1. Vision statement Become one of the leading luxury groups providing excitement and glamour to a global heterogeneous customer base. Young‚ creative and hedgy designers allows Gucci to deliver such vision. 2. Situation Analysis The luxury sector‚ where the Gucci group is operating‚ is a market where brand‚ product and the intangible benefit associated to the brand are key success factors (KSF). The economic slowdown represents a potential threat to the group‚ which has poorly performed
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1. What are the characteristics and attractiveness of industry? The characteristic of luxury goods industry Gucci‚ Hermes and Louis Vuitton‚ all of these brands had been found more than 150 years ago. With the high amount of profit‚ as well as the sales growing 6% every year could make luxury goods industry one of the highest profitable market in the world. The industry has seven main product categories which are; leather goods‚ footwear‚ high-end apparel‚ silks‚ watches‚ jewelry and perfume. The
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Gucci‘s overall strategy was to vertically integrate to strengthen its overall brand image. After vertically integrating they acquired other luxury retailers to continue to grow horizontally and to increase economies of scope. The economics of the luxury goods industry changed forcing Gucci to modify its strategy. Consumers demand shifted from classic style buyers to style conscious buyers. Gucci not only had to change due to the economics of the industry but they also had several problems with
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SUMMARY: Gucci was founded in 1921 by Guccio Gucci. In 1938‚ Gucci expanded and a boutique was opened in Rome. Guccio was responsible for designing many of the company’s products. In 1947‚ Gucci introduced the Bamboo handle handbag‚ which is still a company mainstay. During the 1950s‚ Gucci also developed the trademark striped webbing‚ which was derived from the saddle girth‚ and the suede moccasin with a metal horsebit. The Gucci group really said it all‚ Tom Ford‚ creative director and Domenico
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2008 MGMT 401 Gucci Business-Level and Corporate Strategy During the late 1990’s‚ Gucci portrayed the characteristics of a firm with a differentiated business-level strategy. Gucci provides value to their customers with high quality luxury goods which consist of unique product features in relation to their rival competitors. One example of Gucci’s distinct quality is the prestigious image of their brand name using the famous “GG” logo on their items. Gucci is a successful
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Business Opportunity Analysis [Gucci Group N.V.(HBS 701037)] Seoeui Hong 1316692 1) Map the competitive positions of the different players in the luxury good business along the “cost leadership” (Y-axis) and “product differentiation” (X-axis) strategy map. Where is Gucci’s position on this map in 1990‚ 1994‚ and 2000 respectively? a. The luxury goods arena is a highly competitive industry in which companies must position themselves with both objective and subjective differentiating
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Haley Ankenbauer Gucci Case Summary Robert Polet became CEO for Gucci in 2004 after spending the last 26 years of his life at one of the largest consumer goods companies‚ eventually becoming the president of the ice cream and frozen foods division. In 2008‚ shoppers were starting to feel the pain of the recent credit crunch crisis. Polet thought about improving Gucci’s CRM system because of his past experience and how much potential a good CRM system can have. Gucci created a corporate group of
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Executive Summary This paper examines the brand management of Gucci‚ as one of today’s most prominent luxury brands. Based on literature it first looks at definitions of luxury and luxury brand equity as an expression of dream value. Then it explores the identity‚ brand building‚ brand architecture‚ brand stretching and strategies Gucci follows in each of its segments. In the light of the latest recession‚ it looks at the response strategies of the brand and sheds light on the communication challenges
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Company Profile Gucci group is one of the world’s leading multi-brand luxury goods companies. Thanks to a clear strategy and a set of unique competitive advantages‚ the group has developed and strengthened a prestigious brand portfolio‚ broad product range and extensive geographical presence worldwide. The group well balanced brand portfolio includes prestigious and clearly identified luxury brands with a distinctive‚ specific role. Gucci‚ Bottega Veneta and Yves Saint Laurent are the engines
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Gucci Group N.V. (A) Case Study Prepared by: Garcia‚ Alexie Dharren Lim‚ Irish Barbara Menor‚ Leanne Fiel Pagaduan‚ Jan Edward Romblon‚ Allan Genesis BSAT-4D MWF 8:00-9:00pm C306 Prepared for: Mr. Renante T. Timajo‚ MBA December 5‚ 2014 A. Point of View In this case study‚ we are using the point of view of a CEO in Gucci Group N.V. (A). We chose this standpoint because we are viewing deeply into the strategies of the company. We examined the company according to the past events‚ decisions
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