some companies are increasing the extent to which corporate social responsibility and sustainability issues feature in their business practices. This paper will look at the issues regarding luxury brands and social responsibility‚ and will focus on LVMH Moët Hennessy Louis Vuitton‚ the world‟s largest luxury goods conglomerate. Introduction Despite the recent global financial crisis and continuing economic troubles worldwide‚ sales of luxury brands are growing. According to the Luxury Goods Worldwide
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PASSIONATE ABOUT CREATIVITY PASSIONATE ABOUT CREATIVITY TABLE OF CONTENTS CHAIRMAN’S MESSAGE 02 04 06 A COHERENT UNIVERSE FINANCIAL HIGHLIGHTS OF MEN AND HIGHLIGHTS BOARD OF DIRECTORS AND GENERAL MANAGEMENT CORPORATE GOVERNANCE THE LVMH SHARE SHAREHOLDER RELATIONS WOMEN PASSIONATE ABOUT THEIR BUSINESS AND DRIVEN BY THE DESIRE TO INNOVATE AND 08 09 10 12 ACHIEVE . AN UNRIVALLED GROUP OF POWERFULLY EVOCATIVE BRANDS AND GREAT NAMES THAT ARE SYNONYMOUS W I T H T H E
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The scope of luxury brands is amazing if you dig a bit. Let us look at publicly traded LVMH Group (Louis Vuitton Moet Hennessey). Despite an extremely uncertain economic climate in the US‚ a very poor one in Europe‚ and signs of a possible China slowdown‚ LVMH is chugging along nicely. Sales were up 16% last year despite clear economic headwinds. The company has a stable of brands that reeks of luxury: in wines and spirits they own Moet & Chandon‚ Dom Perignon‚ Veuve Clicquot‚ and Krug Champagne
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1936‚ Georges passed away. Georges have been create 700 new Vuitton designs throughout his career. In1987‚ Louis Vuitton merged with Möet-Hennessy‚ leading manufacters of champagne and cognac‚ to form the world’s largest luxury goods conglomerate LVMH. LVMH comprises around 60 luxury goods brands.The mission of the
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Recession. In 2008‚ banks were falling left and right‚ unemployment rates sky high‚ and consumer confidence at an all-time low. In 2009‚ total luxury goods industry sales fell by 20%. The high-end fashion industry was dominated by the Big Three: LVMH (with more than 50 brands such as Louis Vuitton handbags‚ Moët Hennessy liquor‚ Christian Dior cosmetics‚ TAG Heuer watches‚ and Bulgari jewelry)‚ Gucci Group (with nine brands such as Gucci handbags‚ Yves Saint Laurent clothing‚ and Sergio Rossi shoes)
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ones from 2009. Christian Dior (the owner) is engaged in the production and sale of luxury goods. The group operates through three companies: Christian Dior Couture (wholly-owned)‚ Financiere Jean Goujon (wholly-owned) and Louis Vuitton Moet Hennessy (LVMH)‚ in which the group holds a stake of 42.5%. Christian Dior markets and distributes its products through group-owned shops and licensed distributors in Europe‚ the US‚ Japan and Asia Pacific. It is headquartered in Paris‚ France and employs about 57
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Chanel Competitors Gucci Based in the Netherlands Specializes in clothing‚ cosmetics‚ shoes Strong brand identity PRADA Based in Milan‚ Italy Fashion leader Known for its runway shows LVMH Louis Vuitton Based in Paris‚ France One of the oldest fashion company in the world SWOT Chanel Strength Cloth Fashion haute couture luxury goods perfume jewelry watches beauty products
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After the case and readings the problems of LVMH there are several problems such as the declining demand for luxury goods because it is linked to political events‚ situation and social trends. (After the attacks of 9/11 an impact on luxury goods has dropped and had automatically an impact on LVMH sales) Secondly luxury products are easy to counterfeit‚ some countries such as china‚ turkey‚ and other still have to improve their IPR policies And finally LVMH diversification strategy (Bernard Arnault)
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Overseas Purchasing: New challenge for Chinese luxury retailers Abstract Chinese luxury consumers start to account for more percentage for the world luxury goods sales. However‚ domestic retailers do not benefit from this trend‚ because Chinese consumers prefer to purchase luxury products from foreign countries. As a result‚ the growth domestic luxury market trends to slow down. In order to avoid that disadvantage‚ some of the largest luxury retailers have claimed to slow and cease their plan for
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January 2013 Markets‚ Marketing and Strategy Report MMS Report‚ 1 January 2013 Markets Marketing and Strategy Report Executiv summary : This report provides an analysis and evaluation of Chanel’s marketing strategies and of its place in the Luxury market today. Methods of analysis include three theorical models that help to understand the complexity of Chanel business environment and its main resources. Those three models are: PESTEL‚ SWOT and 5 Porter’s forces. In this
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