Portfolio Entry 1: Characteristics of luxury brands
1.1. Briefly introduce the concept of luxury brands
Luxury brands hold a distinctive position in the market, embodying prestige, exclusivity, and exceptional quality. Unlike conventional brands, luxury brands are not merely products; they represent a lifestyle, aspiration, and status symbol for consumers. These brands are characterized by their unparalleled craftsmanship, heritage, and meticulous attention to detail, which elevate them beyond ordinary goods and services. The allure of luxury brands lies in their ability to evoke emotions, convey status, and create an aura of exclusivity that resonates with consumers seeking sophistication and refinement. Whether it's haute couture fashion houses, high-end automobiles, or luxury hospitality, these brands command a premium price and enjoy unwavering loyalty from discerning clientele. In this portfolio entry, we delve into the distinct characteristics that define luxury brands, exploring what sets them apart from mainstream offerings. By understanding these defining traits, we gain valuable insights into the essence of luxury branding and its enduring appeal in the global marketplace. 1.2. Characteristics differentiating luxury brands Luxury brands possess several distinguishing characteristics that set them apart from other types of brands, contributing to their allure and exclusivity. De Barnier et al. (2012) identified seven distinctive characteristics that set luxury brands apart from conventional ones: exceptional quality, hedonism (emphasizing beauty and pleasure), high price point, rarity (not to be confused with scarcity), selective distribution coupled with personalized services, exclusive aura (signifying prestige and privilege), and creativity. Kapferer and Bastien (2012) further emphasize that meeting all seven criteria is essential for establishing a luxury brand and distinguishing it from other types of products. Exclusivity and Rarity: Luxury brands thrive on scarcity and exclusivity, deliberately limiting their production and distribution to maintain a sense of rarity. This scarcity amplifies the desirability of their products, creating a perception of luxury as something inaccessible to the masses. Jean-Noël Kapferer, in his seminal work "The Luxury Strategy," emphasizes the importance of scarcity in luxury branding, highlighting how it enhances brand mystique and allure (Kapferer & Bastien, 2012). This strategic approach is echoed in Keller's research on managing the growth trade-off in luxury branding, where he discusses the delicate balance between growth and maintaining exclusivity (Keller, 2009). Luxury brands leverage scarcity to cultivate an aura of prestige and elitism, appealing to affluent consumers who seek uniqueness and status symbols (Kotler & Keller, 2016). High Perceived Value and Quality: Central to luxury branding is the notion of uncompromising quality and craftsmanship. Luxury brands prioritize excellence in materials, design, and production processes, resulting in products that are synonymous with superior quality and enduring value. Kapferer's insights on luxury branding emphasize the significance of craftsmanship in fostering brand loyalty and differentiation (Kapferer, 2014). Additionally, Keller and Swaminathan underscore the importance of delivering consistent quality to maintain brand equity and customer trust (Keller & Swaminathan, 2019). Luxury brands invest heavily in research, innovation, and artisanal skills to ensure unparalleled quality, positioning themselves as purveyors of excellence in their respective industries. Emotional Connection and Storytelling: Luxury brands excel in evoking emotions and crafting aspirational narratives that resonate deeply with consumers. Through storytelling, these brands go beyond mere product features and benefits, creating immersive experiences that forge emotional connections with their audience. By tapping into desires for status, exclusivity, and sophistication, luxury brands cultivate a sense of aspiration and desire among consumers. Storytelling serves as a powerful tool for enhancing brand identity and fostering loyalty. Through compelling narratives, luxury brands convey their heritage, craftsmanship, and values, captivating consumers and leaving a lasting impression. By immersing customers in a narrative that transcends the product itself, brands can strengthen their emotional bond with consumers, fostering long-term loyalty and advocacy. In essence, emotional connection and storytelling are integral components of luxury branding, enabling brands to engage with consumers on a deeper level and differentiate themselves in a crowded marketplace. By weaving narratives that evoke desire, admiration, and aspiration, luxury brands create a sense of belonging and exclusivity that resonates with their discerning clientele. In summary, the characteristics of exclusivity, quality, and heritage distinguish luxury brands from their counterparts, shaping their identity and appeal in the marketplace. These traits are not only intrinsic to the products themselves but also integral to the storytelling and brand narrative that surrounds them, cementing their position as symbols of prestige and luxury. 