Brand and Product Overview LVMH‚ being a huge conglomerate‚ does operate in a different luxury markets‚ offering variety of products for their customers. The whole LVMH group is focusing on items that would be demanded by high-income customers. According to Pan & McCauley (2005) brands played an important role in the luxury industry‚ as buyers in this segment bought not only the product but also its associated values in terms of class-consciousness‚ emotional and artistic appeal‚ a unique design
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2 CPEI LVMH: Strategic Integration and Expanding Brand Dominance in Asia 1 1 http://fashionrules.com/wp-content/uploads/2009/03/lvmh.gif 1 Table of contents INTRODUCTION……………………………….…………………………………......…3 I. LVMH and its environment ……...…………………………..……….………………..3 A. The luxury market and it segmentation……………………...………….………………3 1. Analysis of the luxury market: « The luxury-goods industry »…..………………...3 2. Segmentation……………………………………...…...….…………………......….4 B. LVMH presentation…………………………………
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written for the coursework of ‘Financial Analysis and Management of International Groups’ taught by Professor George Iatridis at EDHEC Business School‚ the LVMH Group will be thoroughly analysed and elaborately discussed. In order to be able to situate the analysis‚ we decided to compare LVMH with two of its industry competitors: Kering and Richmond. LVMH is a French multinational luxury goods conglomerate based in Paris‚ listed on Euronext Paris‚ and a constituent member of the CAC40. The group is responsible
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Strategic Management LVMH Executive summary ‘’ Represent the most refined qualities of Western Art de Vivre around the world.’’ This is one of the beautiful statements that have helped Louis Vuitton Moet Henessy (LVMH Group) to become the world’s largest luxury goods corporation. The Groups portfolio consists of 60 different prestigious brands with more than 200 stores worldwide. In this report‚ LVMH’s distinctive competencies and the leading strategies will be analyzed in relation to its current
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Challenge statement: "Despite worldwide softness in the sale of luxury goods‚ LVMH has cemented its position as the world ’s largest and most profitable player in the category. To stay there it must keep its customers loyal and its brand strong and find new markets worldwide" (Hazlett C. 2004). That is why in its mission they state to represent the most refined qualities of Western " art de vivre" all around the world. Their objective is to be the leader in the luxury market‚ continuing to transmit
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Institute 2015 March 2nd‚ 2015: - Introduction to the Italian Fashion System - The brand value in the Italian Fashion System Guest: Paolo Balistrieri‚ LVMH group - Brand value & counterfeit Quoted Brands: Elsa Haertter‚ I viaggi di Grazia‚ Grazia‚ Elsa Schiaparelli‚ Dolce & Gabbana‚ Valentino haute couture‚ Ferrari‚ Gucci‚ Beppe Modenese‚ Emilio Pucci‚ LVMH‚ Giorgio Armani‚ Krizia‚ Armani Privè susanne kreuzer . marco turinetto . silvia festa Concept and all design are property of Direction of the Master
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The battle for the takeover of Gucci by LVMH‚ and efforts by Gucci management to defend against the intended takeover at all costs‚ is a classic example in the fashion goods industry. The case can be seen as mainly a battle between the two majority stakeholders in Gucci‚ namely the management of Gucci itself versus the other majority stakeholder LVMH. It can also be seen as the battle between two personalities‚ De Sole of Gucci and Bernard Arnault of LVMH‚ each determined to get their own way‚ regardless
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With sales of almost € 36 billion in the previous year‚ the LVMH group has truly earned its title as the world’s leading luxury products group. Founded in 1854 by French-born Louis Vuitton as a packing-case company exclusively using high-quality materials for maximum durability‚ the family-owned business has consistently increased its luxury over the years. More than a century later‚ Louis Vuitton acquired Hennessy‚ the market leader in the high-end spirits segments‚ which had previously merged with
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LVMH Passionate about creativity ANNUAL REPORT 2010 CONTENTS 02 CHAIRMAN’S MESSAGE 06 FINANCIAL HIGHLIGHTS 08 INTERVIEW WITH ANTONIO BELLONI : THE AUTHENTICITY OF OUR BRANDS LINKING HERITAGE AND MODERNITY 10 CORPORATE GOVERNANCE 12 THE LVMH SHARE 14 REVIEW OF OPERATIONS 16 24 32 40 46 Wines & Spirits FASHION & LEATHER GOODS Perfumes & Cosmetics Watches & Jewelry SELECTIVE RETAILING 52 SUSTAINABLE DEVELOPMENT 54 Exchanging‚ sharing‚ moving forward 55 Human Resources LVMH
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LVMH and Luxury Goods Marketing 1. Bernard Arnault has built LVMH into a luxury goods empire by making numerous acquisitions. Describe the strategy is being used here? Discuss why you agree or disagree with this type of strategy. If you disagree‚ what alternative tactics would you use? Actually Mr. Bernard Arnault‚ one of the richest men in the world who took control of LVMH in 1990‚ has been snapping up luxury brands during past two decades one after another. He has build LVMH into a
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