Elite Luxury Brand Digital Transformation Consulting

Elite Luxury Brand Digital Transformation Consulting – Porsche (brand value down 2% to $33.7 billion) retained its lead as the world’s most valuable luxury car brand for another year, according to Brand Finance, a brand valuation consultancy. world leading brand. Good news for the brand, which has just been spun off by its owner, the Volkswagen Group, in an initial public offering on the Frankfurt Stock Exchange.

Every year, leading brand valuation consulting company Brand Finance conducts tests on 5,000 of the world’s largest brands and publishes about 100 reports, ranking brands across all fields and countries.

Elite Luxury Brand Digital Transformation Consulting

Elite Luxury Brand Digital Transformation Consulting

“Porsche’s new stock exchange listing demonstrates the value of a brand in a very clear way, very similar to the Ferrari brand led by Sergio Marchionne many years ago. It’s great to unlock the hidden value within the Volkswagen group, especially when you have an iconic luxury brand like Porsche that is so valuable.”

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Louis Vuitton (brand value up 58% to $23.4 billion) benefited from increased spending on luxury products during the pandemic as pandemic restrictions limited travel spending schedules and services. As a result, Louis Vuitton is one of many luxury product brands benefiting from growing demand for their products.

Elite Luxury Brand Digital Transformation Consulting

Louis Vuitton is currently looking to manage its brand through strong online marketing campaigns and celebrity influencers to attract new customers, while maintaining its storied brand legacy. history.

Elsewhere, Spanish luxury retailer Loewe (brand value up 7%) is facing similar challenges as it seeks to communicate with customers across both online and offline channels. .

Elite Luxury Brand Digital Transformation Consulting

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In addition to brand value, Brand Finance also determines the relative strength of a brand through a balanced scorecard of metrics that evaluate marketing investment, stakeholder equity and business performance. Compliant with ISO 20671, Brand Finance’s stakeholder equity assessment incorporates original market research data from more than 100,000 respondents in more than 35 countries and across nearly 30 sectors. Ferrari (brand value down 13% to $8 billion) is one of the world’s most recognizable brands and the strongest luxury brand in the world with a BSI of 90.9/100 and an elite AAA+ rating. A key attribute of the Ferrari brand is its iconic internal combustion engine. The upcoming switch to electric vehicles is therefore both a challenge and an opportunity for the brand as it seeks to build its first fully electric vehicle by 2025 and predicts electric vehicles will account for 40%. its total product by 2030.

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Ritz-Carlton (brand value doubled to $1.1 billion) is the world’s fastest growing hotel brand with a 112% increase in brand value as travel reopens around the world . As part of the Marriott Corporation, Ritz-Carlton has built an extremely strong brand, with its Brand Strength Index increasing from 79.6 to 83.2, achieving a AAA brand rating.

Elite Luxury Brand Digital Transformation Consulting

The brand value of luxury hotel InterContinental (brand value down 1% to $1.5 billion) decreased slightly, along with significant concerns about potential delays in reopening services in the market. InterContinental’s China Key School. Despite going through one of the most difficult times the hospitality industry has faced, InterContinental remains focused on delivering on its brand promise “True Hospitality for Good.”

Nike Retains Title As World’s Most Valuable Apparel Brand While Luxury Brands Boom After Covid 19

Dior (brand value up 19% to $9 billion) has enjoyed worldwide success with its Sauvage fragrance, and the brand has returned to growth following the disruption brought by the pandemic. Dolce & Gabbana (brand value increased 55% to 1.4 billion USD) is famous for its distinctive brand personality. The Italian brand is in the process of establishing Dolce & Gabbana Beauty, which by January 2023 will take 100% control of the production, sales and distribution of its perfume and makeup products.

Elite Luxury Brand Digital Transformation Consulting

Estée Lauder (brand value up 39% to $7.9 billion) has grown rapidly this year and has recently benefited from an increase in airport sales, among other channels, due to the recovery of the global tourism industry and seems to have taken advantage of this well. This brand also has many opportunities for further development thanks to widespread information about its intention to acquire high-end fashion house Tom Ford for $3 billion.