1.3. Brand case study example Rolex, a revered name in the luxury watch industry, exemplifies the quintessential characteristics that define a luxury brand. Central to its identity is the notion of exclusivity and rarity. Rolex carefully manages its distribution channels and limits production, ensuring that its timepieces retain their coveted status. Limited edition releases and stringent criteria for authorized dealers further augment the brand's aura of exclusivity, making owning a Rolex a symbol of prestige and privilege. Beyond exclusivity, Rolex is synonymous with unparalleled quality and craftsmanship. Each timepiece undergoes rigorous testing and meticulous attention to detail, resulting in watches that are not just accessories but heirlooms meant to be passed down through generations. The brand's commitment to quality has solidified its reputation for precision and reliability, contributing to the high perceived value of Rolex watches. What truly sets Rolex apart is its ability to forge emotional connections through storytelling. The brand's marketing campaigns, such as the "Rolex Testimonee" series, feature accomplished individuals from diverse fields, capturing the spirit of adventure, achievement, and excellence associated with Rolex timepieces. These narratives resonate with consumers on a deeper level, inspiring them to aspire to greatness and align themselves with the values embodied by the brand. In essence, Rolex exemplifies the essence of luxury branding, seamlessly integrating exclusivity, quality, and emotional resonance into its brand identity. Through its unwavering commitment to excellence and storytelling prowess, Rolex continues to captivate consumers and maintain its position as a pinnacle of luxury and prestige in the watch industry. 1.4. Conclusion In summary, the characteristics that set luxury brands apart include exceptional quality, exclusivity, rarity, high perceived value, and emotional connection. Brands like Rolex exemplify these traits through curated distribution, impeccable craftsmanship, and compelling storytelling. Understanding and leveraging these attributes are essential for luxury brands to maintain their unique identity, forge strong consumer connections, and sustain success in a competitive market. Ultimately, these defining characteristics shape the essence of luxury branding and drive the industry forward. Portfolio Entry 2: Luxury brand storytelling 2.1. Explain the significance of brand storytelling in luxury marketing In the realm of luxury marketing, brand storytelling emerges as a paramount tool that transcends the mere showcasing of product features and benefits. It serves as the thread that weaves together the intricate fabric of a brand's identity, resonating deeply with consumers on emotional and aspirational levels. But why exactly is brand storytelling so crucial in the luxury landscape? Firstly, it's about establishing an emotional connection. Luxury brands understand that their appeal extends far beyond the realm of material possessions. Through storytelling, they create a profound bridge between the brand and its discerning clientele, tapping into their deepest desires, values, and self-image. Consumers seek narratives that not only showcase products but also align with their personal identities and aspirations. Moreover, brand storytelling allows luxury brands to celebrate their heritage and legacy. Many luxury brands boast rich histories, iconic moments, and visionary founders. Through storytelling, they can artfully narrate their journey, paying homage to their origins and pivotal milestones. This emphasis on heritage not only reinforces authenticity but also fosters trust among consumers who value tradition and craftsmanship. Furthermore, storytelling in luxury marketing communicates exclusivity and aspiration. By crafting narratives that highlight the brand's exclusivity, consumers are drawn into a world of privilege and prestige. They aspire to be part of this exclusive universe, where products transcend mere commodities and become coveted symbols of status and sophistication. In a crowded market where competition is fierce, storytelling becomes a crucial tool for differentiation. Unique narratives help luxury brands stand out amidst the noise, leaving a lasting impression on consumers' minds. While product specifications may fade from memory, compelling stories linger, ensuring that the brand remains etched in the consumer's consciousness long after the initial encounter. In essence, brand storytelling is the cornerstone of luxury marketing, enabling brands to forge deep emotional connections, celebrate their heritage, communicate exclusivity, and differentiate themselves in a competitive landscape. By leveraging the power of storytelling, luxury brands can captivate audiences, cultivate loyalty, and elevate their brand presence to new heights of success. 