24 Nov 2010

MA Diary - Annual Luxury Conference

The International Herald Tribune’s annual luxury conference brought together in London two dozen of the industry’s most esteemed creative and corporate executives,who offered their interpretations of ‘heritage’. When the event’s host, Suzy Menkes, first introduced the two-day London event, the celebrated fashion editor acknowledged that the definition of this year’s theme was “as slippery as the precise meaning of luxury.”

And while there were of course several common threads which were woven through the many speeches and round-table discussions on stage – such as the notion of authenticity based on a brand’s past values – it was striking to see just how diverse each speaker’s approach to harnessing heritage could actually be. Here are just a few highlights in their own words:

Angela Ahrendts, CEO of Burberry

2326_angela_small
Reminiscing about her very first lunch meeting with Christopher Bailey five years ago as the pair set the course for the company’s future by leveraging the brand’s heritage icons (such as the prorsum knight, the check and the trench coat), she said: “We needed to connect the dots from the Prorsum catwalk collection to the millions of polo shirts we sell. The same customer should be wearing these, not multiple customers.”

Christopher Bailey, chief creative officer of Burberry

2327_christopher_small
“We needed to elevate and innovate those (brand) icons,” he said, likening Burberry to a beautiful diamond that had been trodden into the ground, just waiting for someone to polish each facet of the gem to help it to sparkle again. “If we were going to elevate this “dusty diamond”, we needed a razor-sharp vision.”


Patrizio di Marco, CEO of Gucci

2328_patrizio_small
When an audience member suggested that the company’s ‘Artisan Corner’ retail event project (which sees artisans travel to Gucci shops around the world making luxury goods ‘live’ in front of customers) was misleading like Louis Vuitton’s banned advertisement of hand-stitched handbags, he defended the strategy:

“What we have in the stores is not fake, it’s real. It truly implies a lot of work – manual work….I had people who told me that to bring artisans to the shops would be a bit cheesy, [well, it] may be but it’s real. I had people, old, young and even kids who just stood in front of these work benches of artisans making a jacket or a bamboo bag,… They were really moved. I can’t bring the whole world to Florence so I’m trying to be as clear as possible with this and many other references. Believe me, if you come to Florence, we are real.”

Paul Smith, designer

2329_paul_small
With his trademark self-deprecating style and kooky delivery, Smith pointed out that heritage, like the word luxury, is now overused in branding circles by poking fun at a “Heritage Festival” in Texas which was founded only in 2007. But he also reminded the audience that those luxury brands which we now call heritage brands were all at one point or another upstarts with no heritage to fall back on.

“The new boys – Dolce & Gabbana, Ralph Lauren, Marc Jacobs and me – we have to work out what our heritage is and how people will develop it in the future. What I’ve tried to do is get the balance right between the more classical luxurious things, the more everyday things and things that the young guys would wear.”

Mary-Adair Macaire, CEO of Pringle

2330_maryadair_small
On heritage: “Just because you had it in the past doesn’t mean you still have it today. And even if you have it doesn’t mean that you can sell it.”

On the codes of heritage: “Identify them, use them, even abuse them but don’t lose them.”




Margherita Missoni, accessories designer for Missoni

2331_missoni_small
“What I want to do is bring Missoni back to the time when…. it was rule-breaking,” she said, retelling the story of how her grandparents were “kicked out of Florence fashion week” in the late 1960s because they were considered too risqué by the establishment. “Only afterward it became a classic. There are other brands which maybe disturb you at first but they grow on you so what I would like to do is bring Missoni back to that. Eventually they’ll get used to the idea of our show not necessarily being pleasant at first sight.”

Unlike other designers working for big houses, she said, as the third generation of the family to get involved creatively, “I didn’t have to adapt my aesthetic to Missoni. I might have a different style but I have the same taste.”

Karl Lagerfeld, designer

2332_karl_small
On the legacy of Coco Chanel: “She was not only a designer but also a woman of her times. But she made mistakes at the end of her career. When the 60s started, she forgot that elegance had to change too. So she decided that miniskirts were horrible. Her standards were completely different. She said, ‘I asked men and not one man told me they love miniskirts’. Nobody dared to tell her. She said blue jeans were horrible too… Nobody wanted to be told by an old lady that miniskirts and jeans are no good. The result was that she lost her power.”

On designing for brands with different heritages: “When I took over [Chanel] everyone said don’t touch it; it’s dead. In a way it was a sleeping beauty…..but [my involvement later] became a blueprint for many others like Tom Ford for Gucci or Alber for Lanvin. I have more than one personality. People think I’m on such an ego trip. But I’m not. It’s a very strange gift. I can get out of people what they want to express but can’t."

On heritage: “I have no archives, I keep nothing. Other people can do that for me. I like now….I never think of what’s going on after me. I never think of what’s next. I only think of the moment."

18 Nov 2010

MA Diary - LVMH







The most powerful luxury conglomerate at the moment is LVMH, so I believe it comes as no surprise that I would be interested in finding more about it. Here are some facts about the company and other information I found relevant to my studies:

The group is is a French holding company and the world's largest luxury goods conglomerate. It is the parent of around 60 sub-companies that each manage a small number of prestigious brands. These daughter companies are, to a large extent, run autonomously. The group was formed after mergers brought together champagneproducer Moët et Chandon and Hennessy, a leading manufacturer of cognac. In 1987, they merged with fashion house Louis Vuitton to form the current group.

Christian Dior, the luxury goods group, is the main holding company of LVMH, owning 42.38% of its shares, and 59.3% of its voting rights. Bernard Arnault, majority shareholder of Dior, is Chairman of both companies and CEO of LVMH. His successful integration of various famous aspirational brands into the group has inspired other luxury companies into doing the same. Thus Gucci (now part of the French conglomerate PPR) and Richemont have also created extended portfolios of luxury brands.

LVMH's brands include:

  • Perfume
    • Parfums Christian Dior
    • Guerlain
    • Parfums Givenchy
    • Kenzo Parfums
    • Laflachère
    • BeneFit Cosmetics
    • Fresh
    • Make Up For Ever
    • Acqua di Parma
    • Perfumes Loewe


12 Nov 2010

MA Diary - Ralph Lauren's 4D project


Ralph Lauren presents ‘a collision of fashion, technology, art, commerce and architecture’ to celebrate the 10th anniversary of their e-commerce site. I found this news deeply captivating and relevant to the luxury industry in general, and to my portfolio and research, in particular.


Ralph Lauren has recently dominated online luxury media, with the unveiling of its 4D initiative in London and New York. A large-scale art, fashion and architecture digital installation project, it was developed to celebrate what organisers called ‘a decade of digital innovation’.

The buildings were able to give the impression of disappearance, transformation and animation, accompanied by fourth dimension sensory effects such as sound (music), touch (breezes) and smell (wafts of the brand’s fragrance collection), timed in sequence with the show.

Whether one likes or dislikes the end result, its impact is unquestionable. Ralph Lauren has sought to break digital barriers on a global scale and achieved a high level of brand awareness. It garnered an enormous amount of coverage in just a few days since it premiered and will no doubt be talked about for many more months to come.