Holly Swenson Executing Global Strategy Professor Sarathy 12.3.2014 Michael Kors Fashion is not something that exists in dresses only. Fashion is in the sky, in the street, fashion has to do with ideas, the way we live, what is happening. -Coco Chanel Industry & Environmental Analysis - Intro Fashion is a volatile, ambiguous term that has defined personal style and shaped individuality for centuries. Whether or not one is interested in fashion is irrelevant, for trends that commence
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Case Study Competitive advantage at Louis Vuitton and Gucci MEMO The market of high fashion luxury goods presents US$165 billion of annual sales and gross profit margins of over 50 per cent. The leader company seems to be LVMH fashion house, with US$12billion of sales, followed by Richemont with US$3.6 billion and Gucci Group with US$2.4 billion. According to the text, the key activity of those companies is the preparation and display of new collection for their bi-annual fashion show. Analysing
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Section I – Organizational History Coach, Inc began in 1941 as a small leather goods workshop in Manhattan, NY. Family members handcrafted the goods from skills handed down to them from many generations and consumers quickly looked to Coach for the unique nature and quality of their goods. Headquarters is still located in Manhattan in their former factory lofts. From here they have succeeded over the years by expanding into various product categories while maintaining the classic American
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Keeping Luxury Inaccessible Keeping Luxury Inaccessible By David Ward (PhD), Claudia Chiari (MBA) All correspondence to Prof. David Ward, Via Fornari 46, 20146 Milan, Italy email: daward@tin.it Co-author: Claudia Chiari, Via Vittorio Alfieri 27, 52100, Arezzo, Italy Abstract This paper sets out to explain and decipher luxury and especially inaccessible luxury with the intent to provide enterprises three new analytical tools to ensure they stay ‘in front of the pack’. The paper starts by assessing
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TABLE OF CONTENTS CHAPTER 1 CULTURAL HISTORY OF EUROPE 3 CHAPTER 2 CONSUMERS. 5 TRENDS 7 CHAPTER 3 LUXURY INDUSTRY 8 MAJOR PLAYERS 9 BIBLIOGRAPHY 12 CULTURAL HISTORY OF LUXURY Russia has a longstanding history of luxury with a large emphasis on furs, gold, diamonds and the booming caviar industry. It has some of the most grandiose palaces in the whole world. We can consider Russian culture closely linked to term of luxury, because of the rich history and long tradition of impressive
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STRATEGIC MANAGEMENT MGMT E -5000 LVMH Case Analysis By Kavya October 6, 2008 External Analysis for LVMH. Environmental analysis (PESTEL): See Exhibit 1 for comparison of PEST factors: Key findings on the analysis were: * The luxury goods industry was very sensitive to the fluctuation of the economy and any economic drift could have a great influence on its sales. * If the economy was depressed its sales growth went down sharply (e.g. SARS attack 2003) and so did the consumer
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INTRODUCTION The brand Louis Vuitton has been founded in 1854 by Louis Vuitton Malletier, a founder in Paris, French. A century and a half later, the company is now one of the world’s most famous fashion brands and is part of the LVMH group. It is the star brand of the LVMH group, the world’s largest luxury goods producer. Some other brands carried by LVMH include Fendi, Celine, and Marc Jacobs. Its products include leather goods, handbags, trunks, shoes, watches, jewelry and accessories. Most
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Gucci is positioned bellowed Hermes and Chanel and they are on par with Prada and Louis Vuitonn. LVMH appears to be the best positioned brand based on their having the highest operating margin and also the fact that they own their distribution networks. This, coupled with their negotiations with other suppliers allowed for them to enjoy discounting advertising benefits by as much as 20 percent. LVMH was also able to move 70 percent of their previously out-sourced distribution back in-house
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SWOT ANALYSIS The swot analysis Strength: • Name recognition which makes them the largest product marketplace • Long term experience • Leading position in their industry • Premium quality reputation • Distribution • Public Relation Strengths 1. LVMH¡¯s prestige brand focus is a key foundation of the group¡¯s strategy. It has the leadership in luxury product market 2. Its presence in wines and spirits constitutes an advantage for the group. Thanks to its strong position in champagne
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