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7-...In English of Course... - Page 4

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    #Luxury #Shoppers Crowd #London for #Brexit bargains [@adetem @LuxuryDaily]

    NOVEMBER, 30, 2016.

    London: While the prospect of Brexit is weighing on much of the British economy, tourism and luxury goods businesses are cashing in on bargain-hungry visitors lured by the slide in the pound.

    [LIRE L'ARTICLE DANS BUSINESS NEWS] 

    London’s tourism agency says sales of goods eligible for sales-tax exemption have gone up by a third since the Brexit vote in June, which sent the pound sterling plunging against the euro and dollar. ”We calculated that over the last four months it’s been about 12% cheaper for Europeans to come and shop here,” said Chris Gottlieb, head of leisure marketing at the agency London & Partners. The pound is now at 1.17 euros compared with 1.3 euros before the shock vote to leave the European Union, while it has also fallen to US$1.25 from US$1.49. The result is that London has become the cheapest city for luxury goods shopping in the world in dollar terms, according to a study by Deloitte.

    ‘GOING TO SPEND MUCH MORE’

    In tourist areas, the effects are evident. ”We’re going to spend much more money than we planned to,” said Radostina Nonova, a Bulgarian tourist, laughing as she lugged her bags on Carnaby Street - in the heart of London’s shopping district. ”We didn’t plan to shop too much but it’s obvious that the prices are very good for us. ”So we shop and we can afford to eat and drink outside. That was not possible years ago,” she said.

    French tourist Christophe Disic said he did not come just because the pound was low but “when we changed our money we realised we had a few more pounds for fewer euros”. When speaking to US tourists, shopkeepers are quick to take out their calculators. ”We’re an American brand. Our products are designed and assembled in the States. But with the weakening of the pound it actually happens to be cheaper for the American tourists to buy an American product in London,” said Denis Sagajevs, who works in Shinola, a shop selling watches and leather accessories. ”It’s affected by the fact that they can claim VAT on their way back. We pretty much on a day-to-day basis explain that to customers from the States. It happens to be quite a strong sales driver,” he said.

    50 PER CENT INCREASE IN SHOPPERS

    Some shops are adapting their advertising and sales tactics to the new consumer behaviour. ”Before the vote, European tourists were couples who came to be together and maybe bought a couple of things,” said James, the manager of a luxury men’s clothes shop on Carnaby Street. ”Now, there are groups of friends who rush in. They grab everything they can carry.” James estimated that European and US shoppers coming to his store have increased by around 50%. Instead of spending on costly advertising in British newspapers as it did before, his firm is changing tactic to appeal more to overseas visitors. They have put up signs outside Underground train stations near the shop.

    But there are doubts about how long the boom can last. While the good health of the British economy was confirmed by solid growth of 0.5% in the third quarter, the official forecasts for 2017 have been lowered to 1.4% from 2.2%. ”Our British customer sales are not as strong as before the vote and we don’t even know if this tourism boom is going to last,” James said. - AFP

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    Inside #Fidel #Castro’s life of #luxury and ladies while country starved [#cuba @adetem]

    castro, new-york post, cuba

    FROM THE NEW YORK POST, BY LAURA ITALIANO, NOVEMBER, 27, 2016

    With his shaggy beard and rumpled, olive-drab fatigues, Fidel Castro presented himself to the world as a modest man of the people. At times, he claimed he made just 900 pesos ($43) a month and lived in a “fisherman’s hut” somewhere on the beach.

    But Castro’s public image was a carefully crafted myth, more fiction than fact.

    “While his people suffered, Fidel Castro lived in comfort — keeping everything, including his eight children, his many mistresses, even his wife, a secret,” wrote Juan Reinaldo Sanchez, Castro’s longtime bodyguard. Sanchez’s book, “The Double Life of Fidel Castro: My 17 Years as Personal Bodyguard to El Líder Maximo,” describes his former boss’s hidden life of political ruthlessness, mistresses and greed.

    Castro, who died Friday night at 90, made a personal fortune offering safe haven to drug traffickers, bedded a bevy of women over the decades, and once threatened his own brother, Raul, with execution when the brother lapsed into alcoholism in the ’90s, Sanchez’s book reveals.

