A strategy by Gucci's CEO, who reportedly burned $10 million worth of unsold luxury products to maintain the exclusivity of the brand. 🤯🔥
The decision to burn unsold products was part of Gucci’s broader strategy to protect its brand image.
By de
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Vishu Bheda
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Medial • 5m
What are Some of The Best Brands That Ever Come Out From India in Terms of Solid Quality?
5 replies6 likes
Chamarti Sreekar
Passionate about Pos... • 5m
trend of luxury brands entering the world of sports:
* Luxury brands are increasingly partnering with athletes and sports teams to reach a broader audience and tap into the growing influence of athletes as cultural icons.
* This trend is being dr
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Arcane
○─○─○ • 8m
ONE INTERESTING OBSERVATION SERIES
DAY #16
Luxury goods consumers worldwide fall into five dominant groups, based on their motivations, profiles, values in luxury items, purchase reasoning, and age group.
1) Going Global:
People in this group don
Burberry burned $36,500,000 of clothes in one year.
Not because they couldn't sell them.
Because they didn't want YOU to have them.
The disturbing truth about luxury's dirtiest secret:
In 2018, a shocking line appeared in Burberry's annual report
Lenskart's Peyush Bansal, Dhanuka family members buy luxury apartments worth Rs 100 crore at DLF's The Camellias.
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SHAHBAZ AHMAD KHAN
Hey I am on Medial • 3m
Hey everyone!
I am an entrepreneur and i am launching a D2C vegan dress shoe brand for mens.
There is a huge gap in providing elegance along with luxury feel products.
My product will be high quality with elegant styles that will cater to the mid p
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Thakur Ambuj Singh
🚀 Entrepreneur | Re... • 3d
Quality Moat: Justifying premium prices with top-tier craftsmanship. Brands like Rolex, LVMH and Bose dominate by delivering superior products that customers trust
Decathlon revolutionized India’s unorganized sports retail market by targeting beginners (75%) and enthusiasts (25%), offering affordable yet high-quality products. Its immersive store design leverages the endowment effect, encouraging customers to t