LVMH partners with Polimoda to deliver leather goods training
Luxury conglomerate Moët Hennessy Louis Vuitton (LVMH) is hoping to guarantee a strong skills pool when it comes to leather-goods artisans in the future. The company’s Institut des Métiers d’Excellence (IME) and Italian fashion and design school Polimoda are collaborating to train prospective leatherworkers for the luxury sector. LVMH’s IME program was founded in 2014, and trains more than 200 young people in a variety of areas, including watches, luxury retail, dressmaking and winemaking. It has partnered with institutions in France and Switzerland, but this collaboration is the first it’s making in one of the traditional homes of luxury, Italy.
LVMH’s share price is up 22% so far this year
SOURCE: Yahoo Finance
The training program will be funded in part by the Tuscany region, which is a major contributor to leather-goods production for numerous industries within the luxury sector. In its first year, it will welcome 12 students, whose studies will include hands-on craftsmanship training at LVMH houses.
Chantal Gaemperle, executive vice president of human resources and synergies at LVMH, said: “I am delighted to see the launch of this new program with Polimoda in Italy, an exemplary country regarding creativity, talent and fundamental savoir-faire that are essential to the LVMH group.”
Danilo Venturi, Polimoda’s director, added: “This partnership is an important initiative for Polimoda, confirming the school’s competitiveness on an international scale and recognizing the success of our educational methods for fashion and design professionals. It is also a major development for our region, recognizing it as a center of competencies and expertise and affirming the worldwide reputation of ‘Made in Italy’ excellence.”
Dominion holds LVMH in its Global Trends Luxury Fund.
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