2.2. Proposed Processes and Elements of Brand Storytelling In the realm of luxury branding, effective storytelling is not merely a marketing tactic but a strategic imperative. Drawing from a selection of academic sources, we delve into the proposed processes and elements of brand storytelling that underpin the construction of luxury brands. In crafting luxury brand narratives, several essential elements contribute to their effectiveness and resonance with discerning consumers. Firstly, authenticity and uniqueness are paramount. Luxury brands must convey a sense of authenticity, grounding their narratives in genuine experiences and values. For instance, Chanel's narrative traces its humble beginnings as a milliner to its evolution into a global fashion powerhouse, highlighting its unique journey. Moreover, emotional appeal plays a crucial role in luxury storytelling. These narratives are crafted to evoke emotions, allowing consumers to connect with the brand's struggles, successes, and storied history. Gucci, for example, utilizes video content on IGTV to portray a lifestyle that resonates emotionally with its audience. Heritage and legacy are also integral components of luxury storytelling. Celebrating a brand's origins and iconic moments reinforces trust and authenticity among consumers. Rolex, with its enduring legacy in precision watchmaking, exemplifies this aspect of storytelling. Furthermore, luxury narratives often present an aspirational lifestyle, transporting the audience to glamorous locations and exclusive events. Brands sell not just products but a desired way of life. Calvin Klein's #MyCalvins campaign, featuring high-profile celebrities, epitomizes this aspirational storytelling. In terms of branding, minimalism is key. Subtle logos allow the product to shine, emphasizing the essence of luxury rather than flashy branding. Louis Vuitton's iconic monogram canvas is a prime example of minimalist luxury branding. Lastly, innovation and unconventionality distinguish luxury brand narratives. These stories should feel as unique as the products themselves, with brands often breaking marketing norms to stand out. Gucci's unconventional campaigns under Alessandro Michele exemplify this approach. In essence, by incorporating these essential elements into their storytelling strategies, luxury brands can effectively engage consumers, cultivate brand loyalty, and maintain their allure in a competitive market landscape. Key academic sources such as Kapferer and Bastien (2012) in "The Luxury Strategy" offer insights into unconventional marketing tactics tailored specifically for luxury brands. Their emphasis on breaking traditional marketing rules to cultivate exclusivity and allure is particularly relevant in the context of luxury brand storytelling. Furthermore, Donzé and Wubs (2019) provide a case study on Christian Dior, elucidating how storytelling has contributed to the global success of this luxury fashion brand. Their analysis offers valuable perspectives on how narrative crafting can shape consumer perceptions and brand identity within the luxury sector. Additionally, Fionda and Moore (2009) delve into the anatomy of luxury fashion brands, shedding light on the intricate elements that contribute to their storytelling prowess. By dissecting the storytelling strategies employed by luxury brands, their research provides a comprehensive understanding of the nuances involved in brand storytelling within the luxury domain. Moreover, Rodriguez (2020) explores the importance of putting customers at the heart of brand storytelling, emphasizing the role of consumer-centric narratives in fostering emotional connections and brand loyalty. This perspective is particularly pertinent in luxury branding, where consumer aspirations and desires play a central role in shaping brand narratives. Finally, Ryu et al. (2018) focus specifically on luxury hotels, offering insights into compelling brand storytelling strategies tailored for this segment. By examining the unique challenges and opportunities within the luxury hospitality sector, their research provides actionable recommendations for crafting narratives that resonate with affluent clientele. In conclusion, the synthesis of insights from these academic sources underscores the significance of brand storytelling in luxury marketing. By critically evaluating proposed processes and elements of brand storytelling, we gain valuable insights into the art and science of narrative crafting within the luxury domain, illuminating pathways for building and sustaining luxury brands in a competitive marketplace. 