Global Marketing - Louis Vuitton in India With a GDP growth rate of more than nine percent‚ India is one of the fastest growing economies in the world. The population size exceeds one billion‚ including around 83‚000 dollar millionaires (2005)‚ recording the world’s second fastest growth in the number of high-net-worth consumers. Luxury brands like Louis Vuitton can take advantage of a steadily increasing upper class and a more and more affluent middle class. Moreover‚ 51 percent of the population
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report is for Louis Vuitton. The purpose of doing this is to evaluate the brand equity of Louis Vuitton‚ both from the customers’ and firm’s perspective. As the brand equity is based on brand knowledge‚ (Keller‚ 2003) the brand audit is carried out through a survey designed to measure two components of brand knowledge; namely brand awareness and brand image. In conclusion‚ it was found that the consumer can recall Louis Vuitton and they do recognize the brand. They also see Louis Vuitton as a brand
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4.0 Bargaining Power of Suppliers 4.1 Degree of Supplier Concentration The Australia LCD screen TV business is currently dominated by a lot of electronic manufacturers. They are Acer‚ LG‚ Sony‚ Samsung and many others different company (PC Authority 2007). Products from these manufacturers can be found selling in companies like‚ Dick Smith Electronic‚ Myer‚ David Jones‚ Harvey Norman and others electronic retailers. The bargaining power of a supplier is the ability to influence the setting of
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Bargaining Power of Supplier Suppliers barely make any difference to companies involved in shipping line business‚ especially who are leading players like “Maersk” in this business. While it may affect to certain extent to small players like Five star shipping company‚ Varun Shipping company etc. who are struggling to establish within the industry. Many suppliers are such which are borne directly by customers but arranged by shipping lines like pesticide‚ wooden pallets‚ container repairs and truck
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ABLE OF CONTENTS 1.0 EXECUTIVE SUMMARY3 2.0 INTRODUCTION3 2.1 Background to Organization3 3.0 ANALYSIS3 3.1 Porters 5 Forces (Model of Competition)3 3.2 PESTEL (External Analysis)5 3.3 SWOT6 4.0 KEY FINDINGS OF ANALYSIS/PROBLEM IDENTIFICATION/ KEY STRATEGIC CONCERNS6 4.1 Vertical Integration6 4.2 Diversification7 5.0 POSSIBLE SOLUTIONS & STRATEGIES.8 7.0 CONCLUSION9 8.0 APPENDICES11 Appendix 1: Porters 5 Forces11 Appendix 3: Luxury Goods Group & Brands Top Ten Competitors13 Appendix 4: Industry
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Case: LVMH‚ 2003 Issue Louis Vuitton Moet Hennessy must decide whether to maintain its numerous product lines or eliminate certain lines to focus on its most profitable segments. Analysis LVMH relies on its well established brand name and reputation for creativity and quality to market its diverse product lines. The firm is in a unique position as it is one of the only players in the luxury goods industry that can maintain a diverse portfolio of luxury brands. Of the top 5 major fashion
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sales boost in the emerging marketing like China‚ which has extraordinary growth and strong potential consumers for the development of luxury goods in the China market. With gradually lower and lower increase of revenue in the European countries‚ Louis Vuitton (abridged as LV in the following sections) commits itself to set up more stores in China. However‚ LV is faced with the problems of declining profits in China‚ which urges it to adjust its entry strategy into the China market. In this case‚ this
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Communication in Business 100 Critical Essay Company: LOUIS VUITTON Essay Title: Corporate Social Responsibility: An investigation into Louis Vuitton Name: YAN JINSHAN Student Number: 17460510 Email: yanjinshan.eric@gmail.com Semester: One‚ 2014 Curtin University: Singapore Campus Tutor: Sally-Edith Yong Corporate Social Responsibility: An investigation into Louis Vuitton With the rapid development of social economy‚ the public tends to focus on the social responsibility
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Q. What distinctive resources and capabilities has LVMH developed or acquired that distinguish it from its competitors? What is its competitive advantage? What is the key to the corporation’s success? LVMH is a world leader in luxury with a portfolio of over 50 prestigious brands. Brands under the conglomerate (LVMH being the holding company) are synonymous with prestige and elegance and operate in the areas of: * Wines and spirits * Perfumes and cosmetics * Fashion and leather goods
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Case 11-2 LVMH and Luxury Goods Marketing LVMH Moet Hennessy- Louis Vuitton Societe Anonyme is the world’s largest marketer of luxury products and brands. The French company‚ headquartered in Paris‚ has been built into a worldwide‚ billion dollar company with the help of Bernard Arnault‚ “the pope of fashion.” Arnault said of LVMH‚ “We are here to sell dreams. When you see a couture show on TV around the world‚ you dream. When you enter a Dior boutique and buy your lipstick‚ you buy something
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