Restructuring events
European Restructuring Monitor (ERM)
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.
The world's number one luxury group LVMH will open this summer its 15th leather goods workshop, creating 200 new jobs for its brand Louis Vuitton at La Merlatière in Vendée. The group Louis Vuitton already employs 650 artisans in Vendée. 'At the end of 2017', said the CEO, 'we opened our 14th French workshop in Saint-Pourçain in Allier, for which we hired some one hundred leather goods workers and we are going to open a fifteenth one at the end of the semester at La Merlatière in Vendée'.
The group hires every year 2,500 to 3,000 people in France. The Louis Vuitton brand employed 4,500 people in 2017 worldwide, including around 2,000 in its French workshops.
Eurofound (2018), Société Des Ateliers Louis Vuitton, Business expansion in France, factsheet number 93157, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/93157.