Getting Real with AI - Columbus DAW - May 2024 - Nick Woo from AlignAI
Zegna Brand Audit
1. Ermenegildo Zegna
in China
Brand Audit
Prof. Cervellon
International University of Monaco
Marketing for Luxury Goods and Services
Justin d’Anethan
Tuesday 6 December 2011
2. Interesting Facts,
Interesting Moments...
Beginning in 1910
British competition - creating momentum for
quality and innovation
Ermenegildo Zegna goes abroad
The 50’s and the beginning of a new era
Providing textile for famous fashion brands
A dream realized, Ermenegildo Zegna is fully
integrated
A family business - from Tivero to the world
First luxury menswear in China - a winning bet
Tuesday 6 December 2011
3. Ermenegildo Zegna
in Numbers and Figures
Revenues = 963’000’000 €
Number of employees = over 7’000
Estimated market share in the tailor-made suit
industry (not menswear) = 30% +/-
“Over 90% of sales were exports to Europe,
America and Asia, the latter accounting for 46%.
China, Hong Kong, Russia, Brazil and India,
together with a number of other emerging
nations, account for 40% of the Group’s sales.”
Tuesday 6 December 2011
4. How The Market Is Moving...
The luxury industry is growing
China represents the booming market today,
likely to be for a long time...
Lower counterfeiting and greater education about
luxury and quality brands on the consumer side
Need for digitalization and online presence
Cultural need for status and personal positioning
in society
The ‘Bling’ factor still has importance in the
mindset but customers are becoming more aware
of heritage and tradition brands
Chinese consumers buy even if they cannot afford
it
Tuesday 6 December 2011
5. How The Market Will Be Moving...
Need for -flawless- experiences beyond the core
product
Decreasing need of western brands to the
advantage of more local ones
Increase in tourism
Absolute and aspirational luxuries are the two
segments which will grow most
Tuesday 6 December 2011
6. Who Is Ermenegildo Zegna’s Target
Customer
Male
Shanghai, Beijing, Guangzhou, Tier II cities,
International
High net worth
Between 35 and 50 years old
Strong education and a working position
High lifestyle
International dimension
How status pushes to go the extra step
Tuesday 6 December 2011
9. How promotion is done at E.Z.
Advertising
Magazines
Official Website
Sales
Celebrity Endorsement
Non Ad Promotion
Events
Fashion Shows
Social Network
Newsletters
Foundations - Oasi Zegna, Casa Zegna and Fondazione
Zegna
Celebrities
Tuesday 6 December 2011
12. Proposed Recommendations
Increase options and services online
clearer strategy on social networks
environmental friendly or ethical cause project in
Mainland China
Start investing in Tier 2 and Tier 3 cities
Use Chinese celebrity for local advertising
campaign (proposed: Bd Wong, Nicky Wu, Andy
Lau,...)
Strive for further innovations
Tuesday 6 December 2011
13. Thank you !
Any questions...?
Any comments...?
Tuesday 6 December 2011
