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Same same but different.
Eight things we’ve learned about fashion branding.
                                            2011.11.28.
Hello.
Let’s start with
a list about
fashion brands.
Same same   but different.
Same same                          but different.
1.  A brand is
    not a logo.

2.  Strong brands are based
    on simple distinctive ideas.

3.  Strong brands drive
    organizational performance.

4.  Imagination is more
    important than resources.
Same same                          but different.
1.  A brand is                     5.  Creators trump
    not a logo.                        consumers.

2.  Strong brands are based        6.  Emotion trumps
    on simple distinctive ideas.       function.

3.  Strong brands drive            7.  Stretch trumps
    organizational performance.        category.

4.  Imagination is more            8.  Exclusion trumps
    important than resources.          inclusion.
One.
A brand is
not a logo.
A brand is the
collection of
perceptions
your audience
has about you.
“A brand is a living
 entity, it is enriched
 or undermined
 cumulatively over
 time. It is the product
 of a thousand small
 gestures.”
               Michael Eisner
           Former CEO, Disney
Where most companies focus.

 Advertising

 Word of mouth

 Publications
 and literature

 Websites
                  Comms.
 Sponsorships

 Social media
                       Your Brand
What really builds the brand.

  Advertising                               Collections
  Word of mouth                             Collaborations

  Publications                              Special editions
  and literature                            Packaging
  Websites                                  Licensing
                   Comms.        Products   Accessories
  Sponsorships

  Social media
                         Your Brand
  Retail                                    Creator
  environments
                                            Spokespeople
  Offices           Places        People    Consumers
  Buildings
                                            Retail customers
  Shows
                                            Employees
  Fairs
                                            Community
  Events
                                            Media
One for one.
Two.
Strong brands are
based on simple
distinctive ideas.
FACT:
Our brains act
as filters to protect
us from too much
information.
FACT:
We’re hardwired
to notice only
what’s different.
The heart of euphoric fun.
The Ice Man Cometh:
PPR Dips Into Unilever
For New CEO of Gucci
AMSTERDAM — What do frozen fish and ice cream
have to do with $8,000 crocodile handbags? Robert
Polet is about to find out.

Pinault-Printemps-Redoute on Wednesday named
Polet to replace Domenico De Sole as president and
chief executive officer of Gucci Group, reaching, as
widely expected, into a universe far from the realm
of luxury goods. Currently president of Unilever’s
$7.8-billion ice cream and frozen food division, the
48-year-old Dutch national assumes the helm of
Gucci Group July 1, trading brands like Popsicle
and Ben and Jerry’s for Yves Saint Laurent and
Bottega Veneta.
Gucci Group in April 2004.
CEO and creative director depart.
Half of the top 40 executives left.
Five brands are loss-making.
YSL thought to be a lost cause.
Seductive.
  Powerful.
Accomplished.
Gucci Group in April 2007.
Loss-making lines return to profit.
Margin up by 60%.
Stock price up by 50%.
Three.
Strong brands drive
organizational
performance.
“The GE brand may be
 our least tangible, yet
 most valuable asset.”
                  Jack Welch
              Former CEO, GE
Brand contribution by industry


80–95%
              50-85%


                          40-70%



                                    30-50%      15-50%


                                                           5-35%



                                                                         8-20%
                                                                                       5-15%
                                                                                                   5-10%


  Luxury       Spirits   Consumer White goods   Telecom   Financial   Retail petrol   Utilities     Bulk
   Goods                 electronics                      services                                chemicals




Source: Millward Brown Optimor
Luxury brand valuations.
Four.
Imagination is
more important
than resources.
1982.
New York City.
6 th Av. & 56th St.
Same same                          but different.
1.  A brand is
    not a logo.
    TOM’S

2.  Strong brands are based
    on simple distinctive ideas.
    Gucci

3.  Strong brands drive
    organizational performance.
    Top luxury brands

4.  Imagination is more
    important than resources.
    Kenneth Cole
Five.
Creators trump
consumers.
Can you imagine Tom Ford
  asking Alan about what
   size his lapel should be?
Six.
Emotion trumps
function.
Are you really
buying a sweater?
Seven.
Stretch trumps
category.
Revenue        Percent
        EUR millions         .



          722.4         32.4%


          632.9         28.4%


          302.0         13.6%


          261.9         11.8%


          244.4         11.0%


            51.5         2.3%


Other       12.8         0.6%


Total   2,227.9         100%
Eight.
Exclusion trumps
inclusion.
Size 8
Size 16
“What I really didn't
 like was that certain
 fashion sizes were
 made bigger. What I
 created was fashion for
 slim, slender people.
 That was the original
 idea. Incomprehensible
 decisions made by the
 management have
 removed any desire I
 had to do something
 like that again.”
               Karl Lagerfeld
Same same                          but different.
1.  A brand is                     5.  Creators trump
    not a logo.                        consumers.
    TOM’S                              Tom Ford

2.  Strong brands are based        6.  Emotion trumps
    on simple distinctive ideas.       function.
    Gucci                              Benetton

3.  Strong brands drive            7.  Stretch trumps
    organizational performance.        category.
    Top luxury brands                  Armani

4.  Imagination is more            8.  Exclusion trumps
    important than resources.          inclusion.
    Kenneth Cole                       H&M x Karl Lagerfeld
Building the
next generation
of fashion brands
is up to you.
We’re hiring in
Singapore, Hong
Kong and Beijing.
zoran@shiftpartners.com
facebook.com/shiftpartners

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SAME SAME BUT DIFFERENT: Eight things we've learned about fashion branding.

