The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture Of Material For Textiles, Apparel, Leather And Related Products Manufacture Of Wearing Apparel 14 - Manufacture of wearing apparel
2,500 jobs Number of planned job creations
Announcement Date
22 September 2021
Employment effect (start)
23 September 2021
Foreseen end date
31 December 2022
Description
The luxury group LVMH has announced plans to recruit 25,000 young people under the age of 30 worldwide, by 2022. In France, LVMH will recruit nearly 5,000 young people through internships or apprenticeships, as well as 2,500 through permanent employment contracts.
The Group also announced it is continuing to help young people build their careers through several initiatives carried out in partnership with schools and universities in France.
According to the HR manager, to recruit young people is 'a question of survival' for the group, as LVMH experienced a 'shortage of talent in the restaurant industry, in-store sales, jewellery and leather goods'.
LVMH brings together brands of wines and spirits (Moët & Chandon, Dom Pérignon, Veuve Clicquot, Ruinart, etc.), fashion and leather goods (Louis Vuitton, Christian Dior, Céline, Fendi, Marc Jacobs, etc.), perfumes (Guerlain, etc.), jewellery (Bulgari, Tiffany, etc.) and watches (Chaumet, Tag Heuer, etc.). It is also active in selective distribution (DFS, Sephora), hotels (Cheval Blanc) and the press (Les Echos-Le Parisien).
22 September 2021: LVMH( (Press release) (www.lvmh.com)
Citation
Eurofound (2021), LVMH, Business expansion in France, factsheet number 105296, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/105296.
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