LVMH has launched an employee stock ownership plan, involving the issuance of up to 200,000 new shares. The subscription price for the shares was set on October 18, with the subscription period running from October 24 to November 13, and the securities settlement planned for December 18. LVMH stated that this is an international employee shareholding program aimed at covering 70% of its global workforce, to be implemented in 11 markets across Europe, North America, and Asia, which means that employees in China will also benefit from this share ownership initiative.