    Amazingly, most Cubans had no idea how, or even where, their secretive strongman actually lived. Even his first and second wives were kept out of the public eye — as was their leader’s two-timing. Castro cheated on his first wife, the upper-middle-class Mirta Diaz-Balart, with Natalia Revuelta. “With her green eyes, her perfect face and her natural charm,” Revuelta was one of Havana’s most beautiful women, Sanchez wrote — no matter that she, too, was married at the start of their mid-’50s affair. Diaz-Balart would bear Castro his first “official” son, Fidel Jr. or “Fidelito,” and Revuelta would bear Castro his only daughter, Alina.

    Castro cheated, too, on his second wife, seducing “comrade Celia Sanchez, his private secretary, confidante and guard dog for 30 or so years,” Sanchez wrote. Castro also bedded his English interpreter, his French interpreter, and a Cuban airline stewardess who attended him on foreign trips, Sanchez wrote. “He doubtless had other relationships that I did not know about,” Sanchez wrote. Castro kept 20 luxurious properties throughout the Caribbean nation, including his own island, accessed via a yacht decorated entirely in exotic wood imported from Angola, Sanchez wrote. Taking control of Cuba on New Year’s Day 1959, after his guerrilla army routed the quarter-century-long dictatorship of Fulgencio Batista, Castro vowed that unlike his hated predecessor, he’d share the nation’s wealth with its poorest citizens.

    But while he made good on some of his promises to educate and care for his people — building free schools and hospitals with the help of his Soviet sponsors — Castro’s legacy was also one of repression and hypocrisy. Deep poverty persisted — teen prostitution, crumbling houses, food rations. Political opponents were executed by the thousands by firing squad, or sentenced to decades of hard labor. Castro had as many as 11 children with four women — only two of whom he was married to — and numerous other mistresses, Sanchez wrote.

    Only those closest to him knew of these affairs. The only woman who dared to cause him any public scandal was his rebellious daughter, Alina Fernandez Revuelta. “I remember her in the 1980s, a pretty young woman who had become a model,” Sanchez wrote. “One day, when I was in Fidel’s anteroom, Pepín Naranjo, his aide-de-camp, showed up with a copy of the magazine Cuba. “Spread across its second page, Alina could be admired posing on a sailboat in a bikini, in an advertisement for Havana Club rum.” “What on earth is this?” Fidel exclaimed, according to Sanchez. “Call Alina, at once!”

    What followed was an epic father-daughter blowout.

    "Two hours later, Alina strode into his office, not in the least ­intimidated,” Sanchez recalled. “The ensuing argument was the most memorable of them all: Shouting reverberated all over the room, shaking the walls of the presidential office.” “Everybody knows you are my daughter! Posing in a bikini like that is unseemly!” Castro raged. Several years later, in 1993, Fidel learned through his secret service that Alina was plotting to flee to the United States.

    “I am warning you: Alina must not leave Cuba under any pretext or in any way,” Castro told his head bodyguard, Col. Jose Delgado Castro, according to Sanchez. “You’ve been warned.” Two months later, Alina put on a wig, packed a false Spanish passport, and, with the help of a network of international accomplices, sneaked out of Cuba. This, too, ignited the dictator’s temper. “One rarely sees the Comandante allowing his anger to explode,” Sanchez wrote. “In 17 years, I saw it only twice. But when Pepín broke the unpleasant news to him that day, Fidel went mad with rage. “Standing up, he stamped his feet on the ground while pointing his two index fingers down to his toes and waving them around.” “What a band of incompetent fools!” he cried. “I want those responsible! I demand a report! I want to know how all this could have happened!”

    Alina remains one of her father’s most outspoken opponents. “When people tell me he’s a dictator, I tell them that’s not the right word,” she told the Miami Herald. “Strictly speaking, Fidel is a tyrant.” Castro’s second wife and widow, Dalia Soto del Valle, is the least known of Castro’s women, Sanchez noted. They met in 1961. Castro noticed her in the audience as he gave an open-air speech, Sanchez remembered.

    “Fidel spotted in the first row a gorgeous girl with whom he rapidly started exchanging furtive and meaningful glances,” Sanchez wrote. After being vetted by his aide-de-camp, del Valle was installed in a discreet house just outside Havana. Eventually, they married and had five sons, who grew up in hidden luxury on an estate outside Havana. “With its orange, lemon, mandarin, grapefruit and banana trees, the estate resembled a veritable garden of Eden — especially if one compared it with the notorious ration book that all Cubans had to use to buy food,” Sanchez wrote.

