Finding talent remains a top priority for luxury companies, especially given the severe talent shortage in China.
Luxury conglomerate Kering, a big advocate of talent development, has decided to launch its own executive training program in China to ensure it has a deep pool of high-quality talent.
“The Chinese market has huge potential and is highly competitive,” Kering chairman and chief executive officer François-Henri Pinault said. “Talent shortages and high employee turnover rates are key challenges facing the market. Through the Leading Talent Through Global Perspectives program, we aim to address these challenges by improving the managerial skills, creativity and global vision of our employees, and ultimately deepen our pool of high-quality talent.”
In collaboration with Tsinghua University in Beijing and HEC Business School in Paris, Kering has designed an 18-month program that will provide tailor-made executive education to high-potential managers at Kering and its brands operating in Greater China, including Gucci, Bottega Veneta, Balenciaga, Saint Laurent, Boucheron, Pomellato, and Stella McCartney.
This is Kering’s first training program targeting mid-level managers in China. The goal is to improve managerial skills “to address challenges arising from the changing dynamics of Asian markets,” according to the company.
The program is expected to roll out to other markets, including the US, in the future