The document discusses the life cycle of luxury brands, noting that unlike typical products, luxury brands do not have a defined date of birth or linear life cycle. Luxury brands must reinvent themselves over time to remain relevant by expanding into new categories or redefining their existing category. Even after the original founders pass away, luxury brands can continue to live on and be reborn through revivals that recreate the dream aspect of the brand.
The document discusses the life cycle of luxury brands, noting that unlike typical products, luxury brands do not have a defined date of birth or linear life cycle. Luxury brands must reinvent themselves over time to remain relevant by expanding into new categories or redefining their existing category. Even after the original founders pass away, luxury brands can continue to live on and be reborn through revivals that recreate the dream aspect of the brand.
The document discusses the life cycle of luxury brands, noting that unlike typical products, luxury brands do not have a defined date of birth or linear life cycle. Luxury brands must reinvent themselves over time to remain relevant by expanding into new categories or redefining their existing category. Even after the original founders pass away, luxury brands can continue to live on and be reborn through revivals that recreate the dream aspect of the brand.
Coco Channel/Gabriel Chasnel born 1883 No 5 born 1921 When was Channel brand born?
Its Not Linear
Amity Business School
Its not constant
Must reinvent and recreate the GAP Gucci: Close to fashion and accessories Aston Martin/Maserati: Other sectors Redefine category Lighter lost status ST Dupont Pens
No Final Death
Amity Business School
Gabriel Chasnel died in 1971 but Coco
Channel lives on Bugatti was once buried has revived. Recreate and dream aspect Egs of rebirth Balenciaga Lanvin Nina Ricci Aston Martin Maserati