Nguyen Thao Nguyen Duncan Millin Marios Spyrou Irene Kotswna

Transcription

Nguyen Thao Nguyen Duncan Millin Marios Spyrou Irene Kotswna
Nguyen Thao Nguyen
Duncan Millin
Marios Spyrou
Irene Kotswna
Stephanie Theodotou
Content
Introduction to Bremont
 India and South Africa
 Challenges
 Marketing communication strategy
 Conclusion
 Bibliography

About Bremont

Established in 2002
Name's genesis
Company's growth
British luxury watchmaker
Industry award winning

International growth opportunity




Bremont Watches - Quintessentially
British
Engineered for the modern gentlemen
 Endorsed by british celebrity and
sporting elite
 Aviation and military connotations
 "Tested beyond endurance"
 Limited edition watches

Brand Prism
Existing Marketing Activities
Celebrity endorsement
 Events sponsorship
 Social media > Traditional media
 Proactive PR activity
 Lifestyle connotations
 Selected partnership activity
 Awards and industry recognition
 Route to market

Current Target Market
Men 25-45
 Highly energetic
 Identify with masculine & adventurous
lifestyle&brands
 Luxury purchasers
 Affinity with British values and brands

UK Watch Market
Change in consumer perspective
 Fastest growing segment - mechanical
watches (3%)
 Dominated by Zeon Ltd (8% in 2011)
 Impact of economic downturn

US Watch Market
Recession impact
 Growing sector - mechanical watches
(7%)
 Dominated by Fossil Inc (19% in 2011)
 9% in next 5 years

Indian Market
Increased penetration
 Growing segment - Quartz digital
watches (24%)
 Watches category dominated by national
players
 Titan Industries Ltd - 34% share
 High influence of luxury watches
 Forecast period is expected to be 12%

PESTEL (India)
South Africa Market
Recover from economic downturn
 Mechanical experiences - value growth
in 2012 of 11%
 Most noticable performares - Lanco,
Citizen, Hallmark and Timex
 The category is very competitive

PESTEL (South Africa)
SWOT
Porter’s Five Forces
Threat of New Entrants (VERY HIGH):

Entry barriers

Difficulty to build a strong brand preference

Investment in PR events and advertising
required

Distribution
Bargaining power of buyers
(High):

Jewellers usually are not risk takers

Unknown brand

Already existing established brands in
the market
Bargaining power of suppliers (High):

Rely on the autonomous brands (Rolex-Swatch) for
supplies

British aviation supplier of relic airplane parts
Threat of Substitute (High)

Watch as an accessory

Sense of status

Practical use under extreme conditions
Objectives
Provide a platform for future continental
expansion
 Acquire 50% brand recognition from the
target market
 Establish Bremont in target Market as a
premium British luxury brand
 Increase our existing international sales
percentage from 15% to 50%
 Increase market share

Challenges
Globalisation
 Competition
 Global/Local changes in
lifestyle/culture/climate
 Market infrastructure
 Consumer mobility towards the brand

Strategy
Manufacturing => Britain
 Exportation
 Strategic alliance partners

Point of Difference







Name: launch of a story / not typical
English on the contrary
A piece of history on your wrist: pieces of
watch contain pieces of real aircrafts
Family business
Logo: "Tested Beyond Endurance"
Design
Use of relic planes as watch’s internal
components
Emphasis on the durability under extreme
conditions
Points of Parity
Links with Switzerland (English origins)
 Price
 Constant Development & improvement
of the models
 Status
 Partnership
 Quality

Existing Marketing Strategy
Introduction to MES
 Replicate existing MS & Innovate where
appropriate
 Synergy & Continuity with existing MS
 Utilise Bremont’s strengths & expertise

Overview
Celebrity endorsements
 Events, Events sponsorship & Sports
Activity
 Traditional Advertising,
 PR activity
 Partnership Activity
 Awards & Industry Events
 Social Network Activity

The Bremont Sports Club
International
Umbrella Vehicle – Sports Events,
Sponsorship & Endorsements
 Centralised content
 Additional content
 Additional Revenue
 Direct Marketing Opportunities

Celebrity Endorsment

Identified key celebrities to acquire as
brand ambassadors Use their status in
society to promote Bremont & drive
initial consumer interest and demand.

