Luxury goods & Jewellery in India. ABSTRACT The Luxury goods industry is a very wide industry comprising of products from watches‚ jewellery‚ perfumes‚ expensive wines to yachts‚ expensive pens‚ and clothes. Goods for which demand increases more proportionally as compared to income‚ are known as ‘Luxury goods’‚ in contrast to a "necessity goods"‚ for which demand increases less proportionally to income. Some luxurious goods are bought due to the tag implied of a status symbol‚ such goods
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There is a simple saying” the challenges and opportunities are co-existed”. As a new manager‚ he shall find out what the major challenges and the most valuable opportunities in the chaos‚ to lead the company into an industry from the right road towards the right direction. Since 2008‚ the finance crisis has made the whole world economy completely different. The rate of unemployment keeps quite high in most of developed countries‚ the price of real estate dropped to the historical low in America
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Store M By Shenghao Li & Civia Reinman Store: M M is owned by the famously well-connected and well-married Miller sisters‚ daughters of American duty-free billionaire Robert W. Miller and his wife Maria Clara. Pia married oil heir Christopher Getty‚ Alexandra wed Prince Alexandre von Furstenberg‚ the only son of fashion designer Diane‚ and Marie-Chantal is married to Crown Prince Pavlos of Greece. Always on the best-dressed lists‚ the socialite sisters are the
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Shanghai Tang: The First Global Chinese Luxury Brand 1. What is a luxury brand and how is it different than a mass market brand? How does one build a luxury brand? 2. What might have accounted for Shanghai Tang’s unsatisfactory early results in building a global luxury brand? What could they or should they have done differently? 3. What strategies did they use to promote the brand? What worked and what didn’t work? How did they expand the brand? Was it a good strategy? 4. How
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2012 Luxury Goods Worldwide Market Study (11th Edition) Milan‚ 15th October 2012 This information is confidential and was prepared by Bain & Company solely for the use of our client; it is not to be relied on by any 3rd party without Bain’s prior written consent Executive Summary WHY • The global luxury goods sector has continued to soar to post-crisis heights in 2012‚ with its third year of double-digit growth - Globally‚ luxury goods sales are expected to reach an estimated €212 billion
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LOUIS VUITTON MOËT HENNESSY: EXPANDING BRAND DOMINANCE IN ASIA Bibliography: Pan‚ Yingang Asia Case Research Centre (University of Hong Kong) October 14th‚ 2004 Louis Vuitton Moët Hennessy Group‚ the world leader on the market of luxury products‚ was created in 1987 and resulted from the merger of Louis Vuitton (an upscale luggage company) and Moët Hennessy (pppsdcnmzxan upscale producer of champagne and cognac). Since its creation‚ LVMH has made changes to its structure and in 1997 LVMH started
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History The Foundation Established in France in 1854‚ known as one of the oldest French luxury fashion houses‚ most known for its craftwork leather bags and trunks. Flat bottom trunks with trianon canvases represented a real revolution for travelling in those days as they combined lightness and storage capacity. (p.2) LV monogram was inspired by the Japanese and Oriental designs of the Victorian age. (p.2) The modern age of Louis Vuitton Expanded its product line by applying the craftwork and
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Toko Ohmori 26 Luxury shopping in the digital age The “right” digital strategy differs for every luxury brand‚ but the essential elements are the same: a strong mobile presence‚ a selective approach to social media‚ and a tight focus on carefully chosen metrics. Linda Dauriz‚ Nathalie Remy‚ and Nicola Sandri Among luxury companies‚ conventional luxury products online‚ and at undiscounted wisdom used to be that participation in prices. Our latest luxury-industry research‚ e-commerce—and‚
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Anthony Tan 03359957 FSH316 Ricardo Sison Louis Vuitton In India Louis Vuitton was the inventor of the flat-topped trunk with a canvas cover. They have made an impression on the world. On top of that‚ they carried a wide range of products. The target customers of Louis Vuitton are all around the world. In worldwide‚ consumers fell into 3 categories‚ which are when one bought a luxury product for its practicality and good quality. They were older and wealthier customers and willing to pay
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DICHOTOMY BETWEEN LOUIS VUITTON AND INDIA’S ECONOMY Louis Vuitton has created a brand that stands for luxury. The company has worked hard on being the top luxury brand in the world. India is one of the fastest growing countries in the world. Its population is second only to China. Unfortunately‚ close to 90% of the country’s population lived on income less than $2.50 a day during the 1990s. In order to dichotomy to be mitigated‚ Louis Vuitton focused on the ultra-rich people in the country. These
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