Introduction: Growth issues for luxury
Part One How luxury is changing
01 Sustaining the luxury dream: challenges and insights
An industry like no other
The future(s) of luxury
The rise of fashion: from dream to contagion of desires
Facing high demand and abandoning rarity
How will China influence the dream?
The challenges of the internet
Against the blurring of lines: re-create the gap, transgress the codes
Sustainable development: the future dream of luxury
02 Abundant rarity: the key to luxury growth
Luxury financial dream
The many meanings of luxury
How scarcity creates value
From scarcity to qualitative rarity
Introducing virtual rarity
From craft to art: elitism for all
The new reality of Asia: egalitarian luxury?
Is the cult of luxury religious?
Nurturing the symbolic power of the luxury brand
Short-term or long-term policy?
Conclusion and clues for entrepreneurs
03 The artification of luxury: from artisans to artists
The challenge of growth for luxury companies
The radical transformation of luxury today
How growth creates two major problems for luxury brands
Luxury growth and the rising issue of legitimization
Why art now? Becoming an industry
A short history of the relationship between art and luxury
What's in art for luxury?
Entering new countries through art
How artification involves all art institutions
Involving all artists at all levels of the value chain
The multiple media of artification
Conclusion: an ambitious vision for luxury?
Part Two Specific issues and challenges
04 Luxury after the crisis: pro logo or no logo?
From absolute to relative luxury
Modern economics trigger status needs
Adapting the price and logo to different segments
Why conspicuousness will come back: it never left!
Back to luxury?
05 Why luxury should not delocalize: a critique of a growing tendency
From a well-kept secret to overt announcement
Luxury: do not confuse the concept, the sector and the business model
Luxury brand building is about building incomparability
Do not confuse luxury, fashion and premium business models
The consumer opinion on delocalization
Sustaining 'made in' as a real brand
The challenges of non-delocalization
06 Internet and luxury: under-adopted or ill-adapted?
The new frontier of luxury
Luxury and the internet: a reciprocal myopia
Revisiting the potentialities of the web
Clouds over the internet: the loss of control
Adapting the luxury organization to the web
Transforming the web to adapt to luxury
07 Does luxury have a minimum price?: an exploratory study into consumers' psychology of luxury prices
The elusive luxury definition
Price and luxury
The paradox and research question: how expensive is expensive?
Results and insights
Summary of the findings
Implications for luxury price management
08 All that glitters is not green: the challenge of sustainable luxury
Luxury under pressure of sustainable development
Luxury and SD share two deep concerns: rarity and beauty
Distinguishing the luxury strategy from a fashion or premium strategy
Luxury is by definition durable
Why this present SD focus on luxury?
Acting as a SD model to preserve luxury reputation
Is SD ready for luxury standards?
How SD needs a luxury strategy too
Status redefined: from power to altruism
Part Three The business side of luxury brands' growth
09 Not all luxuries act alike: the distinct business models of luxury brands
The desire for luxury
Behind a single term, multiple business models
What discriminant criteria differentiate business models?
Global competition between models of luxury
10 The LVMH-Bulgari agreement: what changes in the luxury market lead family companies to sell up?
The Bulgari acquisition: a model for family-owned luxury brands?
Luxury transformation: from manufacturer of rare products to creator of retail experiences
Closing the gap with Cartier and Tiffany
China: the capital dilemma for family-owned luxury companies
Why the source of capital is not inconsequential
The price of Bulgari: too high, or an accurate measurement of the financial dream?
High growth assumptions: no brand equity dilution
11 Developing luxury brands within luxury groups: synergies without dilution
Luxury concentration in question
How luxury groups grow
Theoretical background: how groups create value
Research objectives and methodology
Findings of the transversal analysis
Implications for growing luxury brands within groups