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Company
History
Louis
Vuitton started out in Paris building a lucrative made-to-order
luggage business for the affluent in Parisian society. Almost two
centuries later under the guidance of Mr. Bernard Arnault, the Louis
Vuitton brand has evolved into a world leader in luxury goods and
a cornerstone of LVMH, a global luxury conglomerate.
Case
Study Concept
Louis
Vuitton wants to expand its travel business. Students from the Columbia
Business School and the Parsons The New School for Design were asked
to develop a comprehensive marketing strategy to promote the LV
luggage line.
Design,
Business and Marketing Plan Solution
The LV team was responsible for identifying opportunities
to increase sales in the travel segment. After in-depth research
on the travel luggage sector and competitive analysis in the travel
industry, the team found out there is still room for growth for
LV’s travel business and developed a strategy that comprised
of 3 components. First, promote LV’s made to order travel
business. Second, refine LV’s travel collection visual merchandising
initiatives, both in LV boutiques and department stores. And, finally
target the affluent and male executives through a repositioning
of the current marketing and communication strategy and product
modifications. To achieve this, the team suggested launching three
marketing initiatives: LV Space, LV Eco-Island and an Inspiration
Book. The campaigns are designed to emphasize the travel aspect
of the LV product line and offer the opportunity to purchase made-to-order
products. In addition to the campaigns, team suggested launch of
a modified product line, “The Taiga Man” to target the
affluent business man.
LV project
created a unique opportunity for students from both schools to apply
their talents and passions in design and business, hone in on their
skills in leadership, team building and above all sharing of creative
ideas in the milieu of the luxury and travel industry.
The
Louis Vuitton Project Team
Hamish
Burt, Columbia Business School
Jenny Jia, Columbia Business School
Nancy Liu, Columbia Business School
Derya Ozkaya, Columbia Business School
David Wu, Columbia Business School
Selim
Burcoglu, Parsons The New School for Design
Taylor Davidson, Parsons The New School for Design
Silja Rendlen, Parsons The New School for Design
Amanda Sternberg, Parsons The New School for Design
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