2.3. Brand analysis For the analysis, I'll utilize Joseph Campbell's "Hero's Journey" framework, a widely recognized storytelling archetype. This framework consists of various stages that a hero undergoes on their transformative journey, offering a structured approach to crafting compelling narratives. Rolex, celebrated for its precision timepieces and rich heritage, has seamlessly integrated storytelling into its brand strategy to solidify its identity and resonate with a global audience. Through the lens of Joseph Campbell's Hero's Journey framework, let's explore how Rolex's storytelling practice unfolds: Rolex positions itself as more than just a watch; it's a companion on an adventure. The brand invites consumers to embark on a journey of exploration and accomplishment, emphasizing the transformative power of time. By showcasing its association with exploration and achievement, Rolex transports consumers to exotic locations and prestigious events, symbolizing a commitment to pushing boundaries and embracing challenges. In Rolex's narratives, moments of triumph and revelation take center stage. Whether it's reaching the summit of a mountain or crossing the finish line of a race, Rolex timepieces symbolize these transformative moments, marking milestones in individuals' lives. The brand underscores the durability and reliability of its watches, highlighting their ability to withstand the rigors of adventure and reinforcing its reputation for quality and dependability. Rolex's heritage and legacy serve as guiding forces, connecting consumers to the brand's illustrious history and iconic achievements. By celebrating its origins and legendary moments, Rolex instills a sense of reverence and authenticity in its storytelling, fostering trust and confidence among consumers. Overall, Rolex's storytelling practice effectively captures the essence of adventure, perseverance, and accomplishment, elevating its watches beyond mere timekeeping devices to become emblems of personal achievement and success. Through compelling narratives, Rolex solidifies its status as a timeless icon in the luxury watch industry, inspiring individuals to embark on their own journeys of exploration and achievement. Rolex, a venerable name synonymous with precision timepieces and a storied legacy, exhibits several strengths in its storytelling approach: Rolex effectively utilizes its rich heritage and iconic status to create narratives that resonate deeply with consumers. By highlighting historic achievements alongside modern-day adventures, Rolex instills a sense of tradition and authenticity while remaining relevant. Leveraging strategic partnerships, Rolex positions its timepieces as symbols of prestige and aspiration, inspiring consumers worldwide. Overall, Rolex's storytelling strategy reinforces its reputation for excellence and craftsmanship, establishing it as a timeless icon in luxury horology. Furthermore, Rolex's unwavering emphasis on quality, durability, and precision reinforces its reputation for excellence. Consumers perceive Rolex watches not just as accessories but as enduring symbols of craftsmanship and reliability, adding to the allure of the brand. This commitment to unparalleled quality enhances the storytelling experience, as consumers associate Rolex with exceptional performance and longevity, further solidifying their emotional connection to the brand. By consistently delivering on its promise of superior craftsmanship, Rolex continues to captivate consumers and maintain its position as a beacon of luxury and sophistication in the world of horology. Additionally, Rolex effectively aligns itself with values of exploration and achievement, appealing to consumers' aspirations for success and adventure. Through its storytelling, Rolex invites individuals to embark on their own journeys of discovery, positioning its watches as indispensable companions for life's most extraordinary moments. However, despite its strengths, Rolex's storytelling approach also exhibits some weaknesses: While the brand excels in traditional storytelling methods, there is a potential opportunity to explore more innovative and interactive formats. Embracing immersive digital