Nationals of the country, yet
synonymous with British-ness
represents and shared Bremont Values
India
Sir Ben Kingsley
 Nassir Hussain
 Dev Patel
 Rahul Dravid
 Mark Ramprakash
 Dhanraj Pallai
 Cross section of celebrities, engage with
a broad target market, represent the
ideals and values of Bremont.

South Africa
Kevin Pieterson
 Mark Shuttleworth
 Retief Goosen
 Andrew Strauss
 Brad Berritt

Further SA Considerations

Possible conflicts arising from a sense of nationalism
reluctance to identify with British South African brand
ambassadors

Alternative suggestions reflecting Bremont Brand
values in sporting endeavour.

Including:
Mark Bertish (extreme wave surfer)
Gavin ‘Moses’ Adams (World street skater champion)
Daryll Impey (World Top 10 road cyclist)
Adrian Zaugg (South African F1 driver)




Events

Strengthen Bremont’s position in the new markets

Gaining the positive connotations and associations from
the events

Associated publicity and news coverage

Utilising existing Bremont asset/synergy - “Official
Timekeeping” activities.

Relative low costs of such activity,

Emerging technologies - drive consumer engagement
Events Sponsorship

India: The MTB Himalaya, The Superbike
World Championship Indian Leg, The
Men’s Junior Hockey World Cup, IPL
Cricket Season as well as Iron Fist
2013/2014

SA: rugby, cricket, golf and horse racing,
Quicksilver Pro Junior Surfing
Championship, the Red Bull Cliff Diving
World Cup, The Sun City $1million Pigeon
Race.
Traditional Advertising
Prevalent in launch, and run up to key
gift purchasing period
 Traditional Advertising < Social Media &
PR
 India Key Titles - ‘Time & Style’, India
GQ & large quality daily newspapers
 SA Key Titles - GQ South Africa & FHM
South Africa

PR Activity
Vital component
 Provides bedrock to framework other
activity
 Potential Cultural differences in new
markets

Partnership Activity
Partnership Activity
 Utilising existing partnerships
 Benefits of new partnerships – India:
Gurka's; Hockey India/Cricket India,
Bharat/Ishapore | SA: Cricket/Rugby
Association/National Horse Racing
Authority, Armscor/Truvelo/Denel, SA Air
Force
 Brand extensions potential

Industry Awards and Events
Development of International Prestige
 Incremental sales
 Supports Sales & Marketing functions

Social Media





Reflective of Bremont’s key marketing
successes
Social Media activity ties in marketing
aspects
Channels relevant audience to a
ecommerce platform
Growing audience and brand imprint at
minimal cost
Possibility for innovative ways of driving
engagement
Additional Social Media Platforms
Youtube
 Instagram & Pinterest
 Orkut and Ibibo

Timeline (India)
Timeline (SA)
Return on Investment
Indicate the and after implementing
plan total sales
 Measure success and interpret
consumption information through web
analytics and survey questionnaires.
 Receive industry awards and
recognition.

Thank you for your attention!
Bibliography
Books
 Chernatony, L., & McDonald, M. (2003),
Creating Powerful Brands. 3rd Edition
Oxford: Butterworth-Heineman.
 Haig,M.,(2004) Brand Royalty: How the
World's Top 100 Brands Thrive and
Survive London, Kogan-Page
 Kotler, P. & Keller, K., (2006) Marketing
Management. 12th American edition.
(Giorgos Michail Klimis: 2006 Athens)






Adamnewman A., (2008). Why Time Stands Still for
Watchmakers. [online]Available at:
http://www.nytimes.com/2008/11/28/business/media/28adco.html
?_r=0 [Accessed: 20/02/ 2013].
Amarnath, N., (2012). Delhi and Mumbai are still the key markets
for luxury goods in India. [online] Available at:
http://articles.economictimes.indiatimes.com/2012-0520/news/31779167_1_luxury-market-luxury-shopping-luxury-mall
Delhi [Accessed: 15/03/ 2013].
Assocham (2012). Watch Industry to touch Rs.15,000 cr. by 2020
[online] Available at: http://www.assocham.org/prels/shownewsarchive.php?id=3528&month=&year= [Accessed: 15/02/ 2013].
Barber, T., (2012). Tim Barber: Guest Blogger – The Luxury
Watch Industry Today. [online] Available at:
http://www.prco.com/uk/guest-bloggers/tim-barber-guest-bloggerthe-luxury-watch-industry-today/ [Accessed: 20/02/2013].
Barker, S., (2013). The One Major Question Facing Every Luxury
Watch & Jewelry Brand. [online] Available at:
http://www.business2community.com/fashion-beauty/the-onemajor-question-facing-every-luxury-watch-jewelry-brand0383048#LEACUvCE5QqCAdBW.99 [Accessed: 13/03/ 2013].






