Detailed Marketing Plan for Celine's Vent Fou Perfume Launch Project

Verified

Added on  2020/12/09

|20
|5115
|492
Report
AI Summary
This marketing plan report focuses on the launch of Celine's Vent Fou perfume, a brand extension from the luxury fashion house. The plan targets both male and female consumers, aiming to capture the Generation Y and early Z demographics with its blend of French chic and sensuality. The report provides a comprehensive situational analysis, including PESTLE and SWOT analyses to understand the market dynamics and Celine's internal capabilities. It outlines the company's vision, mission, objectives, and marketing strategies, including STP (Segmentation, Targeting, Positioning) and the 7Ps marketing mix. The plan also details implementation, budgeting, and monitoring strategies using the AIDAR model and balance score card to ensure effective execution and control. The report aims to increase sales, profit margins, and market share by creating brand awareness and establishing a strong market presence for Vent Fou perfume.
Document Page
MARKETING PLAN
tabler-icon-diamond-filled.svg

Paraphrase This Document

Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Document Page
Table of Contents
EXECUTIVE SUMMARY 3
INTRODUCTION 4
VISION 4
MISSION 4
SITUATIONAL ANALYSIS 4
Pestle analysis.............................................................................................................................4
Swot analysis...............................................................................................................................6
Porter diamond model.................................................................................................................8
OBJECTIVES AND ISSUES 9
Objectives....................................................................................................................................9
Analysis of Problem/Issue...........................................................................................................9
MARKETING STRATEGIES 9
STP..............................................................................................................................................9
MARKETING PROGRAMMES 11
Marketing mix...........................................................................................................................11
IMPLEMENTATION AND BUDGETING 13
Implementation of Marketing plan............................................................................................13
Budgeting..................................................................................................................................15
MONITORING AND CONTROLLING 16
AIDAR Model...........................................................................................................................16
Balance score card.....................................................................................................................16
CONCLUSION 17
REFERENCES 19
Document Page
EXECUTIVE SUMMARY
Marketing plan in this report that explains that planning of company to promote its
product and services. Study is all about a luxurious fragrance named Vent fou. In this report,
brand extension of the brand Celine, a luxurious fashion house in France. The company is
planning to launch their range of perfume in Paris. The target consumers of company are both
men and women. This is a combination of French chic and sexuality. These features of perfume
make it suitable for Generation Y and early Z. Study prepares marketing plan that contains
vision, mission, SWOT analyses, PESTLE analyses of company and its marketing strategies.
3
Document Page
INTRODUCTION
Marketing plan is the part of the business plan. That report provides outline of
marketing strategy for the business future growth. It is a blueprint that outlines the marketing and
advertising efforts. It basically provides the basic idea of current market situation and company
performance in the market. Present study is based on Celine. CELINE is a French ready-to-wear
and leather luxury goods brand that has been owned by LVMH group since 1996. It was founded
in 1945 by Céline Vipiana. The study emphasise about background information of the company
(de Vicuña Ancín, 2016). It uses the macro and micro factor that analyse the market through
PESTLE analysis and assess the company internal or external weakness and strength through
swot analysis.. It also discusses the key issues that affect the marketing plan and implementation
process. The report will emphasise the STP strategy that define the targeting, segmenting,
positioning in the market. Further report describes the marketing mix of 7p's that assess the
company marketing strategy and also describe the implementation of strategy of the new
product.
VISION
Strive to be a global leader in fashion-knit and fashion outerwear by empowering
innovation and design to provide total customer satisfaction. We strive to be a caring and well-
managed organization for our business partners, customers and employees, and a responsible
corporate citizen to our society.
MISSION
To represent the most refined qualities of Western 'Art de Vivre' (art of living) around the
world; to be synonymous with both elegance and creativity; to blend tradition and innovation,
and kindle dream and fantasy.”
SITUATIONAL ANALYSIS
Pestle analysis
Pestle analysis (political, economic, social, technological, legal, environmental) is the strategy to
analyse the market and external environment of the company that help the company to increase
their growth in market.
Political Factor
4
tabler-icon-diamond-filled.svg