experiences or user-generated content campaigns could further enhance consumer engagement and foster deeper connections with the brand. Moreover, Rolex could benefit from personalizing its narratives to resonate with diverse consumer segments. By showcasing the versatility of its timepieces in different contexts and catering to varying tastes and preferences, Rolex can broaden its appeal and attract a wider audience. To address these weaknesses and enhance its storytelling practice, Rolex could consider the following recommendations: Firstly, the brand should explore partnerships with emerging storytellers, artists, and influencers to infuse fresh perspectives and creativity into its storytelling efforts. Collaborating with diverse voices can inject new life into Rolex's narratives, appealing to a broader range of consumers. Secondly, Rolex should embrace digital storytelling platforms, such as augmented reality (AR) and virtual reality (VR), to create immersive brand experiences. By leveraging cutting-edge technology, Rolex can transport consumers into captivating narratives that transcend traditional marketing channels. Lastly, Rolex should foster community-driven storytelling initiatives, encouraging owners to share their unique stories and experiences with the brand. By amplifying user-generated content and celebrating the diverse journeys of its customers, Rolex can cultivate a sense of authenticity and relevance, strengthening its bond with consumers. In conclusion, while Rolex's storytelling approach boasts several strengths, there is room for refinement and innovation. By embracing new storytelling formats, personalizing narratives, and fostering community engagement, Rolex can elevate its brand storytelling to new heights, ensuring continued resonance and relevance in the ever-evolving luxury landscape. 2.4. Conclusion In conclusion, Portfolio Entry 2 delves into the intricate realm of luxury brand storytelling, uncovering its significance and exploring the processes and elements that contribute to its effectiveness. Through the analysis of academic sources and the evaluation of a luxury brand's storytelling practice, we have gained valuable insights into the power of narrative in building and maintaining brand equity in the luxury market. The examination of luxury brand storytelling has revealed its ability to evoke emotions, create aspirational narratives, and forge deep connections with consumers. By leveraging storytelling frameworks and emphasizing authenticity, heritage, and aspiration, luxury brands can effectively engage their audience and differentiate themselves in a crowded market landscape. Moreover, the analysis of a specific luxury brand's storytelling practice has provided valuable lessons and opportunities for improvement. By recognizing both strengths and weaknesses, and offering recommendations for innovation and enhancement, we have outlined actionable strategies for elevating brand storytelling to new heights. In essence, Portfolio Entry 2 underscores the importance of storytelling in luxury marketing and provides a roadmap for luxury brands to craft compelling narratives that resonate with consumers, foster brand loyalty, and sustain long-term success in the ever-evolving luxury industry. Portfolio Entry 3: Luxury brand challenge and opportunity 3.1. Introduce the concept of luxury brand challenges and opportunities In the complex and dynamic realm of luxury branding, where exclusivity, prestige, and innovation reign supreme, the concept of challenges and opportunities takes on a multifaceted significance. Task 3 of this portfolio aims to delve deep into this intricate landscape, recognizing that the luxury sector presents a unique set of hurdles alongside promising avenues for growth and advancement. Luxury brands operate within a niche market characterized by discerning consumers who seek not just products, but experiences that transcend the ordinary. As such, they face the challenge of maintaining exclusivity and prestige while simultaneously adapting to shifting consumer preferences and market dynamics. Factors such as changing consumer demographics, evolving digital landscapes, and global economic uncertainties further compound these challenges, requiring luxury brands to constantly innovate and reinvent themselves to stay ahead of the curve. At the same time, within these challenges lie myriad opportunities for luxury brands to distinguish themselves and carve out new paths to success. The digital revolution, for instance, presents an unprecedented opportunity for brands to connect with consumers on a deeper level through immersive online experiences and personalized interactions. Moreover, emerging markets in Asia and the Middle East offer fertile ground for expansion, providing luxury brands with access to a burgeoning consumer base hungry for luxury goods and experiences. In essence, the concept of luxury brand challenges and opportunities encapsulates the dichotomy inherent in the luxury sector: the need to navigate obstacles while simultaneously capitalizing on opportunities for growth and innovation. Task 3 will explore these dynamics in depth, shedding light on the strategies and approaches that luxury brands can adopt to overcome challenges and seize opportunities, thereby ensuring their continued relevance and success in an ever-evolving market landscape. 