PARIS — LVMH Moët Hennessy Louis Vuitton said it and roughly half of its luxury brands would adopt the “Women Empowerment Principles” described by a United Nations charter.
The French luxury giant and 30 brand chiefs signed the charter Wednesday as part of a talent development day in Paris assembling 150 high-potential employees.
The seven UN principles offer businesses guidance on how to promote gender equality and women’s empowerment in the workplace. They include implementing supply chain and marketing practices that empower women; promoting education, training and professional development for women; and measuring and publicly reporting on progress made towards achieving gender equality.
Participating brands span all of LVMH’s business groups including Louis Vuitton, Fendi, Marc Jacobs, Emilio Pucci, Berluti, Christian Dior, Loewe, Givenchy, Kenzo and Thomas Pink in fashion and leather goods; Bulgari, Tag Heuer, Fred, Chaumet and Dior Montres in watches and jewelry; Parfums Christian Dior, Guerlain, Parfums Loewe, Acqua di Parma and Make Up For Ever in perfumes and cosmetics; Sephora, Le Bon Marché and DFS in selective retailing; and Krug, Moët & Chandon, Hennessy, Veuve Clicquot and Glenmorangie in wines and spirits.
It is understood other LVMH brands are to sign on at a later date.
According to Chantal Gaemperle, LVMH’s executive vice president for human resources and synergies, said diversity is a key “factor of competitiveness” for the group and its brands.
According to LVMH, 74 percent of its 106,000 employees are women. Among managers, 62 percent are women and among members of its executive committees, 36 percent are women.