CONSUMERS

Opinion: Heritage and Disruption Rule in Luxury, But Is There a Third Path To Success?

by

Susanna Nicoletti

|

While some luxury companies are leveraging their heritage, others are dramatically disrupting their brands to meet consumer needs, but is there a third path to success in the luxury market to consider?

In the constant evolution of luxury industry, it appears there are only two solutions in which brands embark on to capture consumer attention. It is either obsessively trying to protect their heritage while trying to keep pace with the times as seen with Ferragamo and Ralph Lauren, or disrupting their brand by recreating new collections, bestseller items and overhauling their brand image, like Gucci and Saint Laurent.

While some brands try to find the balance between their codes and the unavoidable evolution that the industry and changing consumer expectations are forcing, other are pursuing specific consumer targets (Chinese Millennials and Gen Z), doing whatever it is needed to increase sales in the short term.

It appears that the most successful way to achieve massive turnover growth is dramatically adapting a brand to the most affluent consumer’s needs, which can lead to brand deconstruction and reconstruction on different basis and codes depending on the trends.

But, is that all? Is there a third path that could set a different pace for a long term successful revenues growth and brand evolution? Is there a third solution between disruption and survival mode?

Despite the gigantic business dimensions of fashion and luxury, the key success factor in the industry is still determined by non-quantitative factors: creativity, vision, courage, passion, knowledge.

There is no business plan, not even the most sophisticated one made up of deep data analysis or machine learning merchandising, that can boost a brand’s growth in the medium to long term.

It’s the human factor that makes the difference and cannot be replaced nor forced into pure business metrics.

Saint Laurent. Autumn/Winter 2019 Campaign.
Photo: Courtesy.

Some creative directors have left an unforgettable trace in the story of a brand, even after their departure. Phoebe Philo is one of those. Her sharp vision and feminist attitude redefined the industry, and her work at Céline reshaped how women wanted to dress. We often talk about empowering women. She did it. Just like Gabrielle Chanel did in the past century. The same bold women. A strong brand vision. With the passion and courage to walk off the beaten track.

Martin Margiela is another example, particularly for his “think there is no box” vision of fashion. And he is greatly narrated in the “Margiela. The Hermès years” book. “The biggest change (Margiela) brought to Hermès was the use of tones instead of colours, which prioritise the woman who wears them. She is distinguished instead of being the show” Marie-Claude Gallien (the studio director for women for ready to wear at the French maison) wrote in the book.

“He not only made collections ‘à la Margiela for Hermès’, but he also made articles that were ‘more Hermès than Hermès’, by purifying rather than adding, said Stephane Wargnier, the then Communication Director.

“From time to time, there needs to be someone who comes along and offers a sane, pragmatic alternative. That’s why, when subsequent generations of designers rise to think along those lines, they all turn to look at Margiela. The echoes of what he did, so quietly and unsensationally at Hermès, still play through fashion now. Little-reported as they were at the time, the influence and legacy of those collections lives on” added fashion journalist Sarah Mower.

Can we say that Philo and Margiela are part of the same side of the coin: once they were called innovators and now their values are considered heritage?

I asked some questions to Barbara Curti, a Milanese professional of the fashion and luxury industry whose job title is ‘Chief Memory Officer’ of the Archivio Albini.

Walter Albini is not presently widely renown like Armani or Versace, but in fact he was the man who created the Italian Prét-à-porter deciding to show its first collection in Milan, instead of Florence. Albini was defined “stilista” by his dear friend fashion writer Anna Piaggi and a true innovator who paved the way for what we know today as Made in Italy.

“In the ‘70s, Albini worked closely with factories and artisans, establishing new relations and creating a new silhouette, lighter, more wearable allowing fashion to become more accessible to women,” said Curti. “He created the ‘total look’ and the concept of ‘lifestyle’ evolving the fashion designer into an interior and furniture designer with a rounded vision of style. He also introduced the main collections and second, more accessible lines, he created his own advertising campaigns, the set up and music of the fashion shows and he used stunning, unusual locations such as Café Florian in Venice.”

In sum, Albini was an innovator who left beautiful collections and disrupted the fashion system. His archives are cared by Curti who underlines the importance of “memory” in fashion.

