TRAINING IS IMPORTANT TO CREATE THE FUTURE GENERATION OF LUXURY CRAFTSMAN SAYS LVMH

 & EDU

On Monday, the LVMH group started its first Italian professional training programme in Florence, where it established a branch of the Institut des Métiers d’Excellence (IME), its vocational training institute. On this occasion, the French luxury group’s Director for Human Resources and Synergies, Chantal Gaemperle, spoke to FashionNetwork.com about the new needs of the luxury goods industry.

“…LVMH’s training is a way of passing on our expertise, of preserving crafts which risk being lost, and of educating craftsmen to deliver excellence…”

“…crafts people transmit not just the quality of their expertise, but also their pride in creating fine products…”

“…Working in the luxury industry means… embracing the uncertainty and ambiguity of things, because we are part of a creative process. The world of luxury is full of paradoxes and tensions…”

Source: UK FashionNetwork

SCHAUS TAKES OVER NAVARRE FOR CEO OF LVMH'S MOET-HENNESSY DIVISION

LVMH's Moet-Hennessy Unit, and logo

Moët Hennessy’s Christophe Navarre is stepping down from his role as CEO, departing the drinks company to focus full-time on his investment fund Neptune International. Navarre joined LVMH in 1997 as president and CEO of JAS Hennessy & Co., and has served as CEO of LVMH’s Moët Hennessy division.

This division is composed of a portfolio which includes Moët & Chandon, Dom Pérignon, Ruinart, Krug and Veuve Clicquot Champagne brands, but also spirits with Hennessy Cognac,  Glenmorangie Scotch whiskies, Ardbeg Scotch whiskies and Belvedere Vodka, and other wines such as Cheval des Andes, Newton Vineyard, Numanthia and Terrazas de los Andes.

Hennessy, in particular, has enjoyed an impressive rise during Navarre’s management, with the brand surging 22% to 3.7 million cases in the U.S. last year, accounting for roughly two-thirds of the overall Cognac market.

Philippe Schaus, who currently manages LVMH’s luxury travel retail division DFS Group, has been named as Navarre’s successor. A 14-year LVMH veteran, Schaus previously served as executive vice president of Louis Vuitton between 2009 and 2011, and was named chairman and chief executive officer of DFS in 2012.

HENNESSY COGNAC IS PART OF LVMH: LIST OF 62 LVMH BRANDS

You are probably aware of what the acronym LVMH stands for?

Yes, you are correct Louis Vuitton Moet Hennessy. LVMH is the largest luxury group in the world with records sales (+/- $30 billion) and profits (+/- $5 billion) in 2012, and 62 luxury brands in its portfolio.

LVMH 5 Champagnes

10 Cane Rum
Acqua di Parma
Belvedere
BeneFit Cosmetics
Berluti
Bodega Chandon Argentina
Bon Marche Rive Gauche
Bulgari
Cape Mentelle
Celine
Chateau Cheval Blanc
Chateau d’Yquem
Chaumet
Cheval Blanc - Hotels
Cheval des Andes
Christian Dior Parfums
Cloudy Bay
De Beers
DFS
Dom Perignon
Domaine Chandon Australia
Domaine Chandon California
Donna Karan
Edun
Emillo Pucci
Fendi
Fendi Parfums
Fred
Fresh
Givenchy
Givenchy Parfums
Glenmorangie Company
Guerlain
Hennessy
Hublot
Kenzo
Kenzo Parfums
Krug
Le Jardin D’Acclimatation - Activity Park
Les Echos - Publications
Loewe
Loewe Parfums
Louis Vuitton
Make Up For Ever
Marc Jacobs
Mercier
Miami Cruise Line Services
Moet & Chandon
Newton Vineyard
Nowness
Nude
Numanthia
Royal Van Lent - Yachts
Ruinart
Samaritaine
Sephora
Tag Heuer
Terrazas de los Andes
Thomas Pink
Veuve Clicquot
Wenjun
Zenith

LVMH majority of its brands are in the wine & spirits industry with Hennessy being the leading brand. Cognac is alive and kicking!

Source: www.lvmh.com

Pernod Ricard May be the New Owner of Courvoisier - What Would Martell Think?

Today an interesting thing is unfolding in the world of big money where shares of faceless big companies are taking overs of each other making the spirits industry even harder for small brands. Today Bloomberg and Goldman Sachs are announcing possible change of hands for Beam Inc. Beam Inc is the owner of multiple brands of spirits including Courvoisier Cognac. Potential companies predicted to take over are the two European spirits companies Pernod Ricard or Diageo. In both cases, it makes for an interesting scenario. In the case of Diageo, they already own multiple agreements and business shares of Hennessy Cognac in association with LVMH. A take over Courvoisier from Diageo would create some tensions for sure. On the other hand, Pernod Ricard is the well known owner of Martell, now the 2nd largest cognac company. If PR was to take over Courvoisier - what would happen!
I can hardly imagine what it must be to manage one of these Houses but two!! There would be certainly some difficult decisions and it may not be in the advantage of Courvoisier.
Read more at:http://tinyurl.com/3heza89