1: * We chose Gucci for our project because it was a brand that none of us knew a lot about and we thought it would be interesting to learn about the company. * It is a designer brand that produces purses‚ women’s wear‚ men’s apparel and children’s wear. * Gucci is located in all major fashion capitals and large cities. For example‚ the one we went and visited was the location on Rodeo Drive in Beverly Hills. They are located globally. * The target market for Gucci is mostly business
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Technology and Innovation Strategy Individual Assignment: “Gucci Group” (11/06/2012) ------------------------------------------------- Matteo Berzoini ------------------------------------------------- 1. Provide a competitive positioning of the luxury industry back in 1990. How was Gucci positioned? 2. Which critical moves allowed De Sole to reposition Gucci? 3. What do you think about the acquisition of YSL and Sergio Rossi? 1. Market Worth and Composition: By
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Gucci (Italian pronunciation: [ˈɡuttʃi]) is an Italian luxury fashion house‚ part of the Gucci Group‚ which is owned by French company Kering formerly known as PPR.[2][3][4] Gucci was founded by Guccio Gucci in Florence in 1921.[5] Gucci generated about € 4.2 billion in revenue worldwide in 2008 according to BusinessWeek magazine and climbed to 41st position in the magazine’s annual 2009 "Top Global 100 Brands" chart created by Interbrand.[6] Gucci is also the biggest-selling Italian brand.[6] Gucci
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have to mention that the desired identity by the company can be different from perceived identity by customers. (Elite VS Middle VS Accessible) Time Period Directed by Management result Desired Identity Perceived Identity 1920’s ~ 1970’s Guccio Gucci Prosperity Middle luxury Middle luxury 1970’ ~ 1980’s Aldo & Rodolfo Internal conflict Middle luxury Middle luxury 1980’s ~1990’s Maurizio Adversity Elite luxury Middle luxury 1990’s ~ 2005’s Tom & Domenico Prosperity Middle luxury Middle
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Problem Statement With current economic downturn‚ should Robert Polet concentrate solely on strengthening the Gucci brand further‚ or should he expand the multi-brand strategy to the next level? Situation Analysis As the economy began to deteriorate near the end of 2008‚ luxury brands like Gucci‚ Prada‚ and Louis Vuitton all began to feel the effects. Consumers were beginning to spend less and save money through the times of economic uncertainty. One of the hardest hit industries what that of
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confirm that I have a record of this student ’s progress tutorial/s. Tutor signature: Date: Name of Organisation: Gucci Student Number: 309416 For: Prof. Theodore Benetatos Unit: International Strategic Management Submission Date: 15 September 2014 Executive Summary: This report focuses and discusses about strategies employed by the case study of Gucci brand. The report is based on a case study about the company combined with other sources available. The reader could expect to find
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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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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 their existing structure. Hence Gucci made the following moves to reposition it to compete in the new economics of the luxury goods industry. Gucci The partnership between DeSole and Ford addresses the company’s inability
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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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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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