    Each member of the family possessed his or her own cow, “so as to satisfy each one’s individual taste, since the acidity and creaminess of fresh milk varies from one cow to another.” Disloyalty exacted a heavy price. Dissidents were jailed for as little as handing out books on democracy. Castro himself displayed little loyalty, either professionally or personally. Even his closest aides faced execution if it suited his agenda. In the late ’80s, when an international scandal brewed over Castro’s exchanges of safe haven for cash with Colombian cocaine traffickers, Castro had no problem throwing those closest to him under the bus. “Very simply, a huge drug-trafficking transaction was being carried out at the highest echelons of the state,” Sanchez wrote.Castro “was directing illegal operations like a real godfather,” Sanchez wrote.Revolutionary Gen. Arnaldo Ochoa, who had fought alongside Fidel and Raul Castro, was at the center of the drug dealings, Sanchez said.

    But when the US caught wind, Castro vowed an “official inquiry.” Raul was forced to watch on closed-circuit TV as a kangaroo court tried and convicted Ochoa — and then to watch the general’s execution by firing squad. “Castro made us watch it,” Sanchez recalled. “That’s what the Comandante was capable of to keep his power: not just of killing but also of humiliating and reducing to nothing men who had served him devotedly.” After Ochoa’s death, Raul plunged into alcoholism, drowning his grief and humiliation with vodka. “Listen, I’m talking to you as a brother,” Castro warned him. “Swear to me that you will come out of this lamentable state and I promise you nothing will happen to you.” Raul, who perhaps knew best what his brother was capable of, complied.

    [LIRE L'ARTICLE EN ENTIER]

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    The future of luxury brands in an on-demand world [#digital #luxury #technology #socialmedia #exclusivity #challenges #culture #customization #click-to-buy]

    The future of luxury brands in an on-demand world

     By Tracey Follows, 2016-10-10+, Campaignlive.co.uk

    Can luxury brands both embrace the sharing economy and remain aspirational? It's an existential question they now need to answer.

    Luxury brands are prefaced on the idea of scarcity – what is scarce is of most value, and what is difficult to acquire or to access confers status. But in a world of abundance, in which nearly everything is accessible and nothing is scarce, what are the symbols and codes that communicate that something is a luxury?

    > Which role does digitalization, technology and social media play?
    > Which degree of exclusivity is right and how do the cultural differences create a need for customization?

    [READ THE ENTIRE ARTICLE]

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    How a new idea of #luxury helped @Coach correct course [#inclusivity #exclusivity #digitalluxury #fashion #strategy #imessages #Coachmoji]

    How a new idea of luxury helped Coach correct course

    By Hilary Milnes, 2016-10-10+, Glossy.co, digital luxury

    In a post-show statement, previous to the Spring 2017 runway show at the New York Fashion Week Vevers acknowledged that Coach was looking to appeal to the new luxury consumers. Coach finally embraced that the definition of luxury was changing.

    After facing for years real competition within the affordable luxury market, the brand drifted down-market and understood that it is time to take more control across online and in store channels. The key to Coach’s newfound relevance was a shift in mindset around the definition of luxury in a digital age.

    “The question had been around inclusivity versus exclusivity,” said Audier D’Alessandris. “Luxury was about selling a dream and being so exclusive, and it’s been fascinating to see the world around fashion changing. We have new philosophies now, and the balance between inclusivity and exclusivity is at the core of the future of luxury.”

    Coach reformatted its mobile strategy, launched Coachmoji and imessages, with the aim to create an immediate product discovery as a result of an internal change in terms of infrastructure. The brand was even among the first luxury brands to offer a live chat online.

    [READ THE ENTIRE ARTICLE]

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    #Russia’s #economic trials paves #opportunity for #luxury [#depreciation #tourism #accessories]

    Russia’s economic trials paves opportunity for luxury

    By Staff Reports, 2016-10-10+, Luxury Daily, Retail

    Devalued currency rates in Russia have spurred an uptick in tourism and the purchase of luxury accessories within the market.

    Although Russia’s luxury sector has had its share of highs and lows, many brands have worked to capitalize on its potential.

