Luxury brands


2007 events

Luxury –
what's it all about?

There was a time when the term ‘Luxury’ was applied to an exclusive group of products, targeted at an ‘exclusive’ group of people but nowadays even teabags and toothpaste can be called ‘luxury’.

Is the industry at risk of becoming a victim of its own success?


Dinner sponsor

Programme

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WEDNESDAY 9 MAY
16.00 - 18.00
FORUM REGISTRATION
Palazzo Capponi
Lungarno Guicciardini, I

19.00 - 20.30 WELCOME RECEPTION
Sky Lounge of the Hotel Continentale
Vicolo dell'Oro  6

THURSDAY 10 MAY
WELCOME AND OPENING
(09.00 - 09.20)
Véronique Jeannin Opening

Véronique Jeannin
ESOMAR Director General

Mark Whiting

 

Programme introduction

Mark Whiting
Director of Marketing Intelligence Services, Moët Hennessy
GLOBAL LUXURY LANDSCAPE
(09.20 - 10.35)

Defining global luxury

Marc Cohen
Director, Ledbury Research


There are many reports estimating the size and growth of the luxury global sector market, but measuring the market is difficult, especially as the definition of “luxury” is open to interpretation.  Marc Cohen, a leading luxury specialist at Ledbury Research which focuses on understanding wealthy consumers, presents his view of the luxury and the luxury industry, facts and figures and trends on the industry worldwide, and its prospects in the future.

Kate Ancketill
Leading edge luxury on the global high street

Kate Ancketill
Managing Director, GDR Creative Intelligence


With 10 years in the design industry and 7 years in global trend analysis, Kate takes you on a visually spectacular global tour of luxury concepts in retail and leisure, covering innovative design of environments, technology and service.

LUXURY: NEW DIMENSIONS AND ETERNAL DILEMMAS
(10.55 - 12.10)
Paul Nunes Luxury brand dilemmas
Exclusivity in the age of mass affluence

Paul Nunes
Executive Research Fellow, Accenture Institute for High Performance Business and author of “Mass Affluence”


Income distribution is changing in the U.S. and around the globe, creating unprecedented access to conventional luxury. How are luxury companies and mass marketers responding to the growth of “mass affluence,” and what must luxury companies do to preserve and further exploit their advantages in this new age of unprecedented spending power? This presentation will cover trends in purchasing power, company strategies that are leading to the democratization of luxury, and imperatives for luxury companies hoping to thrive in this new era.

Nick Compton The new luxe

Nick Compton
Features Editor, Wallpaper*


The exclusive are even more elusive ……although global luxury goods sales are reported to be on the up, the most sophisticated consumer is developing a different concept of luxury; their objects of desire have become intangible.  Nick Compton, Features Editor at Wallpaper* reports on the phenomena of “luxury” in contemporary society.

KEYNOTE INTERVIEW
(12.10 - 13.00)

Fabrizio Gaggio

KEYNOTE
Hotel in fashion

Fabrizio Gaggio
CEO, Lungarno Hotels

Fabrizio Gaggio is the CEO of Lungarno Hotels, the Italian hospitality company of the Salvatore Ferragamo Group based in Florence.   In 1995, the Ferragamo family decided to diversify into the luxury hotel business. 

Stan Stalnaker

GUEST INTERVIEWER

Stan Stalnaker
Founder, Hub Culture

Guest interviewer Stan Stalnaker, a noted cultural commentator and Founder of Hub Culture joins Fabrizio on stage to discover the compelling story of how the Ferragamo family’s philosophy and vision has created the luxury experience, without the “Salvatore Ferragamo” branding. 

THE BUSINESS CASE FOR THE LUXURY EXPERIENCE
(14.30 - 17.30)
Joe Ferry
Nothing is luxurious

Joe Ferry
Head of Design & Service Design, Virgin Atlantic Airways

When travelling long haul, there are many elements in the customer experience that add enormous value, by their absence. Joe Ferry’s compelling story demonstrates how Virgin Atlantic concentrates on the entire customer experience to add value, at each touch point, by combining both design and service design in the development of all innovations and concepts.
 
