Month: February 2014

Five Minutes to Know Michael Kors

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Michael Kors is an American fashion brand, founded by designer Michael Kors more than 30 years ago in New York. It provides simple but stylish design.  It is famous for precious materials, cashmere knitwear and luxury sportswear.

The brand offers two collections: the Michael Kors luxury collection and the MICHAEL Michael Kors accessible luxury collection. The Michael Kors collection is publicized by semi-annual runway shows. Lots of celebrities wear its ready-to-wear clothes for carpets or events, like supermodels Miranda Kerr and Alessandra Ambrosio. Besides apparel, this collection also offers handbags and accessories made from high quality leathers.

The MICHAEL Michael Kors collection is targeting younger consumers’ demand for accessible luxury products. The design is more practical and simple and the price is more reasonable. This collection focuses more on shoes and apparel which are less expensive than the other collection. For example, the price of this collection’s dress ranges from $84 to $325. In the Michael Kors collection, the price ranges from $795 to $4995.

Michael Kors was not as popular as it is now in 1980s. However, with the popularity of Grunge style,   the practical but luxurious brand met it first big growth. Its good performance in the market draws the attention of LVMH, the French luxury good group. Now Michael Kors is under LVMH. Mr. Kors was appointed as chief designer of Celine, a very famous French luxury brand.

Michael Kors grows in a fast speed since going public at the end of 2011. For example, according to luxe.co, in 2013, the revenue ups 59%. on February 4, the stock price went up 17% as the annual report of 2013 was publicized. Like most luxury brands, Kors benefits from three major strengths: appeal, availability, and pricing power. By Dec 28, 2013, there are 395 Michael Kors company run stores in the world and 138 licensed stores.

Mr. Kors, the founding designer, now has more than 1 billion assets because of 2% stock shares and other properties. He is a “practical dreamer” who designs clothes for practical but fashionable women. He has a famous saying like this:  it’s not a crime that luxury brands offer clothes which people can wear them out, instead of just walking on red carpets. Mr. Kors has received a number of awards, including the CFDA Women’s Fashion Designer of the Year (1999), the CFDA Men’s Fashion Designer of the Year (2003), the ACE Accessory Designer of the Year (2006) and the CFDA Lifetime Achievement Award (2010).

Reference:

Michael Kors (2014) Retrieved February 26, 2014, from http://www.michaelkors.com/

Corporate Profile, (2014). Retrieved February 26, 2014, from http://phx.corporate-ir.net/phoenix.zhtml?c=235654&p=irol-homeprofile

Marder, A. (2012) An Introduction to Michael Kors. Retrieved February 26, 2014, from http://www.fool.com/investing/general/2012/11/26/an-introduction-to-michael-kors.aspx

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Five Minutes to Know Furla

www.furla.com/us

     Furla is an Italian luxury brand which is famous for its simple and elegant design. It aims to be an expression of authentic Italian style, which means natural elegance, refinement and creativity. Its Italian design with style has made its mark on the international stage. Furlanetto founded it over 80 years ago and it still maintains family ownership combined with a managerial company structure. Furla express this way of management as a tradition that is constantly renewed.

      Furla’s most famous series of products is “Candy Bags”. They are candy shaped bags in jelly like material. They are often in bright colors like yellow, red, pink, light blue and orange. Furla discribes them like this on its website: “‘Candy Bag’, icon of the fusion between innovation, creativity and tradition that characterize the brand Furla, is realized in a soft and resistant special type of pvc.The lovely metal lock that decorates the zipper closure of the bag and the brilliant colors in which it is made of, let Candy Bag to be a functional and fabulous must-have. You can buy it on-line or in every Furla store.” This series is designed to reach younger consumers to show their beauty of youth.

      However, Furla now is more focused on promoting its bags other than Candy. The design emphasis more about the beauty of simplicity. Furla explains the design as Italian style, which means natural elegance, refinement and creativity. This kind of design targets to women in work place, while “Candy” is more suitable for weekend life. Besides handbags, Furla also produce accessories, watches and shoes.

      Advertising Campaign:SPRING/SUMMER 2014 “Creativity Speaks Italian“. This campaign was shot in Paris by the emerging photographer Marton Perlaki. The French model Maud Le Fort represents the sophisticated yet casual kind of contemporary women. Furla in its website, said this about its campaign: “The campaign traces a multiple aesthetic narrative, touching on Furla’s exclusive line of jewellery, in which a philosophy of elegance and versatility pervades not only the products, but the very identity of the brand, becoming a true lifestyle experience embracing every aspect of modern living. “

      Furla has a special project to interact with its consumers: WonderFurla. Consumers can upload their pictures in which they carry or wear a Furla product. Pictures will show on Furla’s websites and everyone can see how others are dressing to match Furla bags.

      Its headquarters is in Bologna, in a historic 18th century villa, and it has 320 stores (2013) all over the world, from London to Tokyo, New York to Singapore. The products of Furla can be seen in most internationally well-known shopping streets, like Via dei Condotti in Rome, Rue Saint-Honorè in Paris, Ginza in Tokyo, Madison Avenue in New York and Regent Street in London.

 

Reference:
Furla Weibo (2014), Retrieved February 12nd, 2014, from http://www.weibo.com/furlaofficial?topnav=1&wvr=5&topsug=1
Furla (2014),Retrieved February 12nd, 2014, from  www.furla.com