    With the depreciation of the Russian ruble, the Russian market recognized a +2% increase in purchased personal accessories (in rubles), compared to US dollar purchases which declined by -30%.

    Despite the depreciation, Russian affluents opted to stay local to shop, rather than flying to destinations such as London or Paris to effectuate high-end purchases, since the prices of luxury goods became more attractive at home.

    [READ THE ENTIRE ARTICLE]

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    @L’Oréal #growth remains strong in #China despite #economic #slowdown [#innovation #strengths #Asia #UltraDoux #Garnier #luxe #Yves Saint Laurent #Giorgio Armani #currency translation #brand portfolio #balance #cosmetics]

    L’Oréal growth remains strong in China despite economic slowdown

    By Simon Pitman+, 02-Aug-2016, cosmeticsdesign-asia

     Despite the economic slowdown in China, L’Oréal’s performance in the country continues to go from strength to strength as the product innovation pipeline is maintained.

    The article shares the information that for the first six months of the year the like-for-like growth was 4.6 to €2.8bn, while on a reported basis it rose 0.6%.

    L’Oréal Luxe maintains momentum in China

    Especially the performance of the luxury brands Yves Saint Laurent and Giorgio Armani contributed to the strong sales of the company’s luxe division. In the Asia Pacific region it has been driven by the launch of Ultra Doux in China and India, while in Southern Asia the reason lies behind the roll-out of the Garnier brand.

    On an international basis, the company stressed that the currency negatively impacted the results by 3.9% for the first six month of the year. According to the group, the like-for-like revenues for the first half of the year accounted for 4.2% to €12.89bn, which represented a reported growth of 0.6%, taking into consideration the negative impact of currency exchange.

    Interestingly, all divisions and geographies reported growth despite the impact from currency translation, while the Luxe and Active Cosmetics divisions were the most outstanding ones despite the challenging situation.

    “L’Oréal Luxe, in a market that remains solid, is continuing to deliver sustained growth by capitalizing on its unique brand portfolio and by maintaining its innovation drive”, explains L’Oréal CEO Jean-Paul Agon, who points equally out that the strength of the group lies definitely within its balanced business model.

    [READ THE ENTIRE ARTICLE]

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    Press Release - Barometer @Promiseconsulting – @BNPExane : #Luxury Fashion #Brands in the #US #2016

    BAROMETER PROMISE – EXANE BNP : LUXURY IN THE USA 2016


    [ACCEDER A LA VERSION FRANCAISE DU COMMUNIQUE DE PRESSE]

    Promise Consulting Inc., an acknowledged consulting and market research firm, joins forces with Exane BNP, a key actor in the European financial market and a specialist in research and analyses for the European, Asian and American luxury sector, to publish the 3nd wave of the 2016 Promise – Exane BNP Barometer on "Exclusivity & Desirability of top luxury brands in the USA".

    This barometer classifies the 22 most known, purchased, exclusive and desired brands in the US in the universe of personal luxury goods (fashion). This year’s barometer was conducted amongst the wealthiest American women from the Industry Interviews ranking, Exane Paribas Estimates & Analysis (2015), who were interrogated on the categories ready-to-wear, handbags, shoes and accessories.

    With its macro vision of the American luxury market, the barometer establishes basically a section on the brands’ awareness, purchase and the brand image, with a focus on the notions of exclusivity and desirability. 

    Flag USA[DOWNLOAD HERE THE SLIDES IN PDF FORMAT]

    EXPERT OPINION

    luxury,usa,2016,barometer front row,exclusivity,desirability,aided awareness,penetration,market growth,china,france,promise consulting,exane bnp