3.2. Exploring Luxury Brand Challenges and Opportunities Luxury brands find themselves at a crossroads, as the emergence of sustainability as a critical concern reshapes the landscape of the industry. This presents both a challenge and an opportunity, demanding a delicate balance between tradition and innovation. Traditionally, luxury brands have been synonymous with opulence, exclusivity, and impeccable craftsmanship. However, the growing awareness of environmental and social issues has prompted consumers to demand more sustainable and ethical practices from luxury brands. This poses a significant challenge for brands accustomed to prioritizing aesthetics and lavishness over sustainability concerns. The conflict arises from the inherent tension between the traditional values of the luxury industry and the need for sustainability. Luxury brands often rely on exotic materials and energy-intensive production processes, which can have adverse environmental impacts. Moreover, ensuring ethical sourcing practices presents logistical challenges, particularly in complex global supply chains. Despite these challenges, the sustainability imperative also offers an opportunity for luxury brands to redefine their values and demonstrate leadership in addressing global issues. Embracing sustainability can enhance brand reputation, attract socially conscious consumers, and future-proof businesses in an increasingly environmentally conscious market. However, effectively integrating sustainability into luxury brand practices requires a comprehensive approach. Brands must invest in research, development, and infrastructure to implement sustainable practices without compromising on quality or exclusivity. Moreover, transparent communication of sustainability efforts is essential to maintain consumer trust and credibility. The sustainability challenge/opportunity underscores the need for luxury brands to adapt and evolve in response to changing consumer expectations and global trends. By embracing sustainability as a core value, luxury brands can not only meet the demands of the modern consumer but also contribute to a more sustainable and ethical future for the industry. However, integrating sustainability into luxury brand practices poses significant challenges. Luxury brands must navigate complex supply chains, sourcing sustainable materials, and implementing eco-friendly production processes without compromising quality or exclusivity. Moreover, sustainability initiatives require substantial investments in research, development, and infrastructure, which may strain profit margins and traditional business models. Furthermore, luxury brands face the challenge of effectively communicating their sustainability efforts to consumers. Greenwashing—where brands exaggerate or misrepresent their environmental credentials—risks damaging brand credibility and alienating discerning consumers who demand authenticity and transparency. In conclusion, the sustainability challenge/opportunity presents a nuanced dilemma for luxury brands, requiring a delicate balance between tradition and innovation, opulence and responsibility. Navigating this challenge effectively demands a holistic approach that integrates sustainability into the core of luxury brand identity while ensuring authenticity, transparency, and uncompromising quality. 3.4. Creative solutions To sustain and enhance brand equity amidst the sustainability challenge, luxury brands must embrace innovative solutions that prioritize environmental and social responsibility while maintaining their essence of exclusivity and craftsmanship. One approach is to prioritize sustainable sourcing and material innovation. Luxury brands can seek out suppliers that adhere to fair labor practices and utilize eco-friendly materials. Investing in research and development for sustainable alternatives can reduce environmental impact without compromising product quality. Transparency is another critical aspect. Luxury brands should provide consumers with detailed information about their supply chain, production processes, and