The Effects of the Economic Crisis on the Luxury Brand Market (ePub)

Name: The Effects of the Economic Crisis on the Luxury Brand Market
Brand: GRIN Verlag
SKU: 67699132
Price: 18.99 EUR
Availability: OnlineOnly

Marketing Strategies for Luxury Goods "Made in Italy" (Sprache: Englisch)

Autor: Angela Eva Alunni

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Research Paper (postgraduate) from the year 2014 in the subject Business economics - Offline Marketing and Online Marketing, , language: English, abstract: Luxury represents a product category that seemingly was able to weather the storm of financial and economic crisis hitting global markets in 2008 better than could be expected. In this scientific essay, the author Angela Alunni credits two main factors for this trend: Successful luxury companies cater to the emerging markets of the nouveau riches, which are at the center of nurturing the demand for these goods. Internationalization provides the financial and managerial framework for these Italian companies, while not betraying the essence of the luxury concept per se. The portrayal of the Bulgari case highlights these strategies and at the same time points to the challenges that the luxury industry Made in Italy has to face as a whole.