Mulberry says terrorism and election uncertainty may have hit UK sales

Fashion brand hails second year of growth but chief says general election and attacks may have led to lower footfall at UK stores

LVMH enters the highly competitive luxury e-commerce segment. A successful entry could shake up everything

The world’s biggest luxury goods group steps up the digital side of its business. 24 Sevres, LVMH’s multibrand website and mobile app, will go live on June 6 in more than 70 countries.   Parisian department store Le Bon Marche is the inspiration behind LVMH’s new venture into luxury e-commerce. The multi-brand e-commerce website named … Read more

2017 LVMH Innovation Award to give startups the opportunity to make the luxury sector evolve

LVMH Innovation Award for start-ups will open the doors to Luxury Lab at Viva Technology 2017. Apply online and start the journey.

LVMH prize for innovation 2017
LVMH Innovation Award searches for fresh ideas. The inaugural LVMH Innovation Award to be launched at Viva Technology 2017.

In conjunction with the second edition of the Viva Technology 2017, LVMH Luxury Group will present an award to a start-up from the luxury-related sector. LVMH will open the doors to Luxury Lab again this year and engage even more deeply with the start-up ecosystem by launching the LVMH Innovation Award, which will recognize a start-up from France or another country.

The 2016 Viva Technology show drew over 45,000 participants and 5,000 start-ups. LVMH created the Luxury Lab for the event, a 500-square-meter space dedicated entirely to the luxury industry that welcomed around 40 start-ups.

The second edition of Viva Technology, the global rendezvous for game-changing digital transformation, is set for June 15-17, 2017 in Paris. This high-profile event – of which LVMH is a partner – provides an opportunity for leading businesses to engage with and build strong relationships with start-ups to help them grow.

“Support for young businesses is a tremendous driver for excellence across LVMH and a major source of innovation that contributes to the success of our Maisons,” noted Bernard Arnault, Chairman and Chief Executive Officer of LVMH.

The LVMH Innovation Award is open to any company created less than 5 years ago with a valuation of less than $100 million and whose business has a connection with LVMH Group sectors. Candidates are invited to apply online from 21 February to 31 March on the “LVMH Innovation Award” page of Viva Technology website.

A committee of experts representing LVMH Maisons, start-ups and investors will select a shortlist of 32 start-ups invited to be part of the LVMH Lab during the three-day event, giving them a chance to pitch their ideas and model to a broad audience. One of them will receive the first LVMH Innovation Award at the close of Viva Technology, and will meet LVMH Group teams in charge of private equity investments and discuss potential relationship with the Group and its Luxury Maisons.

LVMH prize for innovation 2017-

Luxury spending trends of the past year. Report

The beauty, fine wines and spirits, and fine food segments all grew, reflecting a redirection of luxury spending away from goods and toward personal pampering and experiences. Last 12 months, the luxury consumption shifted away from goods and toward experiences such as travel and gastronomy, which grew faster than luxury goods by at least 5 … Read more

Talent search: Moët Hennessy Louis Vuitton is kicking off the 4th edition of its prestigious prize

40 world-renowned fashion professionals, photographers, buyers, journalists, stylists and models, including Carine Roitfeld, Suzy Menkes and Karlie Kloss are on a new mission to mentor and support emerging design talent. LVMH announced the fourth edition of the LVMH Prize for Young Fashion Designers. The 2016 edition saw the Anglo-Jamaican designer Grace Wales Bonner take home … Read more

Is Yoga Relevant to Luxury Branding?

 

by Philippe Mihailovich.
marque-and-luxe-by-audrey-kabla-launch-january-2017

Audrey Kabla, author of the new book Marque & Luxe, is not the usual high-flyer that one usually encounters from the rank and file in the field. She got off to a good start whilst studying for her business degree by having a 6 month stint at Christian Dior Couture followed by an international marketing and sales assistant job at Hilton in Chicago , completed a Luxury MBA at the ESG in Paris and landed a job at Smartbox as a product development manager to create luxury gift boxes before joining Tellus watches as an International Sales and Marketing Manager. Before the year was out, she found herself in the position of International Brand Manager for the Timex Group and two years later as Head of the Luxury marketing & communication Master of Sup de Pub, a leading Paris business school that prepares students for the advertising world whilst simultaneously founding Epykomène, a ‘House of Luxury marketing & French know-how worldwide’.

The secret of her quick rise can perhaps be attributed mostly to her creation of what she calls, “the YUXA concept” which is primarily the application of yoga principles to brands. Let us keep in mind that the Ig® Nobel Prize * for Economics was recently awarded to a team of New Zealand scientists who investigated brand personality tests and proved that respondents can attach human characteristics to rocks in their paper “The Brand Personality of Rocks” (1)

Of course, to a scientist, a rock cannot possibly have a personality, let alone a bottle of shampoo or a fragrance, however one only needs to speak to jewellers and stone sculptors to see that they indeed try to understand a rock before cutting it into something. A perfumer certainly aims to create a brand with ‘character’ just as architects aim to create hotels packed with personality. The human being relates to the world around him in a way he can relate to, a human way, so he may see his car as having a personality as much as he may identify with the personality of his dog.

