LVMH Launches Pro­fes­sional Jew­ellery Train­ing Pro­gramme

Solitaire - - SPECTRUM -

Lux­ury goods man­u­fac­turer LVMH an­nounces the cre­ation of “L’In­sti­tut des Métiers d’Ex­cel­lence” (IME), a pro­gramme of pro­fes­sional train­ing that will al­low the LVMH Group to en­sure the trans­mis­sion of its savoir-faire while en­hanc­ing the dif­fer­ent métiers (pro­fes­sions) in the fields of crafts­man­ship and cre­ation among young gen­er­a­tions. Start­ing in Septem­ber, the IME will en­able ac­cred­ited de­grees, through paid ap­pren­tice­ships within the Maisons of the group.

“The LVMH In­sti­tut des Métiers d’Ex­cel­lence un­der­lines the key role of ap­pren­tice­ships, su­per­vi­sors and tu­tors in the trans­mis­sion of the knowl­edge and de­vel­op­ment of savoir-faire. Our métiers are mas­tered over the long term: all em­ploy­ees within the group are com­mit­ted to the preser­va­tion and en­rich­ment of its her­itage, and are there­fore proud to con­trib­ute to this orig­i­nal ini­tia­tive,” said Chan­tal Gaem­perle, group ex­ec­u­tive vice pres­i­dent, hu­man re­sources and syn­er­gies.

Chaumet work­shop.

The train­ing pro­grammes of the in­sti­tute have been de­vel­oped in col­lab­o­ra­tion with ed­u­ca­tional part­ners. Last April, LVMH signed a part­ner­ship with the renowned Paris Jew­elry School (BJOP) in or­der to es­tab­lish an LVMH class within the pro­fes­sional ap­ti­tude cer­tifi­cate (CAP) in “Jew­elry Arts and Tech­niques”. Chaumet and Louis Vuit­ton will wel­come the first se­lected stu­dents as part of the pro­gramme this year.

LVMH re­cently re­ported a 1% fall in H1 rev­enue from jew­ellery and watches, at €1.26 bil­lion. The di­vi­sion’s profit from re­cur­ring op­er­a­tions dropped 31% to €107 mil­lion. “The de­crease in profit from re­cur­ring op­er­a­tions is prin­ci­pally ex­plained by a neg­a­tive ex­change rate ef­fect, while in­vest­ments in com­mu­ni­ca­tions con­tinue,” the firm noted.

In ad­di­tion, the group an­nounced the sig­na­ture of a new part­ner­ship with the School of the Cham­bre Syn­di­cale de la Cou­ture Parisienne (ECSCP) to launch the first CAP class in “Dress­mak­ing”. The stu­dents will be un­der the guid­ance of Dior Cou­ture and Givenchy start­ing next fall. LVMH also in­tends to sign other part­ner­ships in the fields of leather goods, visual mer­chan­dis­ing and sales.

For each train­ing pro­gramme, the stu­dents will ben­e­fit from an ed­u­ca­tional cur­ricu­lum com­bin­ing the­o­ret­i­cal and prac­ti­cal train­ing at a school, as well as prac­ti­cal ex­pe­ri­ence within the work­shops of the group’s Maisons. Stu­dents of the ini­tia­tive will also have the op­por­tu­nity to in­ter­act with master crafts­men and de­sign­ers of LVMH.

A first in the lux­ury sec­tor, the IME is the only train­ing ini­tia­tive which part­ners with lead­ing schools in or­der to de­liver a de­gree and im­prove the em­ploy­a­bil­ity of young peo­ple while de­liv­er­ing ap­pren­tice­ships in the fields of crafts­man­ship and cre­ation.

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