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EMERGENCE OF
MASSTIGE
MARKETING IN INDIA
MASSTIGE
• Masstige is a term introduced by Michael
Silverstein and Neil Fiske
• The term Masstige is derived from the words
OBJECTIVE:
To know whether Luxury products acquire new
customers without affecting the product image.
Research Methodology
SECONDARY DATA:
• Articles about masstige and by research papers
• Collected by interacting with corporate
personalities
• Dr. Justin Paul – Author of export management
EVOLUTION OF LUXURY MARKET
Due to a variety of reasons, the luxury market has
evolved into different types like
• a. Accessible Super Premium products which are
priced in such a way that middleclass will be able
to afford it.
• b. Old Luxury brands extending downwards to
catering to mass market
• c. Mass prestige brands or Masstige brands which
occupies the sweet spot between Mass and Class.
MASS MASSTIGE PRESTIGE
CAUSES OF MASSTIGE IN INDIA:
• Rise of Income
• Discount retailing
• Emotional awareness
• Nuclear Urban Families
CHALLENGES
• To retain the company’s image in the Niche
market
• To attain new customers without losing its old
loyal customers
• Acquiring customers without compromising on
the quality of the product
• Murjanis and Arvind Mills operate TOMMY HILFIGER through a Joint Venture
• In 2004, Tommy Hilfiger became the first global designer brand to tap India's
potential for super-premium fashion retail when Murjanis floated an equal
joint venture with Arvind.
• Tommy Hilfiger used the method of Masstige market In India by introducing
Watches , Apparels and Accessories.
• Middle class
• Aspirational tastes but
down-to-earth value-
consciousness.
• Kingfisher Airlines
MASSTIGE MARKETING IN INDIA:
FINDINGS
• Luxury and global brands are trying to
penetrate and acquire customers in India
• Luxury brands are now producing affordable
products under the same brand name
• The Brands are now providing its loyal
customers with loyalty cards, services as well
as exclusive products
Recommendations
CUSTOMER POINT OF VIEW:
• High quality products & services
at Reasonable prices
COMPANY’S POINT OF VIEW:
• To survive in the market
• To increase sales volumes
• Compete in the global market
Emergence of Masstige Marketing in India

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Emergence of Masstige Marketing in India

  • 2. MASSTIGE • Masstige is a term introduced by Michael Silverstein and Neil Fiske • The term Masstige is derived from the words
  • 3. OBJECTIVE: To know whether Luxury products acquire new customers without affecting the product image.
  • 4. Research Methodology SECONDARY DATA: • Articles about masstige and by research papers • Collected by interacting with corporate personalities • Dr. Justin Paul – Author of export management
  • 5. EVOLUTION OF LUXURY MARKET Due to a variety of reasons, the luxury market has evolved into different types like • a. Accessible Super Premium products which are priced in such a way that middleclass will be able to afford it. • b. Old Luxury brands extending downwards to catering to mass market • c. Mass prestige brands or Masstige brands which occupies the sweet spot between Mass and Class.
  • 7. CAUSES OF MASSTIGE IN INDIA: • Rise of Income • Discount retailing • Emotional awareness • Nuclear Urban Families
  • 8. CHALLENGES • To retain the company’s image in the Niche market • To attain new customers without losing its old loyal customers • Acquiring customers without compromising on the quality of the product
  • 9. • Murjanis and Arvind Mills operate TOMMY HILFIGER through a Joint Venture • In 2004, Tommy Hilfiger became the first global designer brand to tap India's potential for super-premium fashion retail when Murjanis floated an equal joint venture with Arvind. • Tommy Hilfiger used the method of Masstige market In India by introducing Watches , Apparels and Accessories.
  • 10. • Middle class • Aspirational tastes but down-to-earth value- consciousness. • Kingfisher Airlines MASSTIGE MARKETING IN INDIA:
  • 11. FINDINGS • Luxury and global brands are trying to penetrate and acquire customers in India • Luxury brands are now producing affordable products under the same brand name • The Brands are now providing its loyal customers with loyalty cards, services as well as exclusive products
  • 12. Recommendations CUSTOMER POINT OF VIEW: • High quality products & services at Reasonable prices COMPANY’S POINT OF VIEW: • To survive in the market • To increase sales volumes • Compete in the global market