BBc, (2012). Gary Connery plans skydive without using parachute.
[online] Available at: http://www.bbc.co.uk/news/uk-england-bedsbucks-herts-17664020 [Accessed: 20/02/ 2013].
Bodimeade, M (2012). UK watch market dominated by Zeon and Breo.
[online] Available at:
http://www.companiesandmarkets.com/News/Consumer-Goods/UKwatch-market-dominated-by-Zeon-and-Breo/NI5569 [Accessed: 10/03/
2013].
Business Standard, (2013). KIT: Watch market in India. [online]
Available at: http://www.businessstandard.com/article/management/kit-watch-market-in-india112030500075_1.html [Accessed: 15/02/ 2013].
Celeste, (2010). Luxury shopping in cape town-new cap
quarter.[online] Available at: http://www.caperealty.co.za/luxuryshopping-in-cape-town-new-cape-quarter/ [Accessed: 15/03/ 2013].
Chilkoti, A. (2013). India retail: luxury options. [online] Available at:
http://blogs.ft.com/beyond-brics/2013/01/30/india-retail-luxuryoptions/#axzz2NGGWYEhj. [Accessed: 15/03/ 2013].
Crosswaite, I., (2011). The 10 Trends Shaping the Future of South
African Brands. [online] Available at: http://www.addedvalue.com/source/2011/11/the-10-trends-shaping-the-future-of-southafrican-brands/ [Accessed: 10/03/ 2013].






Digital Luxury Group, (2012). The 2012 WorldWatchReport™: Highlights
the Trends Impacting the Luxury Watch Industry. [online] Available from:
http://www.worldwatchreport.com/the-2012-worldwatchreport-highlightsthe-trends-impacting-the-industry/ [20/02/ 2013].
Econsultancy, (2012). The 2012 WorldWatchReport™ Highlights the
Trends Impacting the Luxury Watch Industry. [online] Available at:
http://econsultancy.com/uk/press-releases/6259-the-2012worldwatchreport-highlights-the-trends-impacting-the-luxury-watchindustry [Accessed: 23/02/ 2013].
English, N. and English, G., (2013). When Bremont met Patek Philippe.
[online] Available at: http://www.watchpro.com/14527-when-bremontmet-patek-philippe/1/print/ [Accessed: 20/02/ 2013].
Euromonitor International, (2012). South Africa: Spotlight on Key Market
Trends in Luxury Goods. [online] Available at:
http://blog.euromonitor.com/2012/04/south-africa-spotlight-on-keymarket-trends-in-luxury-goods-.html [Accessed: 10/03/ 2013].
Gallagher, V., & Faulkner, R., (2012). Drapers Debate: Do luxury brands
miss out online?. [online] Available at:
http://www.drapersonline.com/drapers-debate-do-luxury-brands-missout-online/5041105.article [Accessed: 13/03/ 2013].
Hollingshead, I., (2011). Luxury watches: the market’s ticking over
nicely. [online] Available at:
http://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/88
84315/Luxury-watches-the-markets-ticking-over-nicely.html [Accessed:
23/02/ 2013].




India Infoline News Service, (2013). Watch industry in India
to grow at 9%. [online] Available at:
http://www.indiainfoline.com/Markets/News/PrintNews.aspx
?NewsId=4768094254 [Accessed: 17/02/ 2013].
Indianexpress, (2011). Indian watch market to touch Rs
8,500 cr' “The indian express “. [online] Available at:
http://www.indianexpress.com/news/indian-watch-marketto-touch-rs-8500-cr/734234#sthash.N5FDtIeU.dpuf
[Accessed: 15/02/ 2013].
Indiaretailing, (2012). Multi-brand watch retailer Helios
opens sixth store in Delhi. [Online] Available at:
http://www.indiaretailing.com/News.aspx?Topic=1&Id=6596
[Accessed: 06/03/ 2013].
Indiaretailing.com, (2012). Multi-brand watch retailer Helios
opens sixth store in Delhi. [online] Available at:
http://www.indiaretailing.com/News.aspx?Topic=1&Id=6596
[Accessed: 15/03/ 2013].












