Coming together is a beginning; keeping together is progress; working together is success. In a business module, working with different establishments on a joint venture has paved way for corporate advancement. Notable luxury brands and business schools have joined hands to elevate the training and knowledge of their employees to tackle the needs of the respective sections of the luxury industry. This remarkable step of fostering a practical approach towards luxury salesmanship is one of a kind, aimed to strengthen the very idea of understanding consumer behaviour and their needs.
A vocational joint venture for luxury expertise such as the collaboration of Elle, the leading fashion media brand with MIT Sloan School of Management (UK) for the course of Fashion & Luxury Management illustrates this emerging phenomenon. The program is designed to provide participants with exclusive insight and a global perspective of the fashion and luxury industry. During the course of the program, participants will have the opportunity to network with key leaders of the industry and apply the frameworks they are learning to real business challenges they face in their work.
In the recent news, the luxury industry has witnessed the collaboration of renowned brand Gucci with the prestigious Polimoda Fashion School (Italy) for the course of Retail ManagementThe nine-month course, which launches in April 2018, will cover retail management,finance, merchandising and marketing and be taught, in part, by Gucci managers, who will guest lecture. The Italian fashion house, which is owned by the French conglomerate Kering, will also offer select graduates internships or job opportunities within the Kering network.
When we talk about the Indian luxury sector, it has been constantly evolving over the years with globalization. With growing incomes and the shift towards a cosmopolitan lifestyle, luxury brands are belting big to woo the Indian audiences. Luxury Connect Business School has joined hands with India’s largest and the most premium duty-free retail store, Delhi Duty Free Services (DDFS) to educate and train their employees under a customized six months ‘Certificate Program in Luxury Retail Management’ (CPLRM). As tourism in India is increasing domestically and internationally, this is an ideal program that involves structured learning designed to operate and manage the Indian travel-retail sector. DDFS houses a plethora of luxury brands in its retail outlets, ranging from alcohol, fragrances, watches, jewellery, apparels and accessories. With the company seeing it’s highest sales in the year 2017, DDFS intends to enhance its customer experience with skilled professionals who understand the beauty, the superficiality and the appeasing factor of luxury goods & services as the current manpower is under qualified. With that intention, they fabricated this vocational course with India’s first and only Luxury B-school, that is LCBS, envisioned and founded by India’s very own luxury icon Mr. Abhay Gupta.
We believe that by working together, we will continue to lay the foundation for a new generation of inclusive economic growth, expand opportunities for the working class and ensure that luxury oriented businesses have the support they need to thrive and grow in the years to come.
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