environmental impact assessments. Implementing traceability systems like blockchain technology can enhance transparency and accountability throughout the supply chain. Embracing circular economy initiatives is essential for minimizing waste and extending product lifespan. Take-back programs, repair services, and resale platforms can encourage product longevity and reduce environmental impact. By adopting a circular business model, luxury brands can demonstrate their commitment to sustainability while providing value to consumers. Sustainable packaging and distribution practices are also key. Using eco-friendly materials for packaging and optimizing distribution channels can reduce environmental footprint. Embracing e-commerce and direct-to-consumer models can further minimize environmental impact while enhancing brand accessibility. Moreover, education and advocacy play a crucial role. Luxury brands can raise awareness about sustainability issues and advocate for positive change through educational campaigns and partnerships with environmental organizations. By becoming advocates for sustainability, luxury brands can inspire consumers to make informed choices and drive collective action. In conclusion, addressing the sustainability challenge requires a holistic approach that integrates sustainability into every aspect of luxury brand operations. By embracing creativity, innovation, and a commitment to environmental and social responsibility, luxury brands can sustain and build brand equity while contributing to a more sustainable future. 3.5. Conclusion In conclusion, the sustainability challenge presents a pivotal moment for luxury brands to redefine their values and practices in response to evolving consumer expectations and global sustainability imperatives. While navigating this challenge requires innovation and adaptation, it also offers an unprecedented opportunity for luxury brands to differentiate themselves, enhance brand equity, and contribute to positive social and environmental change. By embracing sustainability as a core value and integrating it into every aspect of their operations, luxury brands can not only meet the demands of socially conscious consumers but also position themselves as leaders in the industry. Through sustainable sourcing, transparency, circular economy initiatives, and advocacy efforts, luxury brands can build trust, foster loyalty, and drive long-term success while making meaningful contributions to a more sustainable future. In essence, addressing the sustainability challenge is not only a strategic necessity but also a moral imperative for luxury brands. By seizing this opportunity to align with sustainability principles, luxury brands can demonstrate their commitment to responsible business practices, inspire positive change, and uphold the legacy of excellence and exclusivity that defines the luxury industry. REFERENCES Portfolio Entry 1 Kapferer, J. N. (2015). Kapferer on Luxury: How Luxury Brands Can Grow Yet Remain Rare. Kapferer, J. N., & Bastien, V. (2012). The Luxury Strategy: Break the Rules of Marketing to Build Luxury Brands. Kapferer, J. N. (2014). Luxury Branding (Chương 5 trong Kompella, K., Ed., The Brand Challenge). Keller, K. L. (2009). Managing the Growth Trade-Off: Challenges and Opportunities in Luxury Branding. Keller, K. L., & Swaminathan, V. (2019). Strategic Brand Management De Barnier, V., Falcy, S. and Valette-Florence, P. (2012) 'Do consumers perceive three levels of luxury? A comparison of accessible, intermediate and inaccessible luxury brands', Journal of Brand Management, Vol. 19, No. 7, pp.623-636. Portfolio Entry 2 Kapferer, J. N. (2015). *Kapferer on Luxury: How Luxury Brands Can Grow Yet Remain Rare. Kapferer, J. N., & Bastien, V. (2012). *The Luxury Strategy: Break the Rules of Marketing to Build Luxury Brands. Fionda, A. M., & Moore, C. M. (2009). *The Anatomy of the Luxury Fashion Brand. Fog, K., Budtz, C., Munch, P., & Blanchette, S. (2010). *Storytelling Branding in Practice. Donzé, P., & Wubs, B. (2019) Storytelling and the making of a global luxury fashion brand: Christian Dior. International Journal of Fashion Studies. 6(1), pp. 83– 102. Fionda, A.M. and Moore, C.M (2009) The anatomy of the luxury fashion brand. Journal of Brand Management. 16(5-6), pp. 347-363. Rodriguez, M. (2020) Brand Storytelling: Put Customers at the Heart of Your Brand Story. London, Kogan Page. Ryu, K., Lehto, X., Gordon, S., & Fu, X. (2018) Compelling brand storytelling for luxury hotels. International journal of hospitality management. 74, pp.22–29. Portfolio Entry 3 Kapferer, J. N. (2015)Kapferer on Luxury: How Luxury Brands Can Grow Yet Remain Rare. Tencent x BCG (Boston Consulting Group) China Digital Luxury Report