    « The first two waves of the “Front Row” Barometer confirmed already the existence of an implicit hierarchy among top luxury brands and the others. Now, after France and China, the Barometer measured in its third year the exclusivity and desirability of top luxury brands amongst the wealthiest women in the US in the sector of women’s fashion (ready-to-wear, bags, shoes and leather accessories). The results outline that the Americans have a very special vision of luxury brands. Considering that Ralph Lauren occupying the first place in terms of penetration, followed by Chanel and Gucci, is not a surprise, the performance of Vera Wang is definitely noteworthy and needs to be emphasized: Indeed, the brand of the American fashion designer with Chinese roots, is ranked on 4th’s position, demonstrating therefore that the brand’s reputation now exceeds the world of wedding dresses, on which the designer brand from Now York initially based its fame, awareness and reputation.
    Prada, Versace, Louis Vuitton and Gucci occupy the top four ranks on exclusivity, which is proof enough - if proof was even needed - that the Italian fashion brands highly attract the US customers, while only Louis Vuitton manages to position itself on #3. Should we interpret this as the revenge of designer brands and family businesses as opposed to large international luxury groups? This special attachment to the founder’s personality is also reflected in the performance of Ralph Lauren, who ranks second in desirability despite not claiming to exclusivity. In order to qualify our statement, we need however to recognize the resilience of Louis Vuitton (3rd in exclusivity and 1st in desirability). The flagship brand of LVMH confirms and even strengthens its position on these two criteria that the brand had already obtained in our last two barometers, China and France. Therefore, Mr. Bernard Arnaud’s objective to make "Louis Vuitton, the most desirable brand in the world" does not seem out of reach. While occupying an excellent 3rd place in desirability (behind Louis Vuitton and Ralph Lauren), Chanel receives in terms of exclusivity a surprising 10th place from the wealthiest female customers in the USA, which is in particular due to the perception gap between the brand’s younger and older clients. The brand reveals itself to be less consensual in the US than elsewhere on this criterion.
    »

    Philippe JOURDAN,
    Associate of Promise Consulting, University professor and member of the American Marketing Association (AMA)

    METHODOLOGY

    The PROMISE – EXANE BNP "EXCLUSIVITY AND DESIRABILITY" Barometer has an international vocation and is renewed and published every year in several countries and on several luxury product in the universe of fashion and cosmetics (« soft luxury »). Both measured criteria – DESIRABILITY and EXCLUSIVITY – are based on a general model consisting of 24 key indicators which measure a brand’s performance from a customer’s point of view (« customer-based brand value »). This model, - called Monitoring Brand Assets®- is marketed by Promise Consulting for its numerous  clients in the sector of Fashion, Beauty and Distribution, who use the methodology in order to establish their marketing plans and measure their brand’s performance and return on investment (ROI).

    > Collection method: Online Access Panel
    > Period of data collection : June 2016
    > Country : USA
    > Univers : Luxury (prêt-à-porter, handbags, shoes, accessories, etc.)
    > Sample : 750 adult women (25-54 years old)  with a monthly household income of + 12 500$
    > Theme : BAROMETER PROMISE - EXANE BNP : LUXURY IN THE USA 2016
    > List : 22 evaluated brands
    > Measured indicators : Awareness, Penetration, Brand Image, Exclusivity and Desirability

    DESIRABILITY
    The brand desirability index is based on the brands which the respondents recognized among the presented ones. The desirability is measured according to the Likert scale with 7 points (and converted afterwards into an index), among the respondents who consider the brand as "ideal / close to their ideal" and those who think the brand is " not ideal / far from their ideal." It is then presented as the percentage of respondents who opted for the top 2 of the Likert scale, the notes 6 or 7. This scale was tested on its robustness, validity and reliability in an international and multicultural context.

    EXCLUSIVITY
    The brand exclusivity Index is constructed thanks to the brands which the respondents recognized among the presented ones. The exclusivity is measured according to a Likert scale with 5 points, increasing from “more accessible” to “more exclusive”. Such as for the desirability, the exclusivity score is equally converted into an index based on the % of respondents, who attributed the notes 5 or 4. This scale was tested on its robustness, validity and reliability in an international and multicultural context.

    USA : 1ST LUXURY GOODS MARKET DESPITE ITS LOW GROWTH AT CONSTANT EXCHANGE RATES

    A GLOBAL MARKET VALUE OF €237 BN ON PERSONAL LUXURY GOODS
    The global market for luxury consumer goods accounts for € 237 billion and represents therefore the second most important segment after luxury cars (€ 379 billion) and hotels (€ 165 billion), which is equivalent to nearly one quarter (24%) of the amount spent in all categories of the luxury sector together. (Source: Luxury Goods Worldwide Market Study, Bain, 2016).

