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The truth about salaries in the luxury industry

By Astrid Wendlandt
6 February 2022
The truth about salaries in the luxury industry
Luxury giants including LVMH and Richemont last month published spectacular results for 2021, showing a strong rebound after the pandemic bruised the industry in 2020. For the sector’s hundreds of thousands of employees, it means job security for the foreseeable future but it doesn’t mean they will get pay rise. Since Miss Tweed published a story last week about the industry’s manpower problem, the Paris-based media has been inundated with messages, all saying the same thing: France and Italy’s initiatives to make luxury jobs more attractive to young people are great but the main problem is low salaries. Prices for luxury goods, such as Louis Vuitton, Chanel and Dior’s best-selling handbags, have soared and brands’ margins have increased significantly but salaries remain depressingly low, workers say.

Miss Tweed's Boutique

A Year In the News 2023-2024

A Year in the News 2023-2024 is a compilation of Miss Tweed's stories published during its fourth year. Like the third yearbook, it is a limited edition. Hence, it is a collector's item. It's designed to celebrate the work of illustrator Claire Laude. Each illustration runs next to the first two paragraphs of the story. It does not contain the entire story.

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A Year In the News 2022-2023

A Year in the News 2022-2023 is a compilation of Miss Tweed's stories published during its third year. Like the second yearbook, it is a limited edition. Hence, it is a collector's item. It's designed to celebrate the work of illustrator Claire Laude. Each illustration runs next to the first two paragraphs of the story. It does not contain the entire story.

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A Year In the News 2021-2022

A Year in the News 2021-2022 is a compilation of Miss Tweed's stories published online during its second year. Like the first yearbook, it is a limited edition. Hence, it is a collector's item. It is designed to celebrate the work of illustrator Claire Laude. Each illustration runs next to the first two paragraph of the story. It does not contain the entire story.

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A Year In the News 2020-2021

This book is a compilation of Miss Tweed’s stories during its first year. The digital revolution, the closely guarded secrets of LVMH, Richemont and Kering and the future of watchmaking are among the many topics Miss Tweed covered between the summer of 2020 and the summer of 2021. It does not contain the entire story.

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How Luxury Conquered the World

Author and journalist Astrid Wendlandt conducted a four-year investigation into the secretive world of fashion and luxury involving hundreds of interviews with top executives and designers.

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Le Luxe à la conquête du monde

Comment l’industrie du luxe et de la mode, quasi-inexistante il y a quarante ans, est devenue une puissance mondiale ? Dans cette anthropologie du glamour, la journaliste Astrid Wendlandt épingle ses super-héros et analyse ses contradictions.

22 €