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LVMH: Women in the Workforce in 2021

Industry: Fashion & Accessories
Current: ESG

In 2021, LVMH reported 71% women participation in its workforce
At LVMH’s executive and manager level, women’s participation was 65% in 2021
LVMH aims to achieve 50% women representation in its key Group positions by 2025

The gender gap in organizations has narrowed over the past three decades, giving more effortless labor mobility worldwide. There has also been an increasing global awareness regarding the right to a dignified and respectful workplace irrespective of sexual orientation and ethnicity of the employees, which promotes an open and inclusive workplace. However, labor market disruption due to the COVID-19 has had devastating consequences globally. According to International Labour Organization (ILO), women’s employment declined by 5% globally in 2020 compared with around 4% for men.

Diversity, equity, and inclusivity (DEI) are critical to the business performance of the consumer sector, which encompasses retailers and consumer-packaged goods manufacturers, since consumers want to buy goods that reflect their values, wants, and needs. Consumers expect more from brands than ever, and retailers must honor DEI. Understanding the brand, setting DEI commitments from the top, delivering on the pledges, recruiting from diverse pools, and creating a supportive environment can all contribute to DEI.

LVMH Moet Hennessy Louis Vuitton SE (LVMH) is a manufacturer and marketer of luxury goods. LVMH markets products under the Christian Dior, Guerlain, Givenchy, Kenzo, Louis Vuitton, Celine, Emilio Pucci, Loewe, Nicolas Kirkwood, Make Up For Ever, and Zenith brand names.

In 2021, LVMH reported 71% of its total workforce were women. During the same year, women’s participation was 65% at the executive and manager levels. Women proportion was 67% in the role of technicians and supervisors while in administrative and sales roles, the women proportion was 78%. LVMH’s production workers consist of 60% women.

LVMH’s selective retailing business group has the highest women representation followed by perfumes and cosmetics, fashion and leather Goods, and watches and jewelry in 2021. The selective retailing business reported that 83% of its total workforce was women.

In 2021, women held 44% of LVMH’s key Group positions. LVMH aims to achieve 50% women representation in its key Group positions by 2025.

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