LVMH to see more women as leaders in fashion
The multinational conglomerate intends to appoint more women in executive roles
Women in fashion continue to take a giant leap in the industry. LVMH has a policy, EllesVMH, to actively support gender diversity in its employment and leadership roles within the company, and it is taking the initiative to America.
"Diversity creates mutual enrichment and brings us a wealth of individual profiles, making it an essential competitive success factor," Chantal Gaemperle, group executive VP, HR and synergies said in a statement.
She also told WWD that "We wanted to create the working conditions so that people can grow within our group. We have 120,000 employees now in 70 brands, and provide these platforms for people to meet and exchange and learn from one another," noting that 74 percent of the LVMH workforce are women. 36 percent of LVMH's leadership roles are held by women as well – a number that's only expected to rise in coming years.
The multinational conglomerate will bring EllesVMH to its American-based companies to further promote equal treatment of genders in "fundamental areas." These include recruitment, pay, training, maternity and paternity leave.