Sometimes brands can go very far as far as segmentation is concerned.
In the luxury business the growth path goes through Asia and in particular therough China.
I recently came across a crazy example. Rolls Royce actually prepared a limited edition for the Chinese market only. Nicknamed “Year of the Dragon”, this limited series of the Phantom sold out in 2 months although it was priced at 1m€ each.
The red exterior (the color of luck) is complemented by gold hand-painted dragons on each fender, same as the one that is hand-stitched on the cushions in the rear and in the headrests.
Minor changes to a standard can add a great deal of value for some particular segments of your customer base. I witnessed a very similar customization a few years ago when I visited the Blancpain factory in Le Brassus. A limited series of watches was being produced. Based on a standard model a special rotor had been designed to celebrate the year of the Dragon. And guess what … it was quickly sold out.
The “Year of the Dragon” rotors at Blancpain’s factoryTags: luxury, marketing agency belgium