  A different retail format for the luxury industry

Massimiliano Benedetti
Global Sales & Marketing Director
YOOX Group


With so many high net worth individuals on the Internet, how can luxury brands reach them online and create the ultimate luxury retail experience on a screen? Are new business models such as luxury discounter websites a threat or an opportunity for ‘traditional’ brands?

Roland Heiler
“Active Luxury"
The effects of being authentic


Roland Heiler
Managing Director, Porsche Design


Every branded luxury product is a promise. Keeping that promise is essential for the long-term success of a luxury brand. But keeping that promise often means withstanding commercial temptations, it also means careful control of the distribution channels. Above all, it means delivering the content and quality the customer associates with the brand.

The Philosophy of Porsche Design has its roots in the car company. It is about driving, not about being driven. Engineered Luxury is about experiencing and not about being served. Roland Heiler’s presentation explores how the principle of “Active Luxury” can be successfully applied to a diverse range of products.

19.30 - 21.30 NETWORKING DINNER
Ristorante Borgo san Jacopo
Hotel Lungarno (Borgo San Jacopo 14)

Sponsored by: Il Senso del Lusso – Fiere di Parma

FRIDAY 11 MAY
KEYNOTE INTERVIEW
(09.00 - 09.30)
Michele Norsa

Stan Stalnaker

 

KEYNOTE

Michele Norsa
CEO, Salvatore Ferragamo

Michele Norsa is chief executive of Salvatore Ferragamo, the Italian luxury goods group.  Mr Norsa speaks with guest interviewer Stan Stalnaker about the challenges of managing a global brand whilst still retaining its exclusivity and talks about his future plans for business growth.


THE LUXURY CONSUMER
(09.30 - 10.45)
Ben Wood
 Paul McGowan
The drivers and dynamics of luxury desire

Ben Wood
Business Development Director, Added-Value

Paul McGowan
CEO, Global Clients, Added-Value


Traditional luxury 'rules' are being challenged as the luxury market explodes across a range of new geographies and targets. This presentation explores:
  • The key drivers of luxury desire and how they vary per market and target
  • The dynamic between mature and emerging luxury markets
  • The archetypes of seduction that brands embody to arouse desire and connect with different targets
Mark Whiting
Who has the power to kill a brand?

Mark Whiting
Director of Marketing Intelligence Services, Moët Hennessy

Mark explores the power of the consumer and ultimately how they can relegate a brand. His message is clear, brands need to co-create and craft a dialogue with the consumer, rather than a monologue.


Simon Wilson

The dilemma of choice

Simon Wilson
Director, The Hasley Group


The luxury market is a melting pot of constant product and service innovation, complex demand structures and the transient emotional, rather than rational, needs of a highly independent and individual customer body.

Simon explores the relationship of the target customer to the luxury consumer group as a whole, how these consumers gather information about the various segments and how this feeds into the luxury purchase funnel. He also explores the marked difference between the way men and women view luxury goods and services and the potential seismic effect that the Generation X cohort will have in the future.

MASTERCLASS
(11.05 - 13.10)
How to gain insights about luxury consumers
This interactive session deep dives into the world of the luxury consumer and discusses how these insights can be leveraged for business growth. 
Participants will be challenged in a fun but insightful exercise, to develop a new product/service for an existing luxury brand with the assistance of an expert panel.
Consideration will be given to:
  • How to reach true luxury consumers/high net worth individuals so that insights can be leveraged?
  • Should you take everything they say at face value?
  • Where can you find other sources of insight?
  • What techniques are best for exploring purchase decisions that are based on desire and impulse rather than rationality?
Participants will leave the masterclass with a wealth of learning and inspiration together with practical tips on the best way to research the luxury consumer.

FERRAGAMO EXPERIENCE
(14.15 - 16.00)

A personal tour of the Salvatore Ferragamo headquarters and museum.

Piazza Santa Trinita

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