    Global market value, luxury goods market, 2015

    USA: 1ST GLOBAL MARKET
    Considering the entire market of luxury consumer goods, the USA is ranked on the first place with almost 79 billion euros purchase (2014). The USA imposes itself on the other countries and is therefore far ahead of Japan (€ 20 billion), China (€ 18 billion), Italy and France (€ 17 billion). If growth remains important, the latter was since 2014 essentially due to exchange rate differentials between the dollar and the euro, wherefore the growth at constant exchange rates is zero.

    USA, first global market, luxury, countries

    USA: 2ND MOST IMPORTANT CONTRIBUTER TO THE MARKET GROWTH
    With their purchases on luxury consumer goods, US citizens have contributed between 2012 and 2015 to nearly a third of the growth in this market, wherefore the USA can be considered as the market growth’s second contributor, right after China. (Source: Bain & Co, Altagamma, Exane BNP Paribas analyses & estimates).

    USA, Contributer to market growth, Bain & Co

    DIGITAL AND LUXURY IN THE USA, A CONTRADICTION? NOT AT ALL!
    Today it is a fact that the luxury market exists beyond the boundaries of physical point of sales. For example, YOOX NET- A- PORTER GROUP is the perfect illustration of this trend. Thus, 49 % of the respondents claim having already bought luxury consumer goods online, either several times or at least once, while 28 % are planning on doing so very soon. (Source : Promise Consulting / Exane BNP).

    A MATCH BETWEEN ITALIAN AND FRENCH BRANDS UNTER THE ARBITRATION OF RALPH LAUREN

    AIDED AWARENESS: « FRATELLI D'ITALIA »
    The graphic on the left visualizes that 5 Italian brands are positioned among the top 10 ranking in terms of aided awareness, while only 3 French brands managed to do so. Gucci is clearly the winner in this category and benefits from an excellent media coverage accompanied by the faultless direction of the young Alessandro Michele.
    Although, during the financial year 2015-2016, the sales of Ralph Lauren fell by almost 3%, to 6.3 billion euros, the brand does not suffer from notoriety issues. In terms of notoriety the brand occupies position No. 2 and remains an industry benchmark in its country of origin.

    aided awareness, FRONT ROW Barometer, luxury USA, 2016, Promise Consulting

    In fact, wasn’t it the US Olympic team which was dressed in blue-white-red by Ralph Lauren at the opening and closing ceremonies of the Olympics in Rio? The arrival of Ralph Lauren’s new executive director Stefan Larsson, former head of Old Navy, will definitely encourage new strategies and marketing approaches for the iconic American brand. Chanel is ranked on the third position of the podium with the brand’s new muse Lily-Rose Depp (as it was already her mother) and saves therefore the honor of the French luxury houses. Finally, we note the emergence of Vera Wang on the 8th position in this ranking, who is well known as a specialist of wedding dresses, including the one of Sex and the City-star Carrie Bradshaw. In this ranking Internet purchases do not disrupt brand awareness, but confirms rather that online shoppers know more brands and that luxury becomes more attracted to digital media which involves the customers, making them even sharper concerning their knowledge of the brands in this sector.

    PENETRATION AND AIDED AWARENESS STAND INDEED IN RELATION TO EACH OTHER
    With a cumulative penetration of 63%, Ralph Lauren takes the lead on its national market. Far behind, with 43%, Chanel monopolizes the second position followed by Gucci with 41%. In the universe of women’s luxury fashion, the most well-known brands are consequently also the most purchased ones (the podium remains the same, only the order is reversed here).

    Finally, Vera Wang has wind in her sails and occupies with a cumulative penetration of 38% the bottom of the podium: the position of the New York designer with Chinese origin illustrates that the brand’s popularity goes far beyond the world of wedding dress, on which the designer initially established her image and reputation.

    EXCLUSIVITY : ITALIAN DESIGNERS ADHEAD OF THE FRENCH HAUTE COUTURE HOUSES

    By definition, exclusivity is associated with a unique know-how, a recognizable style and a creative and talented bias which can ultimately claim a higher price. In the collective unconscious, the French Haute Couture houses occupy therefore a special position, as we have already revealed in previous barometers, for China and France in particular.

    USA & EXCLUSIVITY: LOUIS VUITTON SURROUNDED BY ITALIAN DESIGNERS
    The exclusivity ranking (on the right) reveals clearly that the wealthiest American clients measure and perceive exclusivity according to other criteria than the French interrogated women did in particular in 2015 during the 1st wave of the barometer Promise – Exane BNP. Highly valuating the personality of the founders, as well as the creativity and personality of the artistic directors, the Americans classify two Italian brands before France’s first luxury house Louis Vuitton and far before the two French icons, Chanel and Dior.

