EVENTS

Why Brand Performance and Equity Matter More Than Ever in Times of Crisis

by

Luxury Society Team

|

This is the featured image caption
Credit: This is the featured image credit

Ahead of its virtual summit in November, we speak to Launchmetrics and some of its key speakers about the new challenges facing the fashion, luxury and beauty industries and how brands can approach the year ahead with a strategic mindset to strengthen their performance in the increasingly competitive marketplace.

Over the last decade, collaborations between luxury brands and contemporary artists have gone beyond mere artistic partnerships towards a new kind of luxury branding.

PARIS – Art and fashion have always developed side by side, for fashion, like art, often gives visual expression to the cultural zeitgeist. During the 1920s, Salvador Dalí created dresses for Coco Chanel and Elsa Schiapparelli. In the 1930s, Ferragamo’s shoes commissioned designs for advertisements from Futurist painter Lucio Venna, while Gianni Versace commissioned works from artists such as Alighiero Boetti and Roy Lichtenstein for the launch of his collections. Yves Saint Laurent’s vast art collection, recently auctioned at Christie’s in Paris, testified to his great love of art and revealed the influence of a variety of artists on his own designs.

In the 1980s, relationships between luxury brands and artists were advanced when Alain Dominique Perrin created the Fondation Cartier. In the Fondation Cartier pour l’Art Contemporain, a book marking the foundation’s 20th anniversary, Perrin says he makes “a connection between all the different sorts of arts, and luxury goods are a kind of art. Luxury goods are handicrafts of art, applied art.”

The Fondation Cartier pour l’Art Contemparain building in Paris

Ahead of its virtual summit in November, we speak to Launchmetrics and some of its key speakers about the new challenges facing the fashion, luxury and beauty industries and how brands can approach the year ahead with a strategic mindset to strengthen their performance in the increasingly competitive marketplace.

In the past year, the global pandemic has derailed the luxury market, accelerating the need for digital transformation and highlighting the importance of devising new strategies to tackle the new challenges of the industry’s ever-changing landscape.

Indeed, there has never been a more important time to acknowledge how brand value and consumer engagement affect a company’s performance, particularly in the light of the global COVID-19 pandemic.

Performance, a virtual summit held by Launchmetrics – the leading Brand Performance Cloud for Fashion, Luxury and Beauty – hopes to help brands understand these issues better, by organising an event that will see key opinion leaders join together to discuss the new challenges facing the industry through a series of engaging and interactive panels, intimate discussions and digital networking meet-ups through professionals.

The summit, which will be held on November 5, will cover many different topics like Influencer Marketing, Sustainability as well as how to improve Brand Performance and Brand Equity, featuring speakers like designer Anya Hindmarch, LinkedIn’s Head of Luxury Tatiana Dupond, and Breitling’s Chief Digital and Technology Officer Antonio Carriero.

The schedule will also see the heads of the four fashion capitals Pascal Morand, Steven Kolb, Caroline Rush and Carlo Capasa, from Paris, New York, London and Milan respectively, discuss what the future of fashion weeks may hold, following this September’s mix of digital and physical presentations.

“The pandemic has sped up the pace at which these changes are happening as well as derailed previous truths,” said Alison Bringé, Chief Marketing Officer at Launchmetrics .“We are no longer able to navigate on the same methods as before and we need to be up-to-date on the new trends in order to make informed, data-driven decisions.”

“To that note, with everyone asking themselves, ‘what’s next?’ and ‘what should be my strategy in 2021?’, we've decided to organize a virtual space for industry leaders to discuss, share thoughts and develop the strategy of tomorrow, today,” she added.

Speaking ahead of the event, Tatiana Dupond, Head of Luxury at LinkedIn, believes that brands who will demonstrate more successful marketing strategies post-COVID, will be those that can incorporate digital shopping experiences, heightened social and environmental consciousness and the growth of a post-aspirational mindset.

“We know that luxury brands will emerge from the crisis into a world where the emotions and motivations of luxury buyers have evolved,” she said. ” Brands will need to express luxury brand values and to showcase their collections in a way that talks to ethics as much as to aesthetics.”

Another key point for brands to consider when creating content for consumers is to be authentic and have a true sense of purpose that they are willing to share throughout events, experience and digital communications.

“Together, millennials and Gen Z will represent 55 percent of the global luxury market by 2025. For them, beautiful photography, craftsmanship and heritage already have more meaning when they are connected to a sense of purpose. They expect to own, wear, drive and experience brands that represent support for communities and respect and value for employees,” she said. “These trends all require luxury brands to share deeper, more holistic and more transparent narratives with their audiences.”

For Breitling, this means ensuring that the company meets it customers through every channel and touchpoint. “Customers need recognition for their engagement with brands. Individuals need strong recognition from brands and personalisation in the engagement, beyond the content,” said its Chief Digital and Technology Officer Antonio Carriero.

“Modern luxury consumers live in digital, we meet them in digital and we support them in their journeys with Breitling beyond digital. We don’t simply wait for them in our point of sales.”

Performance by Launchmetrics will be held on November 5. Click here to reserve your place.

Cover Image: Photo by Campaign Creators on Unsplash

Luxury Society Team
Luxury Society Team

Staff, Luxury Society

Luxury Society is the leading resource for luxury professionals across the world. A trusted content resource for industry executives, Luxury Society offers a global perspective on all things luxury with studies and features by in-house experts at DLG (Digital Luxury Group); curated news articles from leading media outlets; as well as in-depth interviews with business leaders. Luxury Society is a division of DLG, an integrated marketing agency that provides a diverse range of digital services for luxury brands.

