What is LVMH?
LVMH Mo ë t Hennessy Louis Vuitton, also known as the LVMH Group, is the world’s largest multinational luxury conglomerate,was formed in 1987. Headquartered in Paris, France.It has approximately 56000 employees and over 50 brands, making it the world’s leading boutique conglomerate.
LVMH Group’s five major areas cover over 50 brands, many of which we often hear about, such as LV, Dior, Sephora, etc. LVMH’s various brands use LVMH’s factory inspection standards. As a foreign trade export enterprise, if we have the opportunity to cooperate with any brand under LV factory inspection, we will require brand inspection. Among them, the specific brands mentioned, such as LV factory inspection, Dior factory inspection, Sephora factory inspection, actually use LV factory inspection standards. The former is a brand under LVMH, while the latter is the group name. So, whether it’s Dior factory inspection, Sephora factory inspection, or LVMH factory inspection, they are actually talking about the same thing.
What is LVMH Audit?
The LVMH Group (“LVMH Group”) is composed of outstanding brands engaged in designing, creating, manufacturing, and/or selling high-quality products or services. LVMH Group places special emphasis on ensuring that its suppliers (including but not limited to service providers, distributors, manufacturers, owners, and any third parties related to any entity within the LVMH Group) and their subcontractors (collectively referred to as “suppliers”) share common rules, practices, and principles with LVMH Group in terms of labor standards and social responsibility, environmental protection, and ethical and business integrity. Therefore, LVMH Group establishes and promotes exemplary relationships with all suppliers based on responsibility, fairness, and integrity.
LVMH audits and evaluates its suppliers to ensure that its suppliers comply with ethical and sustainable development standards. This assessment includes inspections of labor rights, working conditions, environmental protection, quality management and business ethics at suppliers’ factories. Through its factory inspections, LVMH aims to build transparent and trustful relationships with its suppliers and to ensure the sustainability and accountability of its supply chain.
How to get LVMH Audit?
LVMH’s Social Audit covers the following areas:
*Health and Safety
*Child labor
*Forced labor
*Working hours
*Salary and benefits
*Labor rights
*Management System
*Anti corruption
*Transparency
Process:
1.The factory applies to the customer (importer)
2.The customer confirms the third-party verification agency, usually Wethica or QIMA
As louis vuitton supplier, We are proud to showcase Top Jewelry’s LVMH audit report, which was obtained in 2016 and continues today.
3.Determine the audit date (usually no specific date is notified, only the window period is given)
4.The factory prepares the corresponding documents according to the approval agency and makes on-site improvements to the factory workshop to meet LVMH’s requirements
5.After the audit is completed, the auditor will complete the report on the Allegro platform and submit it to LVMH stakeholders for review.
LVMH audit results and follow-up cycle
*Satisfactory (S): Satisfied, valid for 2 years
*Need Improvement (NI): Needs improvement, valid for 1 year
*Need Major Improvement (NMI): Significant improvement is required, with a validity period of 9 months
*Unacceptable (U): Not accepted, valid for 6 months
At Top Jewelry Ltd, as louis vuitton supplier, we are proud to hold the LVMH Factory Audit and undergo annual updates. If you need more information or would like to see our latest audit report, feel free to contact us at sales@top-jewelry.cn or sales@top-jewelry.net.