Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
French luxury group LVMH has announced that it will recruit 2,500 employees in France by the end of 2024.
The group has launched its ‘You & ME’ Métiers d'Excellence tour aiming to recruit over 3,500 staff. Under the recruitment programme, the company offers 2,500 permanent employment contracts as well as 1,000 internships or apprenticeships. ‘You & ME’ will focus on customer experience, design, and artisanry in its presentation of the trades of the LVMH group. It targets young people and professionals in search of a career change. The luxury sector is facing a hiring shortage as older employees retire and there is a lack of awareness of these trades among younger people.
LVMH Moët Hennessy Louis Vuitton, commonly known as LVMH, is a multinational holding company specializing in luxury goods. The company was formed in 1987 through the merger of fashion house Louis Vuitton with Moët Hennessy. LVMH controls around 60 subsidiaries that manage 75 luxury brands. LVMH counts 213,000 employees worldwide and around 40,000 in France.
The previous restructuring events of LVMH were recorded in the ERM events database: LVMH-2023-FR and LVMH-2021-FR
Eurofound (2024), LVMH , Business expansion in France, factsheet number 201998, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/201998.
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