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Company
History
CHANEL,
the international luxury goods company, was founded in France in
1911 by Gabrielle “Coco” Chanel. Today, after nearly
a century of continuous operations, CHANEL remains one of the world’s
preeminent fashion businesses worldwide. Under the current design
leadership of Karl Lagerfeld, the House of CHANEL remains dedicated
to luxury, fashion, style and image.
Case
Study Concept
The
Fashion division of CHANEL markets handbags through CHANEL boutiques
and wholesale distribution through department stores and specialty
retailers. The students’ plan kept the company heritage in
mind as well as CHANEL’s dedication to quality in manufacturing
and service, high quality packaging and attention to detail. The
team also focused on communicating a consistent message regarding
the current brand attributes while repositioning CHANEL for a new
generation of young, wealthy consumers.
Marketing
Plan Solution
The
team’s challenge was to develop the launch and marketing plan
for a new CHANEL Travel Line with a target customer of the younger,
affluent and fashion-involved (age 18-35) woman likely making her
first CHANEL handbag purchase. Durable, luxurious and sexy, the
Travel Line could be used for business, weekend getaways or vacations,
making it a staple accessory for the target customer. To determine
the lifestyle and interests of this young, affluent customer, the
team conducted surveys and focus groups exploring the concepts of
“experiential marketing,” and built the findings into
the marketing plan and launch ideas.
Integrating
the company’s brand history was important in building a strong
product launch story so the team incorporated CHANEL’s rich
history, using its founder’s name, “Gabrielle,”
as the concept for one of two proposed campaigns. The second, “Where’s
that Bag?” focused on showcasing the new product in the context
of adventures taken by an unseen woman traveling with her CHANEL
travel bag. With the thematic approaches in mind, the team created
a marketing plan that would build anticipation around the new line
as well as reinterpret CHANEL for the younger customer.
The
marketing plan will focus on some traditional print for teaser ads,
and generate excitement about the launch and the brand through innovative
communication channels, ranging from a microsite to teaser ads in
the form of “video billboards.” The plan will also rely
on the involvement of young celebrities who embody the spirit of
CHANEL travel line and will help reposition the brand for the target
audience.
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The
Chanel Project Team
Gabriela Barufi, Columbia Business School
April Cao, Columbia Business School
Evan Chou, Columbia Business School
Stephanie DeSantis, Columbia Business School
Aparna Mukherjee, Columbia Business School
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