. ▶ Cultural fit - Toledano sounded more philosophical about long-term vision and creativity. Burke focused more on growth. Could there be a cultural mismatch? ▶ External perception - Was an exhaustive external search conducted? Or just anointing the next loyal lieutenant? This transition reflects many headhunting best practices for continuity and growth. But the cultural fit will be key for Burke to unify and inspire the creative brands moving forward. With my business coach hat on, I would advise LVMH to ensure he receives coaching to broaden his leadership style. But a smooth change at the top helps reinforce LVMH's employer brand in the market. Overall a win win and I can't wait to see how the future unfolds! #luxpreneur #luxurynews #linkedinluxury #linkedinnews #linkedinnewsuk #businesscoach #leadershipdevelopment

#Fashion Industry Leaders on #Upskilling Opportunities in the Workplace BoF spoke to HR executives and talent experts at Alexander McQueen, On and Deckers Brands — global employers currently recruiting on BoF Careers — to understand what skills are most relevant to the fashion industry and how to #upskill in them in the workplace.

Here are some captures from the insight conversation we had at Charana TV on Apparel Industry Workforce & Brand Management. #HR Watch the full program- https://lnkd.in/gMHpu_9Z

𝗔 𝗗𝗼𝘀𝗲 𝗼𝗳 𝗖𝘂𝘀𝘁𝗼𝗺𝗲𝗿 𝗜𝗻𝘀𝗶𝗴𝗵𝘁 📝 Sharing our Luxury Consultant Summer Wong’s perspective on: ‘𝗪𝗵𝗮𝘁 𝗔𝗿𝗲 𝘁𝗵𝗲 𝗦𝗸𝗶𝗹𝗹𝘀 𝗙𝗮𝘀𝗵𝗶𝗼𝗻 𝗘𝘅𝗲𝗰𝘂𝘁𝗶𝘃𝗲𝘀 𝗡𝗲𝗲𝗱 𝘁𝗼 𝗚𝗲𝘁 𝗛𝗶𝗿𝗲𝗱 𝗧𝗼𝗱𝗮𝘆?’, an article from BOF. The article discussed about the essential skills fashion executives need to secure employment in today’s dynamic luxury industry. We would like to highlight that effective communication and clienteling have become more crucial than ever in this rapidly evolving era. Fashion executives must possess exceptional communication skills to articulate their ideas, build strong relationships, and inspire teams and customers. So what should we know more about communication/clienteling? We are delighted to invite you to join our founder Gogo Cheng and our dear friend and luxury clienteling expert Séverine Reymond for "𝗜𝗻 𝗣𝘂𝗿𝘀𝘂𝗶𝘁 𝗼𝗳 𝗖𝘂𝘀𝘁𝗼𝗺𝗲𝗿 𝗟𝗼𝘆𝗮𝗹𝘁𝘆" 𝘄𝗲𝗯𝗶𝗻𝗮𝗿. In this webinar, one of the topics we will discuss is 𝗰𝗹𝗶𝗲𝗻𝘁𝗲𝗹𝗶𝗻𝗴'𝘀 𝗽𝗶𝘃𝗼𝘁𝗮𝗹 𝗿𝗼𝗹𝗲, you are more than welcome to share your thoughts with us and we could discuss more in the webinar! The webinar will be hosted at 𝟲 𝗣𝗠 𝗛𝗞𝗧/ 𝟭𝟮 𝗣𝗠 𝗖𝗘𝗧 𝗼𝗻 𝘁𝗵𝗲 𝟭𝟲𝘁𝗵 𝗠𝗮𝘆. We will be welcoming a small group of participants to allow for quality interactions, so message us or email [email protected] now to reserve a spot 💺 ! We look forward to seeing you there ❤️ Click here to view the full article: https://lnkd.in/dPJbJM4u #GogoChengConsulting #CustomerLoyalty #Communication #Strategy #InPursuitofCustomerLoyalty

✨ Happy Tuesday! Let's keep sharing crucial tips for a successful career path in Luxury Retail! Today's tip: Maintain Impeccable Appearance! 💄 Ensure that staff is impeccably dressed, representing the luxury brand's image and sophistication. #fashion #customerservice #luxuryRetail #fashioncarrers #hr #luxurylifestyle #recruitment

The Talent Enigma in Luxury Retail: Bridging Expectations with Reality In the world of luxury retail, the quest for the perfect hire is akin to searching for a rare gem. It's a sector where brand ambassadors must personify exclusivity and excellence just as much as the products they sell. But why does this perpetual hiring challenge persist? Is it a case of sky-high expectations vs. market realities, or is there more beneath the surface? Exploring the Luxury Hiring Gap Luxury brands are in a perpetual hunt for the ideal blend of poise, professionalism, and persona. However, the market often presents a starkly different pool of candidates. This disconnect poses a critical question: Consider: How can luxury retailers reconcile their brand expectations with the available talent pool? Empowering Recruiters: The Consultancy Edge The dynamic between luxury brands and recruiters needs a transformative shift. Recruiters should become strategic allies, empowered with insights to curate a talent pool that resonates with the brand’s ethos. Ask yourself: In what ways can recruiters evolve to serve as brand consultants, enhancing the hiring quality for luxury retailers? Beyond the Resume: The Narrative of Potential Luxury retail doesn't just sell products; it sells an experience, a story. Hence, hiring must transcend beyond qualifications to a candidate’s narrative and potential alignment with the brand story. Engage: What innovative methods can be implemented to discover a candidate’s potential that aligns with a luxury brand’s narrative? Inclusivity vs. Exclusivity: Striking a Balance In today's narrative, excellence and inclusivity are not mutually exclusive. Luxury brands must navigate this delicate balance to ensure their ethos of exclusivity welcomes a diverse array of exceptional talents. Deliberate: What strategies can luxury brands employ to achieve a harmonious balance between exclusivity and inclusivity in their hiring practices? Join the Dialogue The luxury retail hiring conundrum calls for a collaborative exploration of strategies that align brand expectations with the realities of the talent market. #LuxuryRetail #TalentAcquisition #BrandAmbassador #HiringChallenges #RecruitmentStrategy #InclusiveExclusivity #RetailExcellence #LuxuryBrands #RecruiterInsights #CareerNarratives #RetailTalentPool

Do luxury companies need employer branding? Montblanc says YES. And we are proud to have been chosen to implement it. Today, the design magazine #PAGE reported on the #multichannelcampaign "What moves you, makes us" with which Montblanc is on a #talentacquisition mission. Fresh, modern, cheeky - but fully authentic. After interviews and surveys with 1,500 employees, it quickly became clear what connects them to the traditional Hamburg-based company: #Collegiality, a sense of #togetherness, and above all the #passion to create something extraordinary - and that can only be done together. An #employerbrand can only emerge from within the company - we thank Montblanc for trusting us to embark on a strategic and creative journey that has been challenging at times. The company has shown courage - and is now being rewarded with an employer brand that expresses all that has already been lived. And that is the way it should be. #Nobullshit needed. 💡 Are you looking for ways to make your company stand out in the battle for talent? Then get in touch with us. We look forward to defining promising paths and exploring them together. Sascha Schneider Kim Fobe Prof. Nikolaus Hafermaas Rico Zocher #employerbranding #waroftalent #campaign #whatdrivesyoumakesus https://lnkd.in/e5-sSvdJ