“To keep the memory of the past is crucial. It’s true that everything changes but it is also true that everything is related. Memory helps in finding the right inspiration in order to encourage change and innovation,” explained Curti.

“And the chief memory officer has the objective to preserve and transmit the memory as well as, thanks to its knowledge of the matter, to become the key go-to person creating on a daily basis the brand image of the company, thanks to a constant work of editing of the collections and brand materials to be kept, choosing the ones that have been relevant in the past and that are key today for the brand as well as for its future.”

I believe this concept of memory offers a third way for brands to consider their long term success and brand evolution. Memory (that is not nostalgia) is an active attitude that any brand must nurture and encourage in order to properly evolve.

While heritage is related to a more static, untouchable set of assets of a brand that might favour the risk of immobility, memory is a dynamic concept that helps any brand to have sense thanks to the awareness of its history, its strengths and its key chapters while keeping a door open for the present and the future.

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Memory is keeping the sense of belonging and the sense of the evolution of a brand while constantly adapting and changing. Valentino is an interesting example of this open innovation attitude. They are not stuck in the past, they continue to introduce new products and categories while keeping a strong fil rouge supported by living archives and dynamic memory. The inspiration takes a look at the past to develop new, contemporary flamboyant chic collections that are getting the attention also of the youngest customers.

Creation and innovation can rely on the past if they follow a path of continuous inspiration and change. Memory is the fil rouge that links a brand with its past while projecting it into the future. Memory is the future.

Cover Image: Ralph Lauren. Photo: Courtesy.

Susanna Nicoletti
Susanna Nicoletti

Brand Catalyst and Founder of LuxFashion

Susanna Nicoletti is a Marketing, Digital and Communication Senior Executive in the fashion and luxury industry with a track record in top global groups and brands. A Brand Catalyst helping fashion and luxury brands building authentic leadership thanks to long lasting, strong Brand Equity and successful Business Growth Management. A Business and Strategy Writer. Explorer of new luxury and fashion marketing frontiers.

CONSUMERS

Opinion: Heritage and Disruption Rule in Luxury, But Is There a Third Path To Success?

by

Susanna Nicoletti

|

While some luxury companies are leveraging their heritage, others are dramatically disrupting their brands to meet consumer needs, but is there a third path to success in the luxury market to consider?

In the constant evolution of luxury industry, it appears there are only two solutions in which brands embark on to capture consumer attention. It is either obsessively trying to protect their heritage while trying to keep pace with the times as seen with Ferragamo and Ralph Lauren, or disrupting their brand by recreating new collections, bestseller items and overhauling their brand image, like Gucci and Saint Laurent.

While some brands try to find the balance between their codes and the unavoidable evolution that the industry and changing consumer expectations are forcing, other are pursuing specific consumer targets (Chinese Millennials and Gen Z), doing whatever it is needed to increase sales in the short term.

It appears that the most successful way to achieve massive turnover growth is dramatically adapting a brand to the most affluent consumer’s needs, which can lead to brand deconstruction and reconstruction on different basis and codes depending on the trends.

But, is that all? Is there a third path that could set a different pace for a long term successful revenues growth and brand evolution? Is there a third solution between disruption and survival mode?

Despite the gigantic business dimensions of fashion and luxury, the key success factor in the industry is still determined by non-quantitative factors: creativity, vision, courage, passion, knowledge.

There is no business plan, not even the most sophisticated one made up of deep data analysis or machine learning merchandising, that can boost a brand’s growth in the medium to long term.

It’s the human factor that makes the difference and cannot be replaced nor forced into pure business metrics.

Saint Laurent. Autumn/Winter 2019 Campaign.
Photo: Courtesy.

Some creative directors have left an unforgettable trace in the story of a brand, even after their departure. Phoebe Philo is one of those. Her sharp vision and feminist attitude redefined the industry, and her work at Céline reshaped how women wanted to dress. We often talk about empowering women. She did it. Just like Gabrielle Chanel did in the past century. The same bold women. A strong brand vision. With the passion and courage to walk off the beaten track.