Infibeam, (n.d.). The Great Indian Watch Market. [online] Available at:
http://www.infibeam.com/static/indian-watch-market.html [Accessed: 17/02/ 2013].
Knowles, J., (2010). Luxury watch brands boosted by strong Christmas sales. [online] Available at:
http://www.retail-jeweller.com/luxury-watch-brands-boosted-by-strong-christmassales/3100697.article [Accessed: 10/03/ 2013].
Leaderboard (2006). Bremont watches official supplier and timekeeper for Mike Goldingis ecover.
[online] Available at: http://www.mikegolding.com/2006/10/bremont-watches-official-supplier-andtimekeeper-for-mike-goldingis-ecover/[Accessed: 13/03/ 2013].
Lewis, K., (2012). Put your questions to the Bremont founders [online]. Available at:
http://www.watchpro.com/14389-put-your-questions-to-the-bremont-founders/ [Accessed: 23/02/
2013].
Lucintel, (2012). PESTLE Analysis of India 2012. [online] Available at:
http://www.researchandmarkets.com/research/lmrgmz/pestle_analysis [Accessed: 20/02/ 2013].
Mail & Guardian, (2010). 200 Young South Africans: Sport. [online] Available at:
http://mg.co.za/article/2010-06-11-200-young-south-africans-sport [Accessed: 06/03/2013].
Maps of India (2012). Top Watch Brands in India 10 [online] Available at:
http://business.mapsofindia.com/top-brands-india/top-watch-brands-in-india.html [Accessed: 20/02/
2013].
Mintel, (2012). The UK Watch and Jewellery Market - September 2012. [online] Available at:
http://store.mintel.com/watches-and-jewellery-uk-september-2012?cookie_test=true [Accessed:
10/03/ 2013].
Mintel, (2012). Watches and Jewellery - UK – September. [online] Available at:
http://oxygen.mintel.com/sinatra/oxygen/list/id=590316&type=RCItem#0_1___page_RCItem=0
[Accessed: 10/03/ 2013].
Moorad, Z., (2012). Luxury goods sales ‘on the uptick’ in South Africa. [online] Available at:
http://www.bdlive.co.za/business/retail/2012/10/17/luxury-goods-sales-on-the-uptick-in-south-africa
[Accessed: 23/02/ 2013].
Overdorf, J., (2010). India takes to extreme sports [online] Available at:
http://www.globalpost.com/dispatch/india/101202/extreme-sports-himalayas-rock-climbing
[Accessed: 06/03/ 2013].
Pittilla, M., (2010). New study identifies consumer trends in the luxury watch market. [online]
Available at: http://www.moodiereport.com/document.php?c_id=1134&doc_id=22970 [Accessed:
23/02/ 2013].














