Lola701
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The reality is that with the kind of talents they have been able to attract, from Bailey to Lee, Burberry’s image is already above Coach. Unfortunately, their delusional pricing coupled with the outlets gives a very MK vibe.
What I think the Burberry issue has raised as a question is the pricing, which is an important part of a success of a brand.
The reason why a brand like Louis Vuitton can thrive is because they have a very great pricing coupled with a very great distribution.
Even if Burberry kept a competitive and relevant to the brand pricing but had a very selective distribution, it would have been a success.
Because precisely, the quality of designs that Bailey, Tisci or Lee offered is off the top luxury brands, the aspirational customer would have consumed it perfectly.
The flop of Burberry is solely due to greedy executives.
It would be as if LVMH tried to make Kenzo a luxury brand again. Nobody would buy it (and nobody is buying it already).
What I think the Burberry issue has raised as a question is the pricing, which is an important part of a success of a brand.
The reason why a brand like Louis Vuitton can thrive is because they have a very great pricing coupled with a very great distribution.
Even if Burberry kept a competitive and relevant to the brand pricing but had a very selective distribution, it would have been a success.
Because precisely, the quality of designs that Bailey, Tisci or Lee offered is off the top luxury brands, the aspirational customer would have consumed it perfectly.
The flop of Burberry is solely due to greedy executives.
It would be as if LVMH tried to make Kenzo a luxury brand again. Nobody would buy it (and nobody is buying it already).