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Chanel, LVMH Join Forces on CSR

Agreement focused on reporting and audit schedules at the supplier level.

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By: TOM BRANNA

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Two of the world's biggest luxury goods houses struck a big deal on corporate social responsibilty (CSR). LVMH and Chanel will harmonize CSR reporting and audit schedules at the supplier level. Furthermore, LVMH will support its suppliers through a new partnership program titled Life 360 Business Partners and will launch LVMH Circularity, which will reuse unsold products from across group houses in new projects, among other new initiatives. To assuage concerns about competition, the agre...

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