MANAGING FASHION & LUXURY COMPANIES Week 1 W1 - Content Fashion & Luxury 1. What is Fashion? 2. New Trends 3. Dream Factor and Media System 4. What is Luxury? 5. Luxury as a Product 6. Luxury as Know How‚ Industry and Business 7. Luxury as a Culture 8. Luxury as a Customer 9. What Luxury is not 10. Fashion and Luxury for Millennials 2 W1 - Content Fashion 1. What is Fashion? 2. New Trends
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1. What are the defining characteristics of the luxury goods industry? What is the industry like? Economics define a luxury good as one for which demand increase as income increase. Luxury goods are said to have high income elasticity of demand as people become wealthier‚ they will buy more and more of the luxury good. This also means‚ however‚ that should there be a decline in income its demand will drop. Unlike mediocre goods‚ they are related to price and high-income individuals. A luxury corporation
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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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DKNY Assignment Donna Karan: At sixty four‚ Donna Karan is still one of the most influential fashion designers in the world of classic and comfortable clothing; Donna Karan International (DKI) defines the metropolitan flair that bridges the difference between stylishly casual and conventional wear. The company designs and sells men’s and women’s clothing‚ including suits‚ sportswear‚ accessories‚ and shoes‚ under the Donna Karan New York‚ DKNY‚ DKNY Jeans‚ and DKNY Active labels amongst several
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Marketing Interim Report By Bilal Rasheed & Hisham Ahmed Executive Summary Chanel’s objective is to provide a sense of luxurious‚ elegant and fashionable bringing up for women introducing timeless style. If Chanel wants to retain the same kind of brand image then it needs to continue with the same strategies which are currently being applied. However‚ in order to increase market share‚ emphasis on mass media and e-commerce would be effective which the competitors are already
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Huda Al-Subai FND151 Consumer Behavior Instructor: James Oakley 12/11/2012 Lous is Vuitton handbag offers a “product of distinguished quality” and “attention to detail‚” 63.1373 as well as “one with a story behind it.” Furthermore‚ while general marketing places importance on “relative Quality‚” for Louis Vuitton the concept seems to be “absolute quality‚” which prompts consumers to insist on “Louis Vuitton or nothing‚” rendering comparisons of Louis Vuitton bags with competing products
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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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Women and Shopping Everyone knows‚ women are fond of shopping. No matter young single ladies or married mothers‚ Asian women or European girls. Middle-aged women‚ single and married‚ usually go for a high-class afternoon tea on a particular day. Just like what we often see in films‚ they will only complain about their boyfriends or husbands not giving enough money to them‚ do not allow them to buy which bag…only complaints about money. Women only know how to spend money. When women talk about
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PROJECT CASE 1 Luxury Retaling: INTRODUCTION & SCENARIO: The Indian economy has evoked a lot of interest globally given its statistics of some of the highest disposable incomes and increase in the number of millionaires. We are not new to luxury. Indian princes had a penchant for luxury goods from the west. The last couple of years have seen a profusion of luxury brands into the Indian market. With one of the highest levels of disposable incomes‚ the well-traveled Indian luxury consumer is being
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Today when consumer culture in France is thought of the first thing that come to mind is high end clothing‚ fancy jewelry‚ expensive boutiques‚ and who could forget Louis Vuitton. The consumer culture of today in France is geared towards high-style‚ well dressed women but this was not always the case. This culture has been many years coming. Many changes in this consumer culture came about in the time periods surrounding World War I. In this essay I will be tracing the change in women in the consumer
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