As the N°1 French business school, HEC Paris has built close ties with the world-renowned Paris luxury business. Now competing in a global market, luxury brands are facing specific issues which require not only solid groundings in the field but also creativity and dedication to excellence. This is what the Luxury Certificate brings to HEC students.
HEC Paris and Kering joined efforts to provide students with state-of-the-art brand and luxury management skills. Associated with a particular culture and sense of excellence, luxury needs to be tackled with tailored mindset and knowledge. The HEC Paris’ Luxury Certificate has been designed with a thoughtful combination of HEC Paris’ management expertise and Kering’s global insight on the luxury business. Students have therefore access to a comprehensive vision of the luxury specificities, areas, products, and an understanding of the vital role of creativity and innovation in this business. Kering’s involvement in the program allows students to experience real- luxury-business life through seminars, workshops and even a consulting project on a Kering brand case.
Empower participants to strategically and creatively enhance the value of luxury brands by:
- Understanding the fundamental notions of luxury
- Acquiring the key skills and practices around luxury management
- Developing creative solutions aimed at achieving brand excellence
Study concrete cases and have privileged exchange with people leading Kering brands.
The program consists of different blocks in order to provide students with a comprehensive view of luxury business and of the Kering way of luxury management.
Core courses are taught by renowned faculty members to instruct students about the foundations of luxury management:
- The essence of luxury – Jean-Noel Kapferer, Professor of Marketing, HEC Paris
- Building a global luxury brand – Patrick Albaladejo, Affiliate Professor, HEC Paris
- Creativity and Talent in Luxury – Frederic Godart, Associate Professor of Management & Human Resource, HEC Paris
- Leading luxury’s digital transformation – Perrine Corvaisier, digital transformation & operations Consultant
Industry Focus are taught by professionals or faculty with particular expertise in a luxury domain.
The underlying idea of these elective courses is that brand leadership takes different forms and requires different approaches in specific fields:
- Fashion Culture
- Luxury Hospitality
- Timepieces and Jewelry
Top management from Kering corporate together with top management from the Kering brands will share with the Certificate participants their vision and experience in luxury management across a wide range of business functions. This seminar series allows participants to gain a holistic understanding of all that it takes to lead a luxury brand to excellence.
Topics may include:
- Financial management in the luxury business
- Luxury Merchandising
- Sustainability in luxury management
- Empowering talent & embracing diversity
- Intellectual property and counterfeiting
- Luxury and digital storytelling
Expeditions allow participants to gain field experience with the luxury brand and what goes on there behind-the-scenes.In these expeditions, meetings and exchanges between the participants and the people leading the brand are key as we firmly believe that human relationships play a big role in empowering imagination.
Expeditions may include:
- Visit to an atelier
- Visit to a flagship store
Kering Consulting Project
A core element of the Certificate is the Kering Consulting Project that offers participants the opportunity to work in groups on a Kering luxury case and to recommend innovative and efficient solutions to real-life management issues backed up with sufficient data, analysis, and insight.
The objective is to apply the knowledge the students have learned in the certificate as well as to further promote their strategic and creative thinking around luxury management.
The 2016 Consulting Project focused on Kering’s eyewear distribution strategy in the context of the “Re-launch project”, with particular attention to the new Gucci Eyewear Collection.
The 2017 Consulting Project Brief:
As a Saint Laurent project team, prioritize potential concrete opportunities, relevant for Saint Laurent customers and consistent with the brand DNA. Identify the number 1 project you would focus on. Why? What? How? What would be the impact for Saint Laurent?
The 2018 Consulting Project Brief:
Two topics have been proposed to the students teams of the Luxury Certificate: (1) Access is the new Ownership > what could a rental business model look like for Saint Laurent, (2) Green is the New Black >what new ideas (beyond material usage) could Saint Laurent embrace to contribute to a more sustainable business model. Students are asked to develop a concrete business proposal around one of these two topics that is consistent with the brand DNA.
- Jean-Noël Kapferer, Emeritus Professor, HEC Paris,
- Patrick Albaladejo, Affiliate Professor, HEC Paris
- Frederic Godart, Associate Professor of Management & Human Resource, HEC Paris
- Perrine Corvaisier, digital transformation & Operations Consultant
- Gachoucha Kretz,Professor of Marketing, HEC Paris