PARIS — LVMH Moët Hennessy Louis Vuitton does not plan on getting involved in the secondhand market, according to Antoine Arnault, head of image and environment for the French luxury group, who spoke to WWD international editor Miles Socha at Fairchild Media Group’s Sustainability Summit on a range of topics, including live fashion shows, sustainability rankings and cooperating with competitors.
LVMH is expanding repair services as a way to improve the lifespan of products, noted Arnault, who is also chief executive officer of Berluti, a brand that reshines shoes with a fresh patina after use. “We recognize that there was some sort of frenzy in the past few years and maybe we ourselves in a way have been swept into a whirlwind to always want to offer something extravagant and novel,” said Arnault.
When it comes to policies on fur and exotic leathers, the group leaves it up to individual brands to make their own decisions, he said.