Despite the overall decline in brand value, both Lamborghini (brand strength increased from 82.7 to 84.0) and Aston Martin (brand strength increased from 84.0 to 84.8) have charting new roadmaps focused on sustainability which appear to have had a positive impact on these. perceived brand.

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Elite Luxury Brand Digital Transformation Consulting

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Every year, leading brand valuation consulting firm Brand Finance conducts tests on 5,000 of the largest brands and publishes nearly 100 reports, ranking brands across all fields and countries. The top 50 most valuable and strongest luxury brands in the world are included in the Brand Finance Luxury & Premium 50 2022 ranking.

Brand value is understood as the net economic benefit that the brand owner will achieve when licensing the brand on the open market. Brand strength is how well a brand performs on intangible measures compared to its competitors.

Elite Luxury Brand Digital Transformation Consulting

In addition to brand value, Brand Finance also determines the relative strength of a brand through a balanced scorecard of metrics that evaluate marketing investment, stakeholder equity and business performance. Complying with international standards (ISO 20671), Brand Finance’s stakeholder equity assessment incorporates original market research data from over 100,000 respondents in over 35 countries and across nearly 30 fields.

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Full ratings, additional insights, charts, more information on methodology and definitions of key terms are available in the Brand Finance Luxury & Premium 50 2022 report.

Elite Luxury Brand Digital Transformation Consulting

Brand Finance is the world’s leading brand valuation consulting company. Bridging the gap between marketing and finance for more than 25 years, Brand Finance evaluates the strength of brands and quantifies their financial value to help organizations of all types make strategic decisions.

Headquartered in London, Brand Finance has offices in more than 20 countries, providing services on all continents. Every year, Brand Finance conducts more than 5,000 brand valuations, supported by original market research, and publishes more than 100 brand ranking reports across all sectors and countries.

Elite Luxury Brand Digital Transformation Consulting

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Brand Finance also operates the Global Brand Equity Monitor, conducting annual original market research on more than 5,000 brands, surveying more than 150,000 respondents across 38 countries and 31 industries. Combining sentiment data from the Global Brand Equity Monitor with data from its valuation database enables Brand Finance to equip brand leaders with the data and analytics they need to drive value brands and businesses.

Brand Finance is a regulated accounting firm leading the standardization of the brand valuation industry. Brand Finance is the first company to be certified by independent auditors as compliant with both ISO 10668 and ISO 20671 and has received official endorsement from the Marketing Accountability Standards Board (MASB) in the United States.

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Elite Luxury Brand Digital Transformation Consulting

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Elite Luxury Brand Digital Transformation Consulting

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Elite Luxury Brand Digital Transformation Consulting

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Brand design 4 shows how the Group 4 (luxury brand) image is suitable for attracting people looking for an exclusive, high-end product.

Luxury product or service branding is often associated with high-end prices and high-end businesses and is designed to convey a strong and exclusive image to customers.

Elite Luxury Brand Digital Transformation Consulting

This style is characterized by the use of sharp lines, bold geometric patterns and a cool color palette, conveying a feeling of exclusivity, sophistication and confidence.

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Luxury branding is a marketing strategy that involves building and promoting a ‘luxury’ brand to attract a specific consumer market that values ​​exclusivity, superior quality and aesthetic appeal. high-end beauty.

Elite Luxury Brand Digital Transformation Consulting

Luxury brands are often associated with high prices, exceptional craftsmanship, and high levels of detail and sophistication.

The concept of a true luxury brand goes beyond just a product or service. It encapsulates the entire experience of buying and owning a luxury item. From the initial discovery of the brand, through the purchase process, to usage and even after-sales service, every aspect is designed to make luxury customers feel unique and privileged. .

Elite Luxury Brand Digital Transformation Consulting

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Luxury brands often have a rich history and heritage, and they frequently highlight these elements as part of their brand story. Storytelling becomes important in luxury marketing and branding, as it helps build an emotional connection with consumers, thus justifying high prices.

Furthermore, luxury brands often use strategies such as limited quantities or exclusive access to certain products to increase their awareness.

Elite Luxury Brand Digital Transformation Consulting

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