“We humans have made some Luxury brands iconic”, Audrey argues. “We are loyal clients, we are promoters, we are lovers and believers. Some brands are way closer to us than other human beings, we trust them more. A few of them, we even consider like family, like close friends, like someone who won’t disappoint us. We use brands to dream, feel better, feel less lonely, feel driven… This is a fact, we have sacralised Luxury brands to compensate on some social pillars links that are suffering a bit today (religion, marriage, family)”.

Radiatereal.com offers to show how “the seven brand chakras” can apply in “a personal branding and business development program for heart-centred entrepreneurs” and Dr. Kunal Banerji of brandchakra.com offers “management therapy” to “explore new branding opportunities through new age brandology modules”. Even in Australia, Soulspace, Brisbane are offering Business Chakra Workshops as is Brianna Rose Branding who offers “business chakra healing” which only goes to show that Audrey could be onto something indeed.

“A brand is like a human being”, Audrey continues, “It has a name, values, history, dreams, ambitions, personality… so it behaves like a human being. In 2016, what people are looking for is being themselves, being happy and building something pure and unique and so do Brands. Instead of being focused on our image, let’s cherish our inner self: in a company it can be embodied by our brand, our products but also our collaborators and clients.”

Yogapassion.com offers an interesting diagram to illustrate the “qualities associated with the chakras (see below) in which one can see words familiar with the marketing profession such as Awareness and Communication although clearly the meanings are very different i.e. awareness of self is not the same as aiming for brand awareness amongst consumers. Yoga is very inner-directed whilst marketing tends to be outer-directed. Branding used to be a part of marketing. Today one can argue that marketing is merely a part of branding. Contemporary brands, not luxury brands alone, are expected to have a sense of purpose, a philosophy, be meaningful, and therefore project a heart and a soul.

the-chakras-map
chakra map from Loveballs.co

“Yoga is a very good way to do that”, Audrey explains. “People find happiness, balance & creativity in taking care of themselves. While aligning their body with their soul and heart, we are in movement while celebrating the present moment. We are focusing on who we are, who/what makes it happen and our very own pleasure of practice via meditations, postures and chakras opening. I have applied the precepts of Yoga into luxury marketing like an everyday way of life, way of work, way of love. That became the YUXA”.

“In the book the brand will have the practice for opening the Brand chakras as described under the 7 shades of Luxury. Every practice is unique as every brand is, and those 7 shades of Luxe with their codes and meditative advice can be applied to any Luxury brand that is looking to treat herself and everyone that believes and loves it”, she adds.

In the Book, the first “shade of YUXA” is in fact the crown chakra or “tiara” that Audrey links to the ‘heritage’ of a luxury brand. Shade 2 is the third eye that Audrey links to a luxury brand’s “know-how”. Shade 3, the voice or throat chakra, she links to the brand’s “emotions”. Shade 4, the heart, she links to the “service’ aspect of the brand. Shade 5, the stomach or solar plexus, she links to the ‘exclusivity’ aspect of the brand, whilst Shade 6, the sacral chakra she associates with the ‘avante-gardiste’ or innovative trait. Finally, Shade 7 the base or root, she links to ‘prestige’. One can wonder why Prestige is not the first Shade and Heritage or Pedigree the 7th Shade?

marque-and-luxe-by-audrey-kabla-launch-january-2017-the-book

“My points are”, she states, ”How can Luxury brands activate their role as objects of cult (that WE have make them as)? How can they empower us in a timeless and genuine way? How to make sure Luxury brands can sustain their success as well as the dreams of their believers.”

Surely there can be no harm in trying to apply the chakras to brand analysis and strategy. Should it apply to luxury brands only? Clearly luxury brands lend themselves more to this on the grounds that they are expected to be primarily handcrafted with passion, as opposed to industrial brands. Applying chakra principles could certainly help to improve the inner-brand but its hard to see how they apply to building relationships with the clients. Aspects of love are not inner-directed emotions, but are fundamentally linked to sharing. A true luxury brand generously considers its clients first as with gift-giving or offering a selfless gesture.

No doubt the yoga approach will be more attractive to brand directors who practice yoga whilst it is likely to deter those that are not yoga-orientated. If however, the trend is towards chakra-analysis, we should certainly expect to see yoga teachers evolving into brand consultants and specialized brand practitioners having to learn about yoga. I know that I won’t be one of them.

* The Ig Nobel Prizes honor achievements that first make people laugh, and then makes them think.  The prizes are intended to celebrate the unusual, honor the imaginative — and spur people’s interest in science, medicine, and technology.
(1) https://www.marketingscience.info/4129-2/

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