  • 1. Same same but different. Eight things we’ve learned about fashion branding. 2011.11.28.
  • 3. Let’s start with a list about fashion brands.
  • 4. Same same but different.
  • 5. Same same but different. 1.  A brand is not a logo. 2.  Strong brands are based on simple distinctive ideas. 3.  Strong brands drive organizational performance. 4.  Imagination is more important than resources.
  • 6. Same same but different. 1.  A brand is 5.  Creators trump not a logo. consumers. 2.  Strong brands are based 6.  Emotion trumps on simple distinctive ideas. function. 3.  Strong brands drive 7.  Stretch trumps organizational performance. category. 4.  Imagination is more 8.  Exclusion trumps important than resources. inclusion.
  • 8.
  • 9. A brand is the collection of perceptions your audience has about you.
  • 10. “A brand is a living entity, it is enriched or undermined cumulatively over time. It is the product of a thousand small gestures.” Michael Eisner Former CEO, Disney
  • 11. Where most companies focus. Advertising Word of mouth Publications and literature Websites Comms. Sponsorships Social media Your Brand
  • 12. What really builds the brand. Advertising Collections Word of mouth Collaborations Publications Special editions and literature Packaging Websites Licensing Comms. Products Accessories Sponsorships Social media Your Brand Retail Creator environments Spokespeople Offices Places People Consumers Buildings Retail customers Shows Employees Fairs Community Events Media
  • 13.
  • 15. Two. Strong brands are based on simple distinctive ideas.
  • 16. FACT: Our brains act as filters to protect us from too much information.
  • 17.
  • 18. FACT: We’re hardwired to notice only what’s different.
  • 19.
  • 20.
  • 21.
  • 22. The heart of euphoric fun.
  • 23.
  • 24. The Ice Man Cometh: PPR Dips Into Unilever For New CEO of Gucci AMSTERDAM — What do frozen fish and ice cream have to do with $8,000 crocodile handbags? Robert Polet is about to find out. Pinault-Printemps-Redoute on Wednesday named Polet to replace Domenico De Sole as president and chief executive officer of Gucci Group, reaching, as widely expected, into a universe far from the realm of luxury goods. Currently president of Unilever’s $7.8-billion ice cream and frozen food division, the 48-year-old Dutch national assumes the helm of Gucci Group July 1, trading brands like Popsicle and Ben and Jerry’s for Yves Saint Laurent and Bottega Veneta.
  • 25. Gucci Group in April 2004. CEO and creative director depart. Half of the top 40 executives left. Five brands are loss-making. YSL thought to be a lost cause.
  • 26.
  • 28. Gucci Group in April 2007. Loss-making lines return to profit. Margin up by 60%. Stock price up by 50%.
  • 30. “The GE brand may be our least tangible, yet most valuable asset.” Jack Welch Former CEO, GE
  • 31. Brand contribution by industry 80–95% 50-85% 40-70% 30-50% 15-50% 5-35% 8-20% 5-15% 5-10% Luxury Spirits Consumer White goods Telecom Financial Retail petrol Utilities Bulk Goods electronics services chemicals Source: Millward Brown Optimor
  • 34.
  • 35. 1982. New York City. 6 th Av. & 56th St.
  • 36.
  • 37. Same same but different. 1.  A brand is not a logo. TOM’S 2.  Strong brands are based on simple distinctive ideas. Gucci 3.  Strong brands drive organizational performance. Top luxury brands 4.  Imagination is more important than resources. Kenneth Cole
  • 39.
  • 40. Can you imagine Tom Ford asking Alan about what size his lapel should be?
  • 42.
  • 43.
  • 44. Are you really buying a sweater?
  • 45.
  • 46.
  • 47.
  • 48.
  • 49.
  • 50.
  • 52.
  • 53.
  • 54.
  • 55. Revenue Percent EUR millions . 722.4 32.4% 632.9 28.4% 302.0 13.6% 261.9 11.8% 244.4 11.0% 51.5 2.3% Other 12.8 0.6% Total 2,227.9 100%
  • 57.
  • 58.
  • 61. “What I really didn't like was that certain fashion sizes were made bigger. What I created was fashion for slim, slender people. That was the original idea. Incomprehensible decisions made by the management have removed any desire I had to do something like that again.” Karl Lagerfeld
  • 62. Same same but different. 1.  A brand is 5.  Creators trump not a logo. consumers. TOM’S Tom Ford 2.  Strong brands are based 6.  Emotion trumps on simple distinctive ideas. function. Gucci Benetton 3.  Strong brands drive 7.  Stretch trumps organizational performance. category. Top luxury brands Armani 4.  Imagination is more 8.  Exclusion trumps important than resources. inclusion. Kenneth Cole H&M x Karl Lagerfeld
  • 63. Building the next generation of fashion brands is up to you.
  • 64. We’re hiring in Singapore, Hong Kong and Beijing. zoran@shiftpartners.com facebook.com/shiftpartners