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European luxury big business and emerging Asian markets, 1960-2010

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  • Pierre-Yves Donz�
  • Rika Fujioka

Abstract

This article tackles the transformation of the European luxury business since the 1960s, through the examples of the French fashion industry and the Swiss watch business. It argues that emerging Asian markets, that is, Japan between the 1960s and the 1990s and subsequently China since 2000, have played a key role in this process as the major outlets. It examines the strategies adopted to access East Asia markets and how they were affected by the emergence of luxury multinational enterprises (MNEs) in the 1980s. While department stores were a gateway to Japanese market since the 1960s, they gradually lost their bargaining power when French and Swiss MNEs began to internalise distribution and to implement a global brand management strategy. This feature is also a major characteristic of the distribution of luxury goods in China, where MNEs are directly involved.

Suggested Citation

  • Pierre-Yves Donz� & Rika Fujioka, 2015. "European luxury big business and emerging Asian markets, 1960-2010," Business History, Taylor & Francis Journals, vol. 57(6), pages 822-840, September.
    • Handle: RePEc:taf:bushst:v:57:y:2015:i:6:p:822-840
    DOI: 10.1080/00076791.2014.982104
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    References listed on IDEAS

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    1. Hubert Bonin, 2012. "A reassessment of the business history of the French luxury sector. The emergence of a new business model and a renewed corporate image (from the 1970s)," Post-Print hal-00800367, HAL.
    2. Jean-Noël Kapferer & Vincent Bastien, 2009. "The Luxury Strategy: Break the Rules of Marketing to Build Luxury Brands," Post-Print hal-00786813, HAL.
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    1. repec:hal:journl:hal-04781578 is not listed on IDEAS
    2. Cristini, Hélène & Kauppinen-Räisänen, Hannele & Barthod-Prothade, Mireille & Woodside, Arch, 2017. "Toward a general theory of luxury: Advancing from workbench definitions and theoretical transformations," Journal of Business Research, Elsevier, vol. 70(C), pages 101-107.
    3. repec:hal:journl:hal-04775219 is not listed on IDEAS

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