Luxury
Luxury
Luxury is evolving and so are we

The luxury sector is changing quickly. While luxury products continue to drive value, executive focus has widened to services, experiences, and the entire consumer journey. Beauty brands must consider the bricks-and-mortar experience they offer, hospitality groups look to partner with iconic luxury players to further enhance the luxury experience for their guests, and many brands are moving into uncharted global markets. The sector’s evolution requires a rethinking of leadership talent. Forward-looking businesses in this space seek leaders who have both strong strategic instincts for luxury and highly relevant experience to expand and future-proof the brand. This will require an innovative approach, including searching in adjacent industries to find the right talent at the right time and considering rising stars from across sectors—all while recognizing that competition for these leaders, from within and outside luxury, has never been greater.

Heidrick & Struggles has over 70 years of experience working closely with luxury clients to translate strategic needs into the right candidates for top leadership, whether CEO, chief commercial officer, chief revenue officer, or others. Our work spans all luxury subsectors worldwide, from fashion to beauty, hospitality to automobiles, enabling us to represent the modern voice of luxury for our clients. Like our most forward-looking clients, we have never been afraid to push the boundaries when it comes to finding and developing executive talent for today and tomorrow. We bring a holistic, cross-sector approach, integrating experience and insights from our luxury, hospitality, consumer, consulting, and other practices to bring value to client succession planning, assessment, development, culture-shaping, and more. In short, we know the luxury sector is evolving, and we can help you evolve with it for current and future success.

Our commitment to diversity, equity, and inclusion
The results of our commitment to presenting a diverse slate of candidates for all CEO and board searches in 2023 include
 
41%
diverse placements in the U.S.
 
30%
gender diverse placements globally
 
61%
diverse placement of non-executive director searches
“In today’s complex market, it is important to look at the [luxury] industry holistically, focusing not only on the obvious players in fashion, luxury goods, and beauty but also on hospitality, cars, and companies providing luxury experiences. This provides a speedier, more robust, and cohesive approach to the market.

This expanded luxury landscape offers great opportunities. It encourages more cross-sector moves and a continuing reflection on the definition of the luxury sector overall.”
~ Caroline Pill, Heidrick & Struggles’ Luxury Sector Global Lead
How can we help?
Contact us to discuss your organization's talent needs.