Last night, the participants from the Luxury Brand Management major of the Global MBA program attended a presentation at the L’Oréal Luxe offices. Once we had settled into our seats in their lovely auditorium space, Mr. Rémi Lugagne, L’Oréal Luxe’s Global Senior Vice President of Human Resources, warmly welcomed us to their offices. Before he began his presentation, Mr. Lugagne asked us to chime in with comments, questions, or disagreements (though none of us had any), creating a very interactive and comfortable environment for all of the participants.
The presentation was organized in five sections: a focus on the entire L’Oréal group, the Luxury market, L’Oréal Luxe specifically, “New Luxury” & upcoming trends, and a section on Talent Acquisition to close. A significant portion of the presentation offered us a concrete understanding of just how much gravity L’Oréal and their Luxe division holds within the worldwide Cosmetics & Fragrances industry.
Mr. Lugagne’s background in various roles and markets during his time with L’Oréal clearly gave him a vast knowledge in regards to the company and the industry, both domestically and globally. There was one element of his presentation that particularly stood out to me - when Mr. Lugagne showed us the career trajectories of a set of current L’Oréal executives, I noticed that most of them had been with the company for 10 years, 20 years, and more in some cases. I’d say this is all we needed to see that L’Oréal is a true community, a family.
After the presentation, Mr. Lugagne invited us to join him and other members of L’Oréal Luxe Human Resources for a glass of champagne and some canapés, when we were able to have free-flowing conversations with his team.
This incredible opportunity was made possible through the very close relationship between ESSEC Business School and L’Oréal which dates back 23 years as they were, a founding partner of the Global MBA Luxury Brand Management major. We look forward to growing our connection to such a world-renowned leader in the Luxury industry. Merci beaucoup to L’Oréal, Mr. Lugagne, and the rest of the Human Resources team!