×
221
Fashion Jobs
CENTURY PLYBOARDS (I) LIMITED
Area Sales Manager
Permanent · Aurangabad
KISHOR EXPORTS
Qam - Quality Assurance Manager For Garment Exports Company
Permanent · Ranchi
HERO HOUSING FINANCE LIMITED
Area Sales Manager
Permanent · Nagpur
KISHOR EXPORTS
Production Manager
Permanent · Ranchi
SNEHA SYNERGY SOLUTIONS PVT LTD
Production Manager in Manufacture Company at Sangareddy
Permanent · Sangareddy
CORPORATE RESOURCES
Manager – HR & Admin (Garments)
Permanent · Salem
ELECTRONICA FINANCE LTD
Area Sales Manager - Coimbatore Machinery Loan
Permanent · Coimbatore
CORPORATE RESOURCES
Area Sales Manager (Fmcg)
Permanent · Coimbatore
ZTT INDIA PRIVATE LIMITED
Production Manager
Permanent · Lady Lake
ACADECRAFT PVT. LTD.
Video Production Manager
Permanent · Noida
WINGS PHARMACEUTICALS
Area Sales Manager - Generic Division
Permanent · Palakkad
DIASORIN HEALTHCARE INDIA PRIVATE LIMITED
Area Sales Manager
Permanent · Kochi
PROPERTYXPO.COM
Area Sales Manager – Real Estate Portfolio Management Gurgaon
Permanent · Gurugram
INDOCO REMEDIES LTD
Senior Production Manager
Permanent · Navi Mumbai
LEVI'S
Manager, Global Security & Resilience, Asia
Permanent · Bengaluru
UNISON INTERNATIONAL CONSULTING PVT. LTD
Looking For a Manager – Quality For a Retail Brand in Mumbai
Permanent · Mumbai
LIMERICK BY ABIRR N' NANKI
Sales And Customer Relationship Manager
Permanent · GURUGRAM
METROPOLIS HEALTHCARE LIMITED
Territory Sales Manager @ Mumbai
Permanent · Mumbai
DR LAL PATHLABS
Area Sales Manager - Bangalore | dr Lal Path Labs
Permanent · Bengaluru
DR LAL PATHLABS
Area Sales Manager - Trivandrum | dr Lal Path Labs
Permanent · Thiruvananthapuram
WINGS PHARMACEUTICALS
Area Sales Manager - Generic Division
Permanent · Ernakulam
SQUARE YARDS CONSULTING PRIVATE LIMITED
Business Development Executive/Manager/Area Sales Manager
Permanent · Pune
By
Reuters API
Published
Apr 10, 2018
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

France's LVMH backs luxury startups with Station F

By
Reuters API
Published
Apr 10, 2018

France's LVMH is fostering projects by entrepreneurs in the luxury goods sector, including a startup working with silkworms on new materials and another whose software might help detect counterfeits.


Ian Rogers, chief digital officer at LVMH, Delphine Arnault, member of the executive board at LVMH, Xavier Niel, founder of "Station F", Bernard Arnault, chief executive officer of LVMH Moet Hennessy Louis Vuitton SE and Frederic Arnault, head of connected technologies at TAG Heuer pose for a photograph at "Station F", a mega-campus for startups located inside a former freight railway depot in Paris, France - Reuters


The Louis Vuitton owner on Monday unveiled a Paris-based startup programme, which aims to support some 50 businesses a year by hosting them in a mega-campus where they can collaborate with its brands.

LVMH, the world's biggest luxury goods group, is following in the footsteps of French cosmetics giant L'Oreal in grabbing a corner of Station F, a vast startup incubator in Paris where it offers rent-free space to the startups.

"The idea is to animate and activate those conversations around the things that might affect the luxury industry," said Ian Rogers, a former Apple music executive who joined LVMH in 2015 as chief digital officer.

Paris is among major European cities bidding to displace London's dominance in the startup scene as Britain's EU exit looms and President Emmanuel Macron pushes a pro-reform agenda designed to promote budding businesses and draw investment.

LVMH was for now concentrating its startup efforts on the French capital, Rogers added. "It's our home, and it's in a unique moment right now," he said.

Station F was launched last year by French billionaire Xavier Niel, who is also the partner of Delphine Arnault, an executive at Vuitton and daughter of LVMH boss Bernard Arnault.

Luxury and beauty firms are increasingly interested in tech projects, as they do more business online and use apps that allow customers to try out products, and many are investing in new fabrics or connected objects too.

LVMH, which also owns fashion label Christian Dior and champagne house Moet & Chandon, did not disclose how much it was spending on Its Station F venture, which kicked off in November but was formally unveiled on Monday.

Rogers did not rule out that LVMH or its venture capital arm could invest in some of the startups later on, though said there were no immediate plans to support the firms financially.

LVMH on Monday posted a better-than-expected rise in first quarter sales, boosted by strong demand from Chinese consumers.

Many of the startups have already had some contact with LVMH or other luxury brands but want to grow their reach.

Clara Hardy, co-founder of Sericyne, which has patented a new technique allowing silkworms to spin shapes onto moulds, said the firm had designed decorative watch faces using the material, for instance, and had more projects in the works.

"Our business still has a lot of commercial development to do," said Hardy, 28.

© Thomson Reuters 2021 All rights reserved.