1.1 Louis Vuitton: An Analysis of the Company
Louis Vuitton, a trunk-maker in Paris since 1854, built up his legend around
travel by creating luggage, handbags and accessories that were as innovative
as they were elegant.
The brand itself has embraced new foundation whilst cultivating its traditional
roots thus allowing it to remain at the forefront of the luggage and accessory
industry.
The tag beats part in major events that share in its druthers for excellence. the
Louis Vuitton Classic event bring together the most honored cars in the
world, and the Louis Vuitton Cup, an essential part of the Americas Cup,
designates the best Challenger and prepares them to take on the Defender of
the Americas Cup.
According to their financial report found on their website,
www.louisvuitton.com, the company is constantly expanding and now includes
14 production workshops, 287 exclusive stores, 31 of which offer ready-to-
wear, shoes and leather goods, and 107 which feature shoes and feather
goods, and has 7,857 employees throughout the world. In 1977, Louis
Vuitton was merely a small family business with gross revenue under $20 million.
Fifteen years later, the $1 billion stigmatize was attained, a significant proportion
of why it has reached this target is due to the penetrating marketing strategy that it
has implemented.
The fact that Louis Vuitton has grown is quite phenomenal considering the
fact that they are expensive in relative and absolute terms. Moreover, they
are place by Dubois and Claire (1995:68) as such when one considers
them to be tiny products, without any clear functional advantage
over their non-luxury counterparts. As a result, umteen producers of luxury
goods tend to believe their clientele comes primarily from upper income
classes. shew of this was gained from Stanley (1988:8). Indeed, the
managerial practices of Louis Vuitton...
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