Contents

Introduction

Chapter 1: The Concept of Luxury

A Problematic Definition

Chronicle of a Semantic Evolution

Classification of Existing Definitions

Luxury Values

True Luxury, Intermediate Luxury

Luxury, Being and Appearing

Five Sources of Legitimacy

Conclusion

Chapter 2: Specificities of the Luxury Industry

What Is So Different About the Luxury Goods Industry?

The Key to Success in Luxury Goods

The Major Operators

Chapter 3: Major Luxury Sectors

Ready-to-Wear Activities

Perfumes and Cosmetics

Wines and Spirits

The Watch and Jewelry Market

The Leather Goods Market

The World of Hotels and Hospitality

Conclusion

Chapter 4: The Power of the Luxury Brand

The Value of a Brand

The Characteristics of a Brand

The Brand and Its Signs

The Legal Aspects and the Defense of a Brand

Chapter 5: The Luxury Client

Who Are the Luxury Clients?

The Excursionists

The New Consumer

Are Clients from Different Nationalities Similar?

The RISC Study

Chapter 6: Brand Analytical Tools

Brand Life Cycle

The Birth of a Brand

Growth of a Brand

Brand’s Maturity

Decline, Relaunch, and Death

Brand Identity

A Still-Too-Unfamiliar Concept

Other Analytical Models

The Limits of the Concept of Identity: Strategic and Operational Implications

Chapter 7: Managing Creation

The Nature of Creative Activities

Managing the Product

Brand Aesthetics

Brands and the Arts

Chapter 8: Communication

Obsolescence of the 4Ps

Advertising

PR, Events, Promotion, and the Internet

The Place of the Product

Company Behavior

Actual Consumers

What Is Good Communication?

Chapter 9: International Distribution

International Distribution Systems

The Different Distribution Systems

Price Structures

The Advertising Budget and Advertising Policies

The Special Case of Duty-Free Operations

The Parallel Market: Reasons and Consequences

Chapter 10: Retailing

Background Analysis

Retailing in the Luxury Field

The Store as a Communication Tool

The Retail Model versus the Wholesale Model

Chapter 11: Licensing Strategy

Brands Developed Exclusively Through License Deals

Sectors in Which the Majority of Brands Use Licensing Deals

Companies Specializing in License Contracts

The Process of Development Under License

Conclusion

No Place in the Middle

Bling-Bling Will Prosper

The Strengthening of Custom Products

The Extension of the Concept of the Luxury Experience

The Century of Asian Luxury

Index

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