Pondent, C. (nd). The Effects of the Political Environment on Business Organizations. [online] Available at: The
Effects of the Political Environment on Business Organizations | eHow.com
http://www.ehow.com/info_8377458_effects-political-environment-business-organizations.html#ixzz2Nqlfiv6F
[Accessed: 20/02/ 2013].
Pwc, (2012). Market Vision Luxury. [online] Available at:
http://www.pwc.com/it/it/publications/assets/docs/marketvision-luxury-2012.pdf [Accessed: 23/02/ 2013].
Rastogi, A. K. (2010). A study on Indian online consumers and their buying behaviour “International research
journal” VOL I *ISSUE 10 [online] Available at:
http://www.ssmrae.com/admin/images/eb1bb35ed46ca5c3a8638b56236c72b8.pdf [Accessed: 20/02/ 2013].
Roumeliotis, D., (nd). The Art of Selling Luxury Products: Brand Story Telling & Persuasion. [online] Available at:
https://exploreb2b.com/articles/the-art-of-selling-luxury-products-brand-story-telling-persuasion [Accessed: 20/02/
2013].
Saunders M., (2012). Top 20 Websites in South Africa 2012. [online] Available at:
Saunders M., (2012). Top 20 Websites in South Africa 2012. [online] Available at:
http://www.mikesaunders.com/2012/03/13/top-20-websites-in-south-africa-2012/ [Accessed: 05/03/ 2013].
SenGupta, K., (2011). Youth in India and their mutating consumer behavior. [online] Available at:
http://www.imagesfashion.com/content/youth-in-india-and-their-mutating-consumer-behaviour-1023.aspx
[Accessed: 17/02/ 2013].
Sriram Vadlamani (2010). The top 6 social networks in India. [online] Available at:
http://asiancorrespondent.com/41653/top-6-social-networks-in-india/ [Accessed: 13/03/ 2013].
Studymode, (2010). Impact of Political Environment on Doing Business in India. Available at:
http://www.studymode.com/essays/Impact-Of-Political-Environment-On-Doing-291343.html [Accessed: 20/02/
2013].
Stults, K., (2012). Bremont Watch Company. [online] Available at: http://blog.perpetuelle.com/watches/bremontwatch-company-in-depth-introduction/ [Accessed: 03/03/ 2013].
The times of India, (2013). Google+ becomes second-biggest social network. [online] Available at:
http://articles.timesofindia.indiatimes.com/2013-01-29/social-media/36614932_1_active-users-social-networkgoogle [Accessed: 13/03/ 2013].
TiptopWatches, (2011). 15 Most Expensive Watch Brands in the World. [online] Available at:
http://www.tiptopwatches.com/watch-facts/15-expensive-watch-brands-world.html [Accessed: 06/03/ 2013].
Watchpro, (2013). UK watch sales fall 9.4% in 2012. [online] Available at: http://www.watchpro.com/14567-ukwatch-sales-fall-94-in-2012/ [Accessed: 06/03/ 2013].
Wilson, A., (2012). Bremont's British pilot-style watches take off. [online] Available at:
http://www.telegraph.co.uk/finance/businessclub/9719656/Bremonts-British-pilot-style-watches-take-off.html
[Accessed: 20/02/ 2013].



Wolters, K., (nd). Analysis of Market Players Empty pockets influence consumer
buying habits. [online] Available at: http://pressportal.co.za/advertising-andmarketing/item/5525-empty-pockets-influence-consumer-buying-habits.html
[Accessed: 03/ 03/ 2013].
World Watch Report 2012, (2012) Key Findings. [online] Available at:
http://ww1.prweb.com/prfiles/2012/03/06/9256305/WWR%202012%20Baselworld
%20Print%20Version.pdf [Accessed: 23/02/ 2013].
Secondary sources www.canalwalk.co.za www.tygervalley.co.za
www.gardensshoppingcentre.co.za www.waterfront.co.za
http://web.dlfemporio.com/
https://www.facebook.com/TestedBeyondEndurance/posts/319293708190463
www.economicstimes.com http://economictimes.indiatimes.com/
http://proquest.umi.com/ http://www.mtbhimalaya.com/
http://www.redbull.com/en/motorsports/f1/events/1331579737110/indian-grandprix http://www.x-jam.in/about-x-jam http://www.simkile.co.za/details_sports.html
http://www.magazines.co.za/category/sports__leisure2/all.html
http://www.magazines.co.za/category/motoring3/all.html http://www.jaguar.com/in
- Jaguar India http://www.jaguar.com/za - Jaguar SA
http://www.bremont.com/media-lounge http://forum.tzuk.com/showthread.php?236814-New-Bremont-advertising-campaign
http://www.bremont.com/briefing-room/category/press-coverage
http://www.bremont.com/best-of-british/awards www.bremont.com
http://www.bremont.com/briefing-room/category/event
http://www.bremont.com/briefing-room/bremont-supports-transatlantic-solo-row
http://www.bremont.com/partnerships
http://www.bbc.co.uk/sport/olympics/2012/sports/hockey
https://www.cia.gov/library/publications/the-world-factbook/geos/sf.html http://redluxury.com/2013/02/15/luxury-watch-brands-obsession-with-the-far-east/