Question
In considering the future of luxury, we must once again define what luxury is. If two of the essential components of luxury are rarity and
In considering the future of luxury, we must once again define what luxury is. If two of the essential components of luxury are rarity and
being extremely expensive then we must realize that a significant portion of the luxury market has been coopted by global luxury brands that are highly marketed and hyped through advertising and PR.
As perception of luxury shifts and markets fragment, you must strategically analyze the properties of a modern luxury brand
And the purpose they serve.
i need to create and manage my
own brand from concept to consumer.
Hint: Successful brands have clear values, message and identity: usually instilled by the founder.
Part1.
Brand model should include:
Formula for brand DNA
3 key points from classic brand definition
Marketing mix
Include interpretation of luxury and your position in it
Part2.
Introduce your brand to the China market.
Will you keep same brand model?
Explain your strategy with supported research.
Deliverables
Interpretation of luxury definition
Brand Introduction
Key products or service
DNA, Inspiration / Design concept,
Merchandise mix,
Muse (optional)
Customer Profile
Brand Identity program or Retail VI
Target Distribution Channel
Promotion Strategy, marketing campaign (brand storytelling)
Marketing Campaign employing specific culture reference (fashion & art)
Competition research, Positioning in luxury market
Strategy for introducing brand to China market.
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