Page 56 - CTI 79_EN
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                                   Why does this idea work so      Being ambitious works really
                               well, though? First of all, they are   well too, though. Bvlgari, which has
                               venturing in one of Japan’s and Asia’s   seen a 150% revenue growth between
                               most  cherished  territory:  food.   1997 and 2003, has been taking over
                               Asians love good food. The Japanese   all major fashion cities with its Bvlgari
                               food culture is backed by centuries   Hotel franchise. Its Shanghai location
                               of mannerism and tradition. Partner-  is the epitome of luxury. It is the per-
                               ing up with a local chef was Louis   fect representation of the Italian
                               Vuitton ’s way to say “We want to do   “dolce vita’ and it shouts it from his
                               business,  but  we  see  you.  We  value   rooftop with a skyline view.
                               your culture and we will not overshad-  Both Bvlgari and Louis Vuitton
                               ow your food culture and put in second   have high end target customers.
                               place.” Being humble worked.
                                                               New type of relationship
                                  It brings in a                   By  building restaurants and

                          different kind of                    hotels, they have improved their
                                                               relationship with existing customers,
                  person who wouldn’t                          but have also made themselves more
                                                               approachable other audiences: men.
                 necessarily be drawn                          They may not be on the front line
                                                               when it comes to shopping, but they
                                   to the shop.                may be keener on taking their wives
                                                               or business partners to a world rec-
                                                               ognized, high end venue.
                                                                   Higher middle class customers:
                                                               switching the environment from a four
                                                               stories flagship store to an elegant
                                                               dining location may help brands break
                                                               the barrier high fashion has built
                                                               since its establishment.
                                                                   Fashion Maisons are changing:
                                                               haute couture is transitioning to ready
                                                               to wear. Brands are decreasing the
                                                               power distance from their costumers,
                                                               they are becoming more down to earth,
                                                               relatable and approachable, attracting
                                                               a whole new clientele demographic.


















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