    With its cultural patronage, sports sponsorship with the Louis Vuitton America's Cup World Series, and as newest member of the exclusive club Swiss watch houses, and through the launch of its new fragrances ... Louis Vuitton chooses a dynamic and diverse business strategy and communication, of which Uncle Sam’s country absolutely benefits. Meanwhile, Hermès, Chanel and Dior are positioned further back in the ranking.
    Flat for Hermès and Chanel, two statutory brands par excellence, which yet perform better among young American consumers (25-40 years) and which occupy the 4th and 5th position with the respectively scores of 75% and 74%.

    Exclusivity, Luxury, USA, 2016, Promise Consulting, Prada, versace, Louis Vuitton

    USA : A MARKET APART
    If the Italian luxury brands clearly occupy the US market on exclusivity, the French luxury houses - embodied by the "Big Four", Hermés, Louis Vuitton, Chanel and Dior - remain a reference in France and China. Design, creativity, heritage, tradition, brightness, quality manufacturing, strong media coverage and the notion of “Made-in-Italy” is a huge success in the USA. Hereby we emphasize on the fact that Gucci, to a 100% owned by the French group Kering, Prada, Versace and Armani are 100% Italian brands.

    USA, market differences, China, France, Luxury, 2016, Promise Consulting

    DESIRABILITY: A RANKING WHERE FRANCE CLEARLY TAKES THE LEADERSHIP

    While the American wealthiest customers fall in terms of exclusivity under the spell of the Italian designers Prada or Versace, both brands sacrifice their positions in desirability. Thus, Louis Vuitton (40%) occupies the top step of the podium, closely followed by Ralph Lauren (39%) on its domestic market, and Chanel (39%), the symbol of French luxury.
    Note also that Burberry rises on the 4th place (35%) due to its activeness on social networks such as Pinterest and Snapchat. Finally, Vera Wang, the New York specialist in dresses, monopolizes the 5th place (35%). On the other hand, Italian brands emerge not until the 6th position.
    France, USA, UK and Italy ... Considering the American melting pot in terms of demography, the Top 10 ranking on "desirability" saw the emergence of luxury brands from these four different countries.

    Desirability, Luxury, USA, Promise Consulting, 2016, Louis Vuitton, Ralph Lauren, Chanel

    MORE ABOUT PROMISE CONSULTING INC.

    Promise is a consulting and marketing group combining the following companies: Promise Consulting Inc., JPL Consulting and Panel On The Web. Promise integrates consulting services and surveys with a strong added value. The company has created an innovative methodology to measure the performance of brands and the ROI of investments centered on brands: Monitoring Brand Assets©. This methodology was deployed in over 35 countries to date, for 250 different brands from the most diverse sectors and has collected up to 1.000.000 online questionnaires.

    Based in Paris, New York and Casablanca, the group conducts surveys and provides consulting services all over the world. Promise is more particularly acknowledged for its expertise regarding the measure of brand equity (brand value) from the consumers’ point of view. Promise has successfully developed innovative methods and models that have been rewarded 7 times in 10 years by the profession, both in France and abroad. The group is consulted for the biggest brands in luxury, cosmetics and selective distribution to help their development on the domestic and overseas markets. Promise also operates in numerous business sectors, each time the brands establish a growth strategy to better understand their market, communicate with their consumers, seduce their customers and improve their loyalty.

    Promise’s CEO, Philippe Jourdan, is the chief-editor of the magazine Adetem, the French Marketing Review (RFM) since 2011. He publishes in academic international magazines on issues related to brand equity in luxury, beauty and selective distribution. He also publishes in the economic and news press (Le Monde, Les Echos, Le Figaro, l’Opinion, La Revue des Marques, etc.). Philippe is also a university professor, researcher at the IRG (CNRS) and was awarded for the best Research article AFM in 2000 and has equally a Social Media Certification. http://www.promiseconsultinginc.com/

    MORE ABOUT EXANE BNP

    Specialized in European shares, BNP Exane operates in three businesses:

    > The intermediation in investment of European shares
    > By-products shares named Exane Derivatives
    > The asset management via the fund management of investment of medium and long term

    BNP Exane mainly works with institutional clients all over the world (pension funds, administrators of funds for banks or for insurers, etc.) and markets its products to a vast range of customers' including administrators of private funds and investments advisers. Exane employs more than 800 people worldwide in offices in Paris, London, Frankfurt, Geneva, Madrid, Milan, New York, Stockholm and Singapore. The research teams of BNP Exane cover more than 600 big companies in the World and are regularly rewarded by Prizes for the high quality of cross-section analyses. For more information: http://www.exane.com.

