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Proposition of new product line for Chanel made up within group of 4 participants of "Luxury brand management and product design" by London College of Fashion, 2011
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NEW TYPE OF PRODUCT
STUDY OF THE BRAND
CHANEL HISTORY
GABRIELLE CHANEL
Fashion designer. Born on August 19, 1883
The trademark are suits and little black dresses
.
1916 Chanel Launch the first Jersey Haut Couture,
Chanel’s little black dress
1920 Chanel created the first pair of trousers for woman
1924 First perfume, Chanel No. 5 and the first jewelry
collection
1926 Introduction of the legendary Chanel suit collarless
jacket and well-fitted skirt. Last days of corsets and other confining garments
1955 the matelassé and the chaine handle collection of
bags 2.55
1983 Karl Lagerfeld joined Chanel
BRAND HISTORY
PRODUCTS SEGMENTATION
LEATHER GOODS
Classic, iconic, eternal
SMALL LEATHER GOODS
Sofisticaded but pratical
SHOES
Byzance Collection Exuberant, Luxury, Riches.
ACCESSORIES
Precius Luxury
READY TO WEAR
Classy Fabulous
READY TO WEAR
Modern Elegante
HAUTE COUTURE WEEDDING DRESS
Purity Classic high hand made
HAUTE COUTURE
Eternal Classic Modern
PERFUMES
High quality luxury
MAKE UP
Dramatic intense
LICENSED PRODUCTS
Lifestyle
CHANEL`S NEW PRODUCT CATEGORY
Table Sets Porcelain Collection
JUSTIFICATION OF THE NEW TYPE OF PRODUCT
1. To increase the loyalty of existing customers
2. To contribute to the “total look” of the brand
3. To reinforce the trust on the high quality of the brand
4. To be a requiring brand
ANALYSIS OF THE EXISTING
Contemporary
Ethinic Japonese Casual
Floral Theme
Modern
SAMPLE OF DISHES
COMPETITIVE ANALYSIS
1. Rosenthal, since 1885, France
2. Versace by Rosenthal
3. Bernardaud, since 1863, France (Rue Royale)
4. Haviland, since 1842, France (Rue Royale)
5. Meissen, since 1708, Germany (Europe`s first porcelain)
6. Faïencerie de Niderviller since 1735, France
7. The Royal Crown Derby Porcelain Company, since 1878, UK
8. Hermes, since 1837, France
9. Merdinger, Switzerland, 3 gen.back
Rosenthal, since 1885, France
Versace by Rosenthal
100 €
since 1863, France (Rue Royale)
since 1708, Germany (Europe`s first porcelain producers)
400 €
100 €
since 1837, FranceFaïencerie de Niderviller since 1735, France
since 1878, UK
300€
Swiss brand, 3 generation back, using gold finishing in dishes
700 EU
TRENDBOOKSource of inspiration
CHANEL Essentiel
CHRISTMAS LIMITED COLLECTION
Byzance style
JEWELLERY COLLECTION
Camelia Baroque
PACKAGING
SEMIOTICS
Chanel brings the richness of Byzance to your Christmas table
CHANEL
SYMBOLS MEANINGS
ROUND SHAPE A classical shape for a dish
PORCELAIN Classic. Elegance.
traditional. High class
GOLD
Precious. Luxurious. Richness symbol. Sophistication + classicism.Christmas decoration.
ANCIENT THEMES (BYZANCE)
Past values: tradition, elegance. Homogeneity with Byzance collection 2010-2011.
CHANEL (NAME)Loyalty to the brand
NEW PRODUCT POSITIONING
Unaccessible
Accessible
Classic Modern
INNOVATION VALUE SCALE
0
• The product remains absolutely faithful to the
brand
• Traditional Chanel symbols are found in every table
set collection
• It follows the style already created for other
categories
LOW INNOVATION
MEDIUM INNOVATION
HIGH INNOVATION
15
NAMING OF THE PRODUCT
JEWELLERY COLLECTION
Created following the Chanel jewellery collection launched by the brand in 2010-11
CHANEL EssentielDesigned based on iconic Chanel signs and symbols
CHRISTMAS LIMITED COLLECTION
Christmas as a spirit of religious celebration. Byzantine art as based on religious symbols.
CLIENTS SEGMENTATION
SEGMENTATION TARGET
GEOGRAPHICAL Worldwide
DEMOGRAPHICAL Upper class, Middle and Older Age
PSYCHOLOGICALLooking for recognition, Status seekers
USE-RELATED Brand Loyalty
USE-SITUATIONEvents, Christmas, Marriage, and Anniversaries
POPS & PODS
POPS PODS
FINE BONE CHINA Best Quality Porcelain
HISTORICAL Chanel Spirit of unique designs
LUXURY Totally new product in Chanel
LIMIT EDITION Antique Collectors
FABULOUS DESIGNAttached to a unique Charismas Event
Coco Chanel Stores & Boutiques Worldwide
Website
Window Show in Prestigious Superstores
Promotional Gifts for Celebrities
Promotional Campaign
Launching time before the Charismas
Special Offer for Dealers and Agents Worldwide
DISTRIBUTION CHANNELS
FIX COST
UNITS 5,000 10,000 20,000
MOULDS Production cost
500 Euro 500 Euro 500 Euro
MOULDS Production Time
24h 24h 24h
Plan Cost/Unit
10 Euro 10 Euro 10 Euro
Total Cost 50,000 Euro 100,000 Euro 200,000 Euro
The calculation are based on 2 months production time
VARIABLE COST
UNITS 5,000 10,000 20,000
Porcelain 8 Euro 7 Euro 6 Euro
Coloring 7 Euro 6 Euro 5 Euro
Gold Plated 35 Euro 30 Euro 25 Euro
Packaging 30 Euro 25 Euro 20 Euro
Labor/ Unit 120 Euro 120 Euro 120 Euro
Total Variable Cost/Unit
200 Euro 188 Euro 176 Euro
The calculation are based on 2 months production time
RETAIL PRICE
UNITS 5,000 10,000 20,000
Fix Cost 10 10 10
Variable Cost 200 188 176
Total Production Cost
210 198 186
Retail Price/Unit 810 Euro 792 Euro 744 Euro
Capital Investment
1,100,000 Euro
2,080,000 Euro
3,720,000 Euro
The calculation are based on 400% basis
CONCLUSION
New product is expected to successful and be well
accepted in the market due to unique type of product by Chanel
Also it stands up the high quality and values of the brand
Loyal customer are supposed to embrace the new product
since it is love brand & lifestyle
Our recommendation is to start up with 5000 pcs limited edition and subsequently expand selection of dinnerware
PROJECT SUBMITTED BY:
Monica Soares
Ana Domingo
Mazin Balilah
Narmina Agayeva