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Company
History
Since
1880, when René Lalique began his career as a jeweler, his
revolutionary creations and magnificent artistry have established
a legacy of exceptional design and unrivaled beauty. For over 100
years, Lalique’s works of art have been manufactured in Alsace,
France, by generations of award winning glass Masters. Lalique proudly
offers crystal objects d’art, vases, stemware, interior design
and jewelry.
Case
Study Concept
Lalique
asked the students to build a 3-year business strategy to further
develop and grow Lalique’s current jewelry line in North America.
This included researching and analyzing the current state of the
market and developing future plans for a distribution channel, possible
retailers, merchandising, event concepts and sales specialists’
incentives. Finally, the students were asked to design a small collection
that Lalique’s product development team in France will review
and possibly attempt to produce in the future.
Design,
Business and Marketing Plan Solution
Starting
with a brand awareness study and customer research, the students
concluded that the key strengths of the Lalique brand were great
design, unique craftsmanship and a strong association to luxury
and art. It was also found that repositioning the brand as one that
designs aspirational jewelry was necessary: this would appeal to
the affluent Lalique customer as well as a new audience.
After consulting with Lalique on three design concepts,
the theme of Femme Fatale was retained to support the team’s
strategy. The Femme Fatale is interpreted as a symbol of power,
unrestrained passion, mystery and confidence. The visual identity
of the Femme Fatale goes back to early Lalique designs with a dark
and almost gothic universe and emphasizes seduction and luxury.
The team presented jewelry designs under three distinct lines of
Femme Fatale: Black Widows, Poison and Thorns.
The recommended strategy over three years aims to
position Lalique as a highly desirable luxury brand notorious for
their jewelry. The first year will introduce the most expensive,
unique, high-design line. To follow, more accessible pieces will
be offered to attract a broader customer. Creative marketing will
support the Femme Fatale plan including a high profile unveiling
in New York, while mobile and pop up stores and a dedicated web
site will create a buzz around the mysterious Femme Fatale.
The
team worked in an integrated and supportive fashion, leveraging
the diverse skills of the Parsons and Columbia Business School students.
A major benefit of this project for the students is the first hand
understanding that success in the business of luxury builds on the
harmonious combination of design, marketing and business skills.
The
Lalique Project Team
Andrea Chan, Columbia Business School
Emre Ekmekci, Columbia Business School
Shirley Lee, Columbia Business School
Pierre Mordacq, Columbia Business School
Neenu Sharma, Columbia Business School
Sapana Talwalkar, Columbia Business School
Tiffany Ang, Parsons The New School for Design
Danielle Dinelly, Parsons The New School for Design
Savitri Lopez-Negrete, Parsons The New School for Design
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