Luxury brands during times of recession A question of survival Universally‚ luxury items are considered to be items of great prestigious value‚ and their possession has satisfied people worldwide. In the last three decades particularly‚ consumers have enjoyed a higher level of disposable income than ever before‚ and as a result luxury brands have prospered greatly. However‚ in times of economic crisis luxury brands face the challenge of having their brands perceived value becoming dangerously
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Tata’s acquisition of Ford’s luxury brands Ford Motor Company announced it will sell its Jaguar and Land Rover divisions to India’s Tata Group. The Tata Group already owns former British stalwarts Tetley Tea and steel company Corus Group PLC. Now‚ it’s looking at a couple more renowned brands -- Jaguar and Land Rover -- a quantum leap in class for a group whose main vehicle business has been making inexpensive cars and trucks for Indians. The luxury brands would give Tata access to the know-how
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Luxury Brands: Creating luxury brands is difficult; expanding one is even more so. But what all luxury brands in terms of consumer acquisition find as their foundations is their ability to tap and perfect marketing communication‚ product quality and a specific target niche portfolio in which it can thrive for a more competitive advantage. Emerging Markets hold huge potential for growth for Luxury Goods. The surge of numerous flagships stores and sold goods within Asia is a prime indication that
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MANAGING FASHION & LUXURY COMPANIES Week 1 W1 - Content Fashion & Luxury 1. What is Fashion? 2. New Trends 3. Dream Factor and Media System 4. What is Luxury? 5. Luxury as a Product 6. Luxury as Know How‚ Industry and Business 7. Luxury as a Culture 8. Luxury as a Customer 9. What Luxury is not 10. Fashion and Luxury for Millennials 2 W1 - Content Fashion 1. What is Fashion? 2. New Trends
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Summary case study “Elie Saab : Growth of a Global Luxury Brand” I. Background Saab‚ born in Beirut‚ was nine years old when he developed an interest in dressmaking. By the time he was 18‚ Saab opened his first atelier with 10 employees. His product line at that time included luxurious evening gowns and wedding dresses. He received extensive media coverage when he featured his first collection at the Casino Du Liban in Beirut. In 1982‚ Saab opened his first workshop in Beirut and began designing
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Case Study: Preserve the Luxury or Extend the Brand? The case study Preserve the Luxury or Extend the Brand presents a fictional dilemma‚ based on a real company‚ faced by Chateau de Vallois‚ a prestigious and famous wine-producing estate in the Bordeaux region of France. De Vallois is a family owned and run business; part owners are Gaspard de Sauveterre - a 75-year old majority owner‚ and equal partial owners: Francois de Sauveterre – Gaspard’s son and the chateau’s CEO ‚ and Claire de Valhubert
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have been affected badly. Consumption levels have gone down drastically‚ which affected consumer dependant countries‚ such as the UK. Traditionally‚ luxury brands have not been affected by recession so much‚ since they have been catering to the higher end class‚ which is not so affected by the economic downturn. However‚ in recent past‚ the luxury has been catering to the inspirational customers‚ whose consumption patterns are affected due to economic recession. During times like these‚ companies
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member are the employees) * YES NO Questions concerning shopping 3) ------------------------------------------------- Which 3 brands you think of first‚ when you hear „luxury fashion “? 1 2 ------------------------------------------------- 3 4) Tick the shops‚ where you buy luxury fashionable and leather goods Gucci | | Jimmy Choo | | Coach | | Yves Saint Laurent | |
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wealthy aristocratic families dwelled around Florence). Counting on the interest of the nobility in horse-ridding‚ Gucci started making his products with themes of horse ammunition‚ and the snaffle became the most recognized symbol of the incipient brand. Benito Mussolini‚ who came to power‚ assured: the new "government will provide complete freedom of private enterprise and abandon intervention in the private sector" [1] and it became a pushing point for private business. 1933 Aldo Gucci‚ now
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III. Study Background 1. Brief History NutriAsia traces its beginnings to Enriton Natural Foods‚ the brainchild of Filipino entrepreneurs Joselito Campos Jr.‚ Ang Tin Yu and Kedin Go. The business thrived on one regional brand - Nelicom and one factory‚ producing banana ketchup‚ hot sauce and fish sauce. It was a modest business that had limited presence in North Luzon‚ though it quickly acquired the rights to three popular brands of catsup and lechon sauce—Jufran‚ Mafran and Andok’s.
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