    CONTACT PROMISE CONSULTING
    Philippe JOURDAN
    Tel : +33 1 78 09 03 64
    philippe.jourdan@promiseconsultinginc.com

    CONTACT PRESS - AGENCE79
    Dimitri HOMMEL-VIKTOROVITCH
    Tel : +33 1 41 10 21 57
    Mobile : +33 6 98 20 77 12
    dhommel@agence79.com

    Apolline GILLIOT
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  • Imprimer

    Spending on #beauty up in #China, despite cooling #economy [#mobile payments #online purchase #cosmetics #marketing #personalization #digitalization]

    Spending on beauty up in China, despite cooling economy

    By Lucy Whitehouse +, 27-Jul-2016, cosmeticdesign-europe

    Chinese consumers are still keen to spend on beauty in China, according to newly released research from Mintel, with the majority of those surveyed stating they spent more on facial skin care in 2015 compared to 2014.

    In 2014-2015 the total retail sales of cosmetics in China grew about 12%, as the article points it out and reached therefore the RBM 204.9 billion. According to Mintel the forecast for 2020: There will be still a high demand that will translate itself until 2020 into a RMB of 338 billion.  

    The senior beauty and personal care analyst at Mintel explains that Chinese purchases move to online retailing, wherefore marketing will be key success factor for Chinese beauty brands. The number of consumers using mobile devices when paying their beauty products has doubled during the past 2 years.

    As Chen believes “mobile is becoming the battlefield for beauty retailers”. The next challenge is therefore to engage customers through a pore personalized and targeted presentation of the offers.

    [READ THE ENTIRE ARTICLE]

  • Imprimer

    @L’Oreal confirms offer to buy #niche thermal water skin care player [ #skincare #cosmetics #thermalwaters #acquisition #L’Oréal]

    L’Oreal confirms offer to buy niche thermal water skin care player

    By Simon Pitman+, 15-Jul-2016, Cosmeticsdesign-europe

    The world’s biggest cosmetics company has confirmed that it is going ahead with the acquisition of a tiny France-based skin player with a very long name: Société Des Thermes de Saint-Gervais-Les-Bains.

    The article outlines that the acquired company has a hypoallergenic skin care portfolio formulated for sensitive skin types and contains safe preservatives that guarantee the formulation’s security and tolerance.

    The range constitutes six different product lines from famed thermal waters: Cleansing, redness and irritations, greasy skin types and a treatment for acne, sun care and anti-ageing.

    [READ THE ENTIRE ARTICLE]

  • Imprimer

    @L’Oréal’s wearable #UV patch finally launched [#launch #technology #innovation #sunrays #suncare #sunexposure #UVradiation #LaRochePosay]

    L’Oréal’s wearable UV patch finally launched

    By Lucy Whitehouse +, 10-Aug-2016, cosmeticsdesign-europe

    L’Oréal has launched its long-awaited wearable UV patch technology allowing consumers to monitor exposure to harmful sun rays with a view to encouraging consumption of its La Roche-Posay sun care range.

    This band aid-sized device is comprised of an ultra-thin heart-shaped sensor for UV radiation detection and was developed by a team of 25 researches across the world. It is intended to be launched in 16 countries and available for purchase on the La Roche-Posay website.

    According to Guive Balooch, Vice President of L’Oréal R&I’s Connected Beauty incubator, “The connected technologies can fundamentally change the way we monitor exposure of the skin to various external factors such as UV rays”.

    Details of the UV patch:

    -          Printed electronic circuit on a flexible film

    -          Contains photosensitive blue dye for color changes when exposed to UV light

    -          Sensor linked to app for UV measurement over a certain time period

    [READ THE ENTIRE ARTICLE]