Our people:

Architects of LVMH’s current

and future success

As our Maisons’ most effective ambassadors,

our employees shape LVMH’s success every day. That’s

why we pay such close attention to our people

as we work with them to craft the Group’s future together.

In a constantly changing world, LVMH presses forward

with determination. Our more than 215,000 employees

drive our sustainable success. For our Group, they are a

core asset. In an ultra-competitive market, our priority

is to attract, retain and develop the best people.

To demonstrate our commitment to our people, in

2024 the Group launched LVMH Shares, its first

employee share ownership plan (see page 31), which

proved very popular among the 135,000 eligible

employees. As a family business, LVMH is committed

to giving its employees a stake in the Group’s current

and future performance.

In 2024, the Group also launched the HR New Deal, a

new initiative aimed at putting its people at the heart

of everything it does. Resulting from a global consul-

tation of LVMH’s entire human resources community

and inspired by the clienteling expertise of our

Maisons, it enables us to better understand and retain

our most valuable assets: our people.

Designed to adapt to LVMH’s long-term needs, the

HR New Deal is not about breaking with the past but

opening up to the future and serving all of our employees,

whatever their profession, seniority or geographical

location. This ambitious policy makes HR a privileged

partner, determined to support its people at every

stage of their career and their development plans.

LVMH has taken steps to ensure that the HR New Deal

and its People at Heart vision are gradually rolled out

throughout the entire organization and its governance

structures at each of its Maisons and across all geog

raphies to support all its talent With 75 Maisons oper

ating in 81 countries the Group offers its employees a

tremendous range of career opportunities It is vital that

we leverage this unique ecosystem which acts as an

incubator for the Groups current and future leaders

Learning and support

opportunities for all

With the aim of helping its employees to continue

developing their skills throughout their careers, the

Group expanded its range of training in 2024. LVMH

entered into a strategic partnership with Harvard

Business Publishing Education to offer all employees

unlimited access to online training and digital resources

through the Harvard ManageMentor (HMM) platform.

Group employees can access, at their own pace and

according to their own needs, 41 online leadership

courses in five languages covering the skills that are

most in demand today, including team management

and change management.

LVMH House, the Group’s in-house management

training program, ramped up both the pace and the

scale of its activities in 2024, adapting and diversifying

its training programs to reach a wider internal audi-

ence and develop leadership skills at every level of the

organization. Also in 2024, LVMH House increased

both the number of training sessions available and

their geographic scope, for all managers. In 2024, pro-

grams geared towards management achieved a new

milestone, with 62 sessions organized throughout

the world, bringing together over 1,000 participants.

In total, LVMH House delivered training to nearly

12,000 employees in 2024.

Based on a combination of peer coaching selfaware

ness and leadership development support LVMH

Houses flagship program Leading for the Future

continued to expand It brought together managers

from various Maisons of the Group at its centers in

London New York Hong Kong and Singapore provid

ing opportunities for participants to share their expe

rience at the highest level Since its launch in 2022

over 1,100 LVMH senior executives from around the

world have taken part in the program, with more than

550 attending in 2024.

Human resources teams continued to benefit from

the Unfolding Tomorrow video series. Created in

house by the Group’s HR teams, the series showcases

inspiring in-house and outside experts – such as soci-

ologists and demographers – who discuss the strategic

trends that will shape the working world of tomorrow.

Supporting all our talent

In 2024, LVMH laid down the principles governing its

new human resources philosophy in its HR New Deal,

which puts people at the heart of its strategy. LVMH

marshalled the collective intelligence of the Group’s

HR community, made up of over 4,000 employees,

by holding 24 regional HR summits in 11 cities around

the world at the end of 2023. This wide-ranging

consultation culminated in a Global HR Summit in

Paris in March 2024, which brought together over

350 key HR contributors from all Maisons and

regions to jointly devise and plan the transformation

of the Group’s HR function.

To ensure that HR action plans are aligned with the

Maisons’ business priorities and goals, LVMH has for

many years conducted a highly effective human resource

management initiative known as the Organization and

Management Review OMR Carried out every year

worldwide the review puts into perspective the stra

tegic needs organizational characteristics and talent

pool of each of the Groups Maisons

In 2024 LVMH further developed this approach in

order to gain a deeper understanding of the specific

needs of each Maison from the inside through

closerdialogue with its people LVMH met with over