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PRESENTED BY ESSEC BUSINESS SCHOOL

Five reasons to study luxury brand management in Paris

For many, Paris and luxury are interchangeable – or at the very least closely related. As the home of myriad designer brands and upmarket department stores, the French capital is the obvious choice if you’re looking to start or progress a career in the luxury industry.

Five reasons to study luxury brand management in Paris
Photos: ESSEC Business School

If you dream of working for luxury brands like Saint Laurent and Dior, a competitive degree from Paris-based ESSEC Business School could very well unlock the door. The Local sat down with a current student and a recent graduate of ESSEC’s Global MBA in Luxury Brand Management and asked: Why Paris?

Location, location, location

It might seem obvious, but being nearby to the brands you want to work for is a huge advantage. While there is something to be said about trying one’s luck in up-and-coming places, if you’re looking to get ahead in the luxury industry, especially in brand management, there is probably nowhere better to start than Paris, the capital of luxury.

As Xi Yu, who completed her Global MBA in Luxury Brand Management at ESSEC Business School in 2018, points out, the abundance and diversity of opportunities in Paris is invaluable.

“Because there are so many opportunities in Paris, and so many paths you can take even in niche fields, you can fine-tune and calibrate your professional trajectory,” Xi Yu says.

Find out more about ESSEC’s Global MBA in Luxury Brand Management

Work with top designer brands

Photo: ESSEC Business School

As rewarding as studying might be, most professional development is driven by some kind of holy grail. For budding luxury brand managers, the goal is often to work with iconic Paris-based brands such as Dior, Montblanc, Céline, Saint Laurent, and Gucci.

For Xi Yu, her studies in Paris helped her transition from a managerial position in the car industry into the luxury travel retail industry at her dream employer – DFS at LVMH Group in Paris. After completing her final three-month consulting project with DFS, Xi Yu was offered a full-time position, and currently, she holds a managerial position in the opening team of DFS’s new department store in Paris.

 “I’m completing my rotation & training of DFS’s Accelerated Leadership Program in Hong Kong. In two weeks’ time, I’m going back to Paris to head up store operations of the upcoming store,” says Xi Yu.

Meet the right people 

As most professionals know well, to get the first foot in, regardless of how qualified you might be, can often be the hardest part of landing the job of your dreams. Merely being close to the right opportunities is not always enough: connections matter a great deal, particularly in certain industries – the luxury industry being one. With over 25 years teaching luxury brand management, Paris-based institutions such as ESSEC Business School have a close relationship with the luxury industry and link up students with their network of industry connections.

Photo: ESSEC Business School

Alex Qian, a current student at the Executive Master in Luxury Management (EMiLUX) at ESSEC Executive Education, has attended seminars given by guest speakers who work at heritage brands such as Gucci, Prada, and Dior. She appreciates the opportunity to connect with industry professionals and to learn from them about what it takes to stand out to headhunters and recruiters in the competitive luxury industry.

“Being in Paris means that ESSEC can work closely with the industry and the other way around, too,” says Alex Qian, who also works full-time at French cosmetics brand Make Up For Ever and aspires to land a position in brand strategy at Tom Ford after the completion of ESSEC’s two-year program.

Find out more about ESSEC’s Executive Master in Luxury Management

Learn French – the lingo of luxury

Acquainting yourself with your industry is a must for anyone who hopes to rise the ranks. For luxury, being so enmeshed with France and French culture as it is, mastering the language of the land is a good investment. French is the workplace language at many luxury brands – even iconic German creative director Karl Lagerfeld was a lifelong learner of the language.

ESSEC alumni, many of whom pursued intensive on-campus French courses during the duration of their studies in Paris, attest that learning French was a key factor for professional success in Paris. For Xi Yu, her strong grasp of French was applauded during her first job interview in the city.

“Once I was admitted to ESSEC, I started taking full-time intensive French lessons in China – which helped me prepare for seizing job opportunities in Paris’s luxury industry,” says Xi Yu.

Photo: ESSEC Business School

Rub shoulders with Paris’s crème de la crème

Paris’s world-renowned luxury industry is a magnet for international talent. Whether you’re just starting out or are an established professional, there are plenty of opportunities to connect and share knowledge and experience with fellow industry bods. Business schools such as ESSEC enable students to build their networks as they study. The connections they make are invaluable for support whilst at the business school – and may come in handy later down the line.

“Most of my peers are already established in their respective fields, and some already have their own luxury business. My encounters at ESSEC have been eye-opening and career-defining,” concludes Alex Qian.

This article was produced by The Local Creative Studio and sponsored by ESSEC Business School.

CLIMATE

Norway first developed nation to ratify Paris Agreement

Norway on Monday became the first industrialized nation in the world, and the 18th overall, to formally ratify the Paris Agreement.

Norway first developed nation to ratify Paris Agreement
Amb. Geir O Pedersen (right), seen here in 2014 with PM Erna Solberg and FM Børge Brende, delivered the final approval on Monday. Photo: Pontus Höök / NTB scanpix
The Paris Agreement was negotiated in the French capital last December, and has been signed by 177 countries. Climate and Environment Minister Vidar Helgesen signed the agreement on April 22nd on behalf of Norway in the UN headquarters. 
 
Parliament last week voted in favour of ratifying the agreement as it approved a plan to become carbon-neutral by 2030, a full two decades ahead of schedule. 
 
On Monday in New York, Norway's UN ambassador Geir O. Pedersen delivered the ratified agreement to the UN headquarters, Helgesen wrote on Twitter.
 
“Yesterday evening Norwegian time Geir O. Pedersen deposited Norway’s ratification of the Paris Agreement with the United Nations. As the 18th country and the first industrialized country,” he wrote.  
 
Cooperation with EU
French President François Hollande signed ratification documents last Wednesday, but the country's formal ratification will not be in place until all EU countries have completed their internal processes.
 
Thus Norway was able to leapfrog France as the first industrial nation to deliver a final and formal approval to the agreement.
 
“We are aiming for a joint implementation with the EU to achieve the climate targets for 2030. It gives us solid, binding and predictable European regulations to work from when we will carry out our goal of 40 percent reduction in greenhouse gas emissions,” Helgesen said.
 
The Paris Agreement will enter into force when at least 55 countries – which together account for at least 55 percent of global greenhouse gas emissions – have joined the treaty.
 
“Norway is a driving force in getting as many countries to ratify the Paris Agreement as quickly as possible, so that it can formally come into force,” Helgesen said. 
 
So far, Norway, Somalia, Palestine and 15 smaller island states have ratified Paris Agreement, but the hope is that major emissions nations like the US, China and Brazil will join it this year.
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