Fashion and lifestyle brands, especially in the luxury and athleticwear spaces, have been active experimenters in the use of NFTs. Many of the initiatives to date have focused on using NFTs to enhance consumer engagement and reward fans with exclusive content or experiences. Increasingly, however, fashion labels are trying to tie NFTs with physical products […]
Tag Archives | Prada
Tiles With Style
For many years, global and local brands, particularly on the luxury end of the spectrum, have been releasing high-end mahjong sets as a means of generating sales and engagement among their customer base in greater China and parts of Southeast Asia. The category has seen its profile grow over the past couple of years, especially […]
To Promote, or Not To Promote
When the COVID-19 pandemic began, many companies put their plans on hold for product launches, marketing and media campaigns, publicity, and the like. But some have decided that an uninterrupted presence in consumers’ minds will help position them for success, or at least survival, once the peak of the crisis has passed. They have therefore […]
Lending a Helping Hand
Many companies active in the global licensing and consumer products business are doing what they can to support medical professionals and consumers during the COVID-19 crisis. In addition to being the right thing to do, their efforts help keep some of their workers employed, utilize existing capacity and already-purchased materials, and give them a positive […]
Cover Your Mouth
After first saying cloth facemasks were not effective in preventing the spread of the COVID-19 virus, the U.S. Centers for Disease Control and Prevention (CDC) is now encouraging Americans to wear masks whenever they are in the presence of other people, outside of those with whom they are self-isolating. Governments in Europe and other parts […]
In Control
Licensors in the fashion and luxury industries accomplish their brand-extension activities, especially in international territories, in a variety of ways, including through licensing agreements, joint ventures, or owned subsidiaries, or even sometimes from their central headquarters. While each company has a different strategy depending on the particulars of its own business, the industry as a […]
Culture Clash
The NBA has been facing some significant challenges in the Chinese market since Houston Rockets general manager Daryl Morey dipped his toes into the political situation between Hong Kong and mainland China by tweeting support for the Hong Kong protesters. The situation serves as an example of the ramifications of being perceived as culturally or […]
Protests and Politics
Pockets of the global licensing business are facing significant financial impacts due to political fights, trade spats, and social protests around the world. Unlike cases where companies take a stand on a political issue and prepare to face the expected backlash, these are situations that have nothing to do with any individual company’s actions. But […]