Martin Margiela is another example, particularly for his “think there is no box” vision of fashion. And he is greatly narrated in the “Margiela. The Hermès years” book. “The biggest change (Margiela) brought to Hermès was the use of tones instead of colours, which prioritise the woman who wears them. She is distinguished instead of being the show” Marie-Claude Gallien (the studio director for women for ready to wear at the French maison) wrote in the book.

“He not only made collections ‘à la Margiela for Hermès’, but he also made articles that were ‘more Hermès than Hermès’, by purifying rather than adding, said Stephane Wargnier, the then Communication Director.

“From time to time, there needs to be someone who comes along and offers a sane, pragmatic alternative. That’s why, when subsequent generations of designers rise to think along those lines, they all turn to look at Margiela. The echoes of what he did, so quietly and unsensationally at Hermès, still play through fashion now. Little-reported as they were at the time, the influence and legacy of those collections lives on” added fashion journalist Sarah Mower.

Can we say that Philo and Margiela are part of the same side of the coin: once they were called innovators and now their values are considered heritage?

I asked some questions to Barbara Curti, a Milanese professional of the fashion and luxury industry whose job title is ‘Chief Memory Officer’ of the Archivio Albini.

Walter Albini is not presently widely renown like Armani or Versace, but in fact he was the man who created the Italian Prét-à-porter deciding to show its first collection in Milan, instead of Florence. Albini was defined “stilista” by his dear friend fashion writer Anna Piaggi and a true innovator who paved the way for what we know today as Made in Italy.

“In the ‘70s, Albini worked closely with factories and artisans, establishing new relations and creating a new silhouette, lighter, more wearable allowing fashion to become more accessible to women,” said Curti. “He created the ‘total look’ and the concept of ‘lifestyle’ evolving the fashion designer into an interior and furniture designer with a rounded vision of style. He also introduced the main collections and second, more accessible lines, he created his own advertising campaigns, the set up and music of the fashion shows and he used stunning, unusual locations such as Café Florian in Venice.”

In sum, Albini was an innovator who left beautiful collections and disrupted the fashion system. His archives are cared by Curti who underlines the importance of “memory” in fashion.

“To keep the memory of the past is crucial. It’s true that everything changes but it is also true that everything is related. Memory helps in finding the right inspiration in order to encourage change and innovation,” explained Curti.

“And the chief memory officer has the objective to preserve and transmit the memory as well as, thanks to its knowledge of the matter, to become the key go-to person creating on a daily basis the brand image of the company, thanks to a constant work of editing of the collections and brand materials to be kept, choosing the ones that have been relevant in the past and that are key today for the brand as well as for its future.”

I believe this concept of memory offers a third way for brands to consider their long term success and brand evolution. Memory (that is not nostalgia) is an active attitude that any brand must nurture and encourage in order to properly evolve.

While heritage is related to a more static, untouchable set of assets of a brand that might favour the risk of immobility, memory is a dynamic concept that helps any brand to have sense thanks to the awareness of its history, its strengths and its key chapters while keeping a door open for the present and the future.

Join Luxury Society to have more articles like this delivered directly to your inbox

Memory is keeping the sense of belonging and the sense of the evolution of a brand while constantly adapting and changing. Valentino is an interesting example of this open innovation attitude. They are not stuck in the past, they continue to introduce new products and categories while keeping a strong fil rouge supported by living archives and dynamic memory. The inspiration takes a look at the past to develop new, contemporary flamboyant chic collections that are getting the attention also of the youngest customers.

Creation and innovation can rely on the past if they follow a path of continuous inspiration and change. Memory is the fil rouge that links a brand with its past while projecting it into the future. Memory is the future.

Cover Image: Ralph Lauren. Photo: Courtesy.

Susanna Nicoletti
Susanna Nicoletti

Brand Catalyst and Founder of LuxFashion

Susanna Nicoletti is a Marketing, Digital and Communication Senior Executive in the fashion and luxury industry with a track record in top global groups and brands. A Brand Catalyst helping fashion and luxury brands building authentic leadership thanks to long lasting, strong Brand Equity and successful Business Growth Management. A Business and Strategy Writer. Explorer of new luxury and fashion marketing frontiers.

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