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Journal Article
"Legendary Luxury Brands: Inventing the Future by Reaching to the Past"
Academy of Marketing Science Review
Author(s)
Unlike many other brands, luxury brands can enjoy remarkably enduring success. This paper presents an interview with a senior executive responsible for marketing Maison Louis Roederer’s champagnes, including the legendary Cristal, in the United States for the last 20 years. We explore the differences between luxury and mass-market brands, the role of creative vision, how brands remain relevant through innovation while remaining faithful to their history, and how luxury brands create passionate buyers who seek to be a part of the brand, not simply consumers of the brand. We conclude with a discussion of the implications for market orientation, understanding consumers as fans, and other future research topics. Keywords: Luxury, branding, market orientation, competitive advantage.
Date Published:
2021
Citations:
Carpenter, Gregory, Xavier Barlier. 2021. "Legendary Luxury Brands: Inventing the Future by Reaching to the Past". Academy of Marketing Science Review. (3-4)464-470.