January 15, 2018 LVMH Innovation Award: only one month left to apply!
January 15, 2018 at 10:54 am EST
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Eligible startups must have been created within the past five years, have a valuation of under $100 million, fewer than 50 employees and propose solutions relevant to the challenges addressed by the LVMH Group and its Maisons. Startups can apply until February 15, 2018.
After an initial selection, 30 finalist startups will be invited to the Viva Technology show in May 2018, where they will be spotlighted at the LVMH Luxury Lab. One will then be named the winner of the 2018 LVMH Innovation Award and have a chance to work with the LVMH Group and its Maisons at Station F, the largest startup campus in the world.
The LVMH Innovation Award supports emerging creative talents and stimulates fresh ideas by accelerating the growth of startups and their launch in the market. This approach resonates with the LVMH Group's values of creativity, innovation, excellence and entrepreneurial spirit.
Follow this link to apply.
LVMH - Moët Hennessy Louis Vuitton SA published this content on 15 January 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 15 January 2018 15:54:06 UTC.
Original documenthttps://www.lvmh.com/news-documents/news/lvmh-innovation-award-only-one-month-left-to-apply/
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LVMH Moët Hennessy Louis Vuitton SE is the world leader in luxury products. Net sales break down by family of products as follows:
- fashion and leather items (48.9%): brands such as Louis Vuitton, Kenzo, Celine, Fendi, Marc Jacobs, Givenchy, etc.;
- watches and jewels (12.8%): Bulgari, TAG Heuer, Zenith, Hublot, Chaumet, Fred brands, Tiffany, etc.;
- perfumes and cosmetics products (9.6%): perfumes (Christian Dior, Guerlain, Loewe, Kenzo brands, etc.), makeup products (Make Up For Ever, Guerlain, Acqua di Parma, etc.), etc.;
- wines and spirits (7.7%): champagnes (Moët & Chandon, Mercier, Veuve Clicquot Ponsardin, Dom Pérignon brands, etc.; No. 1 worldwide), wines (Cape Mentelle, Château D'Yquem, etc.), cognacs (mainly Hennessy; No. 1 worldwide), whisky (mainly Glenmorangie), etc.;
The remaining sales (21%) are from selective distribution through the Sephora, DFS, Miami Cruiseline chains and Le Bon Marché and La Samaritaine department stores.
At the end of 2023, products are marketed via a network of 6,097 outlets located throughout the world.
Net sales are distributed geographically as follows: France (7.9%), Europe (16.4%), Japan (7.3%), Asia (30.8%), the United States (25.3%) and other (12.3%).
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