Louis Vuitton in India Executive Summary Louis Vuitton Moët Hennessy‚ the world’s leading luxury brand‚ made the decision to formally enter India in 1999. India was a familiar market for Louis Vuitton as the company had filled custom orders from maharajahs since the late 19th century. However‚ the Indian market was unlike any in which the company was currently operating. The changing socio-economic conditions of the developing nation opened up opportunities for the brand but also posed unique
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1. Assess the opportunities and threats for Luxury goods in India. Is there a product- market fit for luxury goods in India‚ in particular‚ given that India is still a low- income economy overall? A. Opportunities 1-The first mover advantage amongst the luxury goods segment. Also the historic business association with the LV brand create a strong brand recall in this segment. 2-The emergence of of high net worth consumers which is the 2nd fastest growing in the world. Also the Ascendance of
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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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Management Louis Vuitton Case Analysis Key Issue Louis Vuitton is a flagship group of LVMH‚ which had double digit growth during 2010 and 2011. Michael Burke‚ the new CEO of LV group is uncertain about whether the group can grow sustainable. The main issue he current encounter is that how to push LV to grow steadily and protect LV’s values and heritage from being undermined. External Analysis PESTEL Analysis Political: The global luxury
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Case Study- Louis Vuitton 1 Table of Contents 1. Introduction 2. The company Louis Vuitton 3. Supply Chain Strategy 4. Constraints of the Luxury Industry 4.1. Supply Chain Strategy of Louis Vuitton 5. Process map of buying process 5.Order Qualifiers and Order Winners 5.1. 5.2. Performance Dimensions Trade-off among Performance Dimensions 6. Internal Operation Practices 6.1. Manufacturing Process 6.2. Customization Point 6.3. 6.4. 6.5. 6.6. Service Package and Service Level
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Louis Vuitton : New product introductions vs. product availability Introduction Louis Vuitton is a part of the Louis Vuitton Moet Hennessy Group. Being the core business‚ Louis Vuitton is the most famous brand not only in the group‚ but also in the fashion industry. It is well-known for its quality and design. Most of the Louis Vuitton consumers are wealthy people‚ who expect premium products regardless to the price. Considering this fact‚ Louis Vuitton may implement a strategy‚
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how does a company conducted its market segmentation‚ targeting and positioning strategies in the industry and marketing mix strategy. I have chose Louis Vuitton(LV) as my topic to continue my research and report. The market size‚ market segmentation‚ positioning strategy and macro environment analysis of LVMH is discussed in the report. The SWOT analysis of LVMH is also being discussed briefly. Besides‚ the marketing mix strategy of LVMH which is 4Ps is also being further discussed in this report.
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achieved by reducing costs and off-shoring production to China and elsewhere. Louis Vuitton handbags‚ on the other hand‚ are priced high. Such high prices are unnecessary for merely stowing and carrying things. In essence‚ the Louis Vuitton difference is value‚ not price—this being absolute value‚ not relative value. Many of the principles for Price were innovations that came about after Kyojiro Hata became president of Louis Vuitton Japan and that subsequently went global. With the Yen getting strong ‘LV’
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: Richard Small Submission Date : 02-03-2011 PROJECT PROPOSAL TITLE: LOUIS VUITTON AIM OF THE PROJECT: To understand the the marketing challenge faced by the LOUIS VUITTON the no 1 luxury brand in the world. OBJECTIVE: To investigate the LOUIS VUITTON (fashion & leather) business issues. These are some LOUIS VUITTON business issues * Regarding their distribution network‚ Louis Vuitton has a tremendous competitive advantage. But rapidly increase similar competitive brand
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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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