Ch. 11- Developing and Managing Products

Louis Vuitton is always open to new developments, from internal affairs to new products. Their openness allows them to keep up with the times, growing and changing with the demands of the luxury market. From Vuitton's roots as a high-quality luggage maker in 1854, they have been progressive in developed a line of luxury products that remain true to the brand's values. In 1987 they formed LVMH, the world's leading luxury group. In1998, Marc Jacobs joined Vuitton as Artistic Director, bringing new creativity and an exciting new vision of the Vuitton family.

When introducing a new product, Vuitton usually makes a spin-off of a successful product and sells it for a limited time. Having Marc Jacobs on board in addition to the desirable, luxury label that is Vuitton, introducing new products is never a gamble for the brand. With celebrity endorsed advertisements, to celebrities and elite individuals carrying the products, the products are constantly on display. 

Vuitton uses their windows in their flagship locations as creative ways to promote their new products. Watch the window display in Paris circa 2009, as the classic Speedy bag, transforms itself to limited edition designs...

Below are some examples of limited edition products that have been available to the public in the last 10 years. 

Louis Vuitton Limited Edition Graduate Monogram Bag. Collaboration with New York artist, Richard Prince.

2008, Paris Hilton and Kim Kardashian carry their matching mirror limited edition Louis Vuitton Alma handbag.  

2009. Marc Jacobs for Louis Vuitton paid homage to his late friend, American Artist, Stephen Sprouse, who passed in 2004

Ch. 8 - Segmenting and Targeting Markets

Louis Vuitton segments to multiple target markets. Many people, both men, and women with different values and all walks of life are fans of Louis Vuitton.Vuitton has multiple avenues of communicating their brand to different target markets. Through high fashion print ads, and their Core Values campaign ads, these ads are segmented to both men and women in the Upper Class, to Upper-Middle, and Middle. 
By gaining the interest of both the wealthy and middle class, they have mastered the art of "less is more", maintaining a sense of mystery, yet they really are an attainable brand. In recent years, Vuitton began streaming their fashion shows, which made the shows, once only available to the fashion crowd and celebrities, now accessible to the world. ( consumer decision making).  With products with price points as low as $45.00, one can walk out of a Vuitton store with a "Travel Guide to Berlin", Paris, New York, Amsterdam etc. They can leave with a bracelet priced at $390.00, or a travel trunk for $4500.00. The bottom line is, anyone can get their hands on Vuitton, yet this notion does not hinder Vuitton's image. Vuitton maintains a high-end clientele and a high-class image and remains the most valuable luxury brand. 

Upon entering a Louis Vuitton boutique, one will notice different counters and sections with different "themes". These counters range from, men's travel bags, unisex travel bags, fashion jewelry, high-end jewelry, small leather goods, scarves, belts, shoes, travel books etc. The store is very organized, one can easily locate what section they are in, helping to navigate through what could be very confusing.


We cannot forget to mention that Marc Jacobs is Louis Vuitton's creative director. Jacobs, like most designers, has a high-end line, and a contemporary one, "Marc Jacobs" and "Marc by Marc Jacobs". With his name affiliated with the brand, teenagers and young adults who are fans for Jacobs, begin to "up the ante" upon discovering Vuitton, creating a new fan who will eventually move into a segmented Target Market.

Ch. 15- Marketing Communications

As I was reading the chapter, I thought there wasn't  much I could write about Louis Vuitton and business marketing, considering that the company is a manufacturer and retailer. 

Louis Vuitton has multiple avenues of communicating their brand to the public. Because Vuitton is so well known, they use word of mouth and person to person advertising as a major tool for advertising. They do however run high fashion print ads and their Core Values campaign as an advertisement.

Like I have mentioned in other posts, their advertisements lack the words "Louis Vuitton". Their monogrammed canvas and logo is so identifiable by the public, they do not need to print the name.

In recent years, Vuitton began streaming their fashion shows, which made the shows, once only available to the fashion crowd and celebrities, now accessible to the world. (See consumer decision making for video) Through mass communication, Vuitton has gained the interest of both the wealthy and middle class. Somehow, they have mastered the art of "less is more" communication to the public, still maintaining a sense of mystery, yet they still appear as an attainable brand.

Through the "pull strategy", consumers that own and carry the brand's merchandise act as walking advertisements. Most of these people are among the wealthy middle-upper class, acting as "role models" to others in society. This idea of consumers advertising creates a demand among other people who like and want to buy the product, thus, bringing people into the store and creating revenue.

Overall, Vuitton is a master at mass communication. Their messages are never clouded by "noise", sending clear and concise messages to their target market. This is why Vuitton is the most valuable luxury brand.

Ch. 10 - Product Concepts

 The company started in France and is recognized worldwide for creating specialty products. Louis Vuitton, has been a part of the fashion industry for approximately 157 years dating back to the 19th century.  Each product is carefully crafted using the finest materials. Originally Louis Vuitton created luggage in the mid-1800’s. The company expanded the product offering to handbags in the early 1890’s. 
A couple of weeks ago it was announced that Karl Lagerfeld had created a Louis Vuitton punching bag that retails for $175,000. The Chanel and Fendi designer, and a few other high-level creatives were invited to celebrate the LV monogram logo by reinterpreting the intertwining letters on a selection of fashion and lifestyle goods. How many, if any, of the 25 boxing bags the French luxury brand expect to sell is unknown. But this kind of extraordinary marketing exercises (the true identity of the punching bag and other such costly one-offs) is in line with Louis Vuitton’s position in the contemporary luxury market. The French bag maker, founded in 1854, holds a very special place at the top of the fashion pyramid; Louis Vuitton is seen as a bellwether for the rest of the industry.

In 1997, Marc Jacobs was hired by the Louis Vuitton Company to be the label’s artistic director . 
That year he introduced the company’s first ready-to-wear line of clothing. This was the first time that the Louis Vuitton Company ventured to a new product offering other than luggage and handbags. Today Louis Vuitton product offerings also include cosmetic and vanity cases, sunglasses, shoes, scarves and accessories, belts, timepieces, and fine jewelry. The service offerings of Louis Vuitton are the impeccable quality and make of the luxury products. The company built its foundation on the handwork that goes into each of its custom made products. 

Since the company first began, all products have been concentrated on by the art of craftsmanship . The Louis Vuitton Company does not use machinery to mass produce their handbags. Just a few years ago 20-30 craftsmen were needed to assemble the Louis Vuitton “Reade” tote bag in approximately an eight-day period.

The original pattern of Louis Vuitton's trunks was a striped canvas. However, as the label became more and more popular, it was copied more and more. So, in 1889, Louis and Georges Vuitton decided to change their signature pattern to a brown draught board pattern on a beige background.This new pattern was the very first registered trademark (Marque L. Vuitton despise'). The new pattern was referred to as the Damier canvas. After Louis Vuitton died, his son Georges became the mastermind behind running the company. Georges had true international ambitions, with plans to expand into the United States. By this time, competitors had also copied the Damier canvas. It was time to come up with a new signature pattern that was much more difficult to copy. Georges created the new motif, which was comprised of a beige circle containing a four-petal flower, a curved beige lozenge containing a four-pointed curved star, a star with a point in the center, and the initials LV in memory of his father. Finally, the monogram canvas that is so well known today was born. One main thing to remember, Louis Vuitton, is always about perfection, and would never put out anything less than that. At Louis Vuitton Malletier, 85% of the corrugated packaging used to transport products is totally composed of recycled fibers. The labeling is purely informative. In its labels, Louis Vuitton describes the material used for the products, where these products are made and the bar code.