The handbag market - Italy

• 1. Number of Hermès leather factories in France: 23.
• 2. Frequency of new leather goods factories opened by Hermès: one per year.
• 3. Length of training for a leatherworker at Hermès: 18 months for basic training, and 5 years to master the craft.
• 4. Standard capacity of Hermès leather goods factories: 300 employees, including 260 craftsmen and 40 supervisory and support staff.
• 5. Year Hermès launched its leather goods division: 1923.
• 6. Change in contribution to Hermès sales: initially 55% from silk and 9% from leather goods; today, these percentages are largely reversed.

• - The Chanel group employs over 36,500 people worldwide.
• - Chanel sales 19.7 billion dollars in 2023
• - Chanel sales rose by +15.8%.
• - In the United States, Chanel sales rose by less than 3% to $3.9 billion.
• - In Asia, Chanel sales rose strongly by 17.7% to $8.4 billion.
• - Chanel's distribution network has doubled over the last five years.

• - Chanel 2023 annual sales: $19.7 billion (approx. €18.2 billion), an increase of 14.6%.
• - Workforce: 36,500 employees.
• - Number of Chanel boutiques worldwide: over 600.
• - Sales in Asia: $8.4 billion, up 17.7%.
• - Sales in Europe: $4.7 billion.
• - Sales in the United States: $3.9 billion, with growth of less than 3%.
• - Number of Chanel stores in mainland China: 18.

• **Toni Belloni**
  • - Period in LVMH: more than 23 years
  • - Roles: General manager and chairman of the executive committee of LVMH
  • - Next role: In charge of some strategic missions and president of LVMH Italy
• **Stéphane Bianchi**
  • - Date of hire at LVMH: 2018
  • - New roles: He will chair the executive committee and lead the group's geographic divisions and digital and data transformation, working in close collaboration with Bernard Arnault. 3.
• **Wei Sun Christianson**
  • - Proposed Position: Administrator on the board of directors
  • - Skills: Financial literacy, knowledge of the luxury market and China
  • - Proposed co-option date: April 18 board of directors meeting
• **Bernard Arnault**
  • - Roles: chairman and chief executive officer of the LVMH Group
  • - Comment on Belloni: Describes him as critical to LVMH's success, citing his vision, loyalty, and participation in the group's acquisitions.

1. **Investimento Chanel nel Calzaturificio Gensi Group**: - Inaugurazione di un nuovo reparto di giunteria di 3.000 metri quadrati nel sito produttivo di Mosciano Sant'Angelo (Teramo). - Attivazione di 4 nuove linee di produzione da 70 metri ciascuna. - Attualmente, 6 linee di produzione sono in funzione, con un piano di raddoppio nei prossimi 3 anni attraverso l'inserimento di nuove risorse professionali. 2. **Iniziative Aziendali per la Sostenibilità**: - Formazione di 3 gruppi di lavoro dedicati alla sostenibilità ambientale dell'azienda un anno fa. - Riduzione dei consumi energetici e degli scarti di lavorazione. - Avanzamenti nel riciclo e riuso. - Avvio dell'istituto interno di formazione "M'Astri Nascenti" in collaborazione con Arsutoria School, con 60 persone formate fino ad oggi. 3. **Forza Lavoro e Piani di Assunzione**: - Attualmente, l'azienda ha oltre 660 collaboratori, dei quali oltre 120 sono orlatrici. - Sono previste nuove assunzioni per aumentare ulteriormente la forza lavoro. 4. **Produzione Chanel e Supply Chain Italiana**: - Le calzature Chanel sono progettate in Francia ma prodotte in Italia. - Aziende italiane controllate da Chanel implicate nella produzione: Roveda di Parabiago (acquisita nel 1999), Gensi di Giulianova (acquisita nel 2015), e Ballin Shoes (acquisita nel 2020).

• - Hermès sales in 2023 will be 13.4 billion euros, up 16% on the previous year and 21% at constant exchange rates.
• - Net income is up 28% to 4.3 billion euros.
• - Hermès has a market value of 231 billion euros.
• - Hermès has increased its prices by 8 to 9% in 2023.
• - 22,000 Hermès employees worldwide.
• - More than 60% of new jobs created in France, where Hermès manufactures three quarters of its products.