EVENTS

Why Brand Performance and Equity Matter More Than Ever in Times of Crisis

by

Luxury Society Team

|

This is the featured image caption
Credit : This is the featured image credit

Ahead of its virtual summit in November, we speak to Launchmetrics and some of its key speakers about the new challenges facing the fashion, luxury and beauty industries and how brands can approach the year ahead with a strategic mindset to strengthen their performance in the increasingly competitive marketplace.

Over the last decade, collaborations between luxury brands and contemporary artists have gone beyond mere artistic partnerships towards a new kind of luxury branding.

PARIS – Art and fashion have always developed side by side, for fashion, like art, often gives visual expression to the cultural zeitgeist. During the 1920s, Salvador Dalí created dresses for Coco Chanel and Elsa Schiapparelli. In the 1930s, Ferragamo’s shoes commissioned designs for advertisements from Futurist painter Lucio Venna, while Gianni Versace commissioned works from artists such as Alighiero Boetti and Roy Lichtenstein for the launch of his collections. Yves Saint Laurent’s vast art collection, recently auctioned at Christie’s in Paris, testified to his great love of art and revealed the influence of a variety of artists on his own designs.

In the 1980s, relationships between luxury brands and artists were advanced when Alain Dominique Perrin created the Fondation Cartier. In the Fondation Cartier pour l’Art Contemporain, a book marking the foundation’s 20th anniversary, Perrin says he makes “a connection between all the different sorts of arts, and luxury goods are a kind of art. Luxury goods are handicrafts of art, applied art.”

The Fondation Cartier pour l’Art Contemparain building in Paris

Ahead of its virtual summit in November, we speak to Launchmetrics and some of its key speakers about the new challenges facing the fashion, luxury and beauty industries and how brands can approach the year ahead with a strategic mindset to strengthen their performance in the increasingly competitive marketplace.

In the past year, the global pandemic has derailed the luxury market, accelerating the need for digital transformation and highlighting the importance of devising new strategies to tackle the new challenges of the industry’s ever-changing landscape.

Indeed, there has never been a more important time to acknowledge how brand value and consumer engagement affect a company’s performance, particularly in the light of the global COVID-19 pandemic.

Performance, a virtual summit held by Launchmetrics – the leading Brand Performance Cloud for Fashion, Luxury and Beauty – hopes to help brands understand these issues better, by organising an event that will see key opinion leaders join together to discuss the new challenges facing the industry through a series of engaging and interactive panels, intimate discussions and digital networking meet-ups through professionals.

The summit, which will be held on November 5, will cover many different topics like Influencer Marketing, Sustainability as well as how to improve Brand Performance and Brand Equity, featuring speakers like designer Anya Hindmarch, LinkedIn’s Head of Luxury Tatiana Dupond, and Breitling’s Chief Digital and Technology Officer Antonio Carriero.

The schedule will also see the heads of the four fashion capitals Pascal Morand, Steven Kolb, Caroline Rush and Carlo Capasa, from Paris, New York, London and Milan respectively, discuss what the future of fashion weeks may hold, following this September’s mix of digital and physical presentations.

“The pandemic has sped up the pace at which these changes are happening as well as derailed previous truths,” said Alison Bringé, Chief Marketing Officer at Launchmetrics .“We are no longer able to navigate on the same methods as before and we need to be up-to-date on the new trends in order to make informed, data-driven decisions.”

“To that note, with everyone asking themselves, ‘what’s next?’ and ‘what should be my strategy in 2021?’, we've decided to organize a virtual space for industry leaders to discuss, share thoughts and develop the strategy of tomorrow, today,” she added.

Speaking ahead of the event, Tatiana Dupond, Head of Luxury at LinkedIn, believes that brands who will demonstrate more successful marketing strategies post-COVID, will be those that can incorporate digital shopping experiences, heightened social and environmental consciousness and the growth of a post-aspirational mindset.

“We know that luxury brands will emerge from the crisis into a world where the emotions and motivations of luxury buyers have evolved,” she said. ” Brands will need to express luxury brand values and to showcase their collections in a way that talks to ethics as much as to aesthetics.”

Another key point for brands to consider when creating content for consumers is to be authentic and have a true sense of purpose that they are willing to share throughout events, experience and digital communications.

“Together, millennials and Gen Z will represent 55 percent of the global luxury market by 2025. For them, beautiful photography, craftsmanship and heritage already have more meaning when they are connected to a sense of purpose. They expect to own, wear, drive and experience brands that represent support for communities and respect and value for employees,” she said. “These trends all require luxury brands to share deeper, more holistic and more transparent narratives with their audiences.”

For Breitling, this means ensuring that the company meets it customers through every channel and touchpoint. “Customers need recognition for their engagement with brands. Individuals need strong recognition from brands and personalisation in the engagement, beyond the content,” said its Chief Digital and Technology Officer Antonio Carriero.

“Modern luxury consumers live in digital, we meet them in digital and we support them in their journeys with Breitling beyond digital. We don’t simply wait for them in our point of sales.”

Performance by Launchmetrics will be held on November 5. Click here to reserve your place.

Cover Image: Photo by Campaign Creators on Unsplash

Luxury Society Team
Luxury Society Team

Staff, Luxury Society

Luxury Society is the leading resource for luxury professionals across the world. A trusted content resource for industry executives, Luxury Society offers a global perspective on all things luxury with studies and features by in-house experts at DLG (Digital Luxury Group); curated news articles from leading media outlets; as well as in-depth interviews with business leaders. Luxury Society is a division of DLG, an integrated marketing agency that provides a diverse range of digital services for luxury brands.

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