Here's how LVMH Group achieves creative circularity goals under LIFE 360 plan
The group has offered circular services with a specialised team of repairers.
The LVMH Group has met its target of offering new circular services in 2023 through its repair-and-care task force in several of the Group's Maisons, in line with the Creative Circularity pillar of its sustainable LIFE 360 plan.
On its LIFE 360 Summit, LVMH said one of the services is under Louis Vuitton which received repairs of over 600,000 products per year, and 79% of Berluti’s leather products become repairable.
German luggage brand RIMOWA has offered a lifetime guarantee for luggage and bags. Le Bon Marché has extended to a lifetime usage of its products through an alterations service, alongside watch and shoe repair services.
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"With the creation of LVMH Circularity, an ecosystem that brings together the reuse and recycling expertise of the Group and its partners (Nona Source, the CEDRE platform, weturn, and Agence Don en Nature), LVMH is demonstrating its commitment to giving a second life to fabric and leather offcuts, unused raw materials and unsold products," LVMH said in a statement.
Back in 2021, the LIFE 360 plan was launched as a commitment for LVMH to the preservation of the environment, gauged by a long-term vision and systematic approach across all its businesses. The plan is concentrated on four pillars: Creative circularity, Biodiversity, Climate, and Traceability & Transparency.