Paraphrase This Document

Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Document Page
Political factor includes different government policies such as trade policy, labour law,
tariffs etc. so company have followed these government policies to be stable in the market.
CELINE has faced some difficulties related to tax implication (Melamed, 2017). If the
government remove the tax duty from the luxurious goods, then company will be benefited by it.
They can increase their profit margin. The government in Paris has removed the trade duty from
export and import of luxurious products like Perfume which can benefit the consumers as well as
organization.
Economical Factor
Economical factor includes the economic growth, exchange rates, inflation rate, interest
rate and disposable income. Current economy situation in the UK is good because of low interest
rates. For example low to moderate interest rate which define the good or healthy economy.
Other influential aspects are fluctuating exchange rates and currency volatility which are forecast
to remain as a threat for the world economy as well as for the luxury industry in general. If
labour rate increases in Paris then the cost of producing the goods will also increase which can
affect the firm.
Social Factor
Social factor includes societal norms, values, culture which affect the organization
growth. CELINE produces the innovative product according to the customer needs and wants.
Because of the changing habit of customer. CELINE launch the new products for example Vent
fou this is the perfume for both men and women. They use the best ingredients in the perfume
that is the long lasting perfume which provide the freshness in the body. So customer want this
type of product and company fulfil the demand of the customers according to the taste and
preference of customer.
Technological Factors
Technological factor affects the business because this factor creates the innovation. This
expands the business by the use of technology. This factor helps to increase the productivity and
reducing the cost. CELINE has invested in the online platforms to promote their product and
increase their sales (de Vicuña Ancín, 2016). Also, they use and install big screen in their shops
to promote the product. Beauty brands in Paris can also use the crowd to outsource customer
5
Document Page
service. Limitless Technology, which uses cloud-based mobile technology and AI, rewards a
company’s brand ambassadors for on-demand customer service. If not used the advancing
technology company can face various challenges.
Legal Factor
Government in France has implemented new anti-terrorism laws that has increased
policing powers in France (BBC News, 2017). It has increased the general safety related to
common people living over there; as well as an increase of consumer’s perception of safety
within the country. Those aspects have an influence on the luxury industry itself. Laws and legal
restrictions regarding distribution, logistics, production and retail, which can depend on the
country’s political situation come in with these.
Environmental Factor
Environmental factor includes the ecological and other factor affects the luxurious brand.
The extreme climate in France has affected the sales of various goods and services sold over
there. The destruction of natural areas in France due to construction of business has affected the
Travel and tourism industry as more people are settling over there by creating resorts.
(Jefferson, and Tanton, 2015).
Swot analysis
Swot analysis is the tool and strategy to identify the strength, weakness, opportunity and
threat of the company related to competitors and other marketing situations. This model helps to
analyse the internal or external advantage and disadvantage of company.
Strength
Powerful brand image
CELINE have powerful brand image in the market that provides the branded product to
their customers. Company focuses on providing the luxury products to increase the demand in
the market. They provide the variety of product such as Hand bags, small leather goods,
jewellery, cosmetic products, sunglasses etc.
Innovative products
6
Document Page
Company provides the innovative product to their customer. Provides the leather wear
goods. Company has Launched horizon soft which is a new type of innovative luggage (de
Vicuña Ancín, 2016). So this increases the demand of the product. They also get awards for their
innovative products. They launch 30 innovative products that increase the demand as well
increase the brand position in the market.
Special Marketing expertise
Company have a great expertise that help to company future growth. CELINE have very
good designer that provide the different innovative ideas to company. Also, help to launch the
unique product such as A new line of innovative luggage. In 2006, Mark newson has design
hard case rolling luggage that provide the new collection of innovative horizon soft luggage. So
company have very good designer that provides ideas to expand the company future growth and
market shares.
Weaknesses
Lack of Distributors
CELINE have lack of distributors. Because they only provide products in luxury shops.
So company cannot easily connect with the customers because of the lack of distributors. So this
is the weakness of the brand that they cannot provide the product to retailer and small shops. The
product is not easily available in the market (Solomon, 2016).
Inactive on social medial platforms
Company sale their branded products by the use of luxury shops. They cannot use the
online platform to sale their product also they do not promote their product at online platforms
which increases the lack of awareness of the brand in customer.
Opportunity
Online platforms a developing market
CELINE can use social sites to make connection with consumers. They can sell the
product through online platforms and provide the product to the customer. So this is the
opportunity that may help in establishing the branch in new location and raising awareness
among people about product.
7
tabler-icon-diamond-filled.svg

Paraphrase This Document

Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Document Page
Moreover, its approach of “Unbranding” causes authenticity and customer value, which is the
reason for its brand awareness and performance. Its relevant content and high perceived values
like quality, sustainability and innovation perfectly match the customer’s desire for experiences
and demand for unique and sustainable luxury travel. (Melamed, 2017).
Threat
Poor customer data base
CELINE cannot increase their customer base because CELINE deals only in luxury
products. So people who has potential income cannot purchase this product because CELINE
provide the high price and luxury products to their customer. So company cannot increase
customer base of CELINE
Price wars with competitors
CELINE provide high quality and innovative products to the customer. So it is common
that company product price is relatively high (Jefferson, and Tanton, 2015). So other competitors
take advantages and they provide the low price of similar products to the customer, so customer
can easily switch their product and purchase the low price of products and satisfy their needs
with those products.
Porter diamond model
Factor conditions
Demand conditions
CELINE can launch the perfume. So firstly they can assess the market demand of the
product. Then company launch the product in the market (Solomon, 2016). So company can
assess the demand by making use of the different strategy. They can analyse the market by using
the tools like SWOT, PESTLE and many more. Also, company can research the market by the
questionnaire, feedback, etc. they can take the advice to their expertise what strategy they used to
promote their new product.
Supporting industry
CELINE has supported the environment they donate the clothes to weaker society. Also,
they do not use the plastic bags. So company take initiatives to provide the eco-friendly
environment.
8
Document Page
Firm strategy, structure and rivalry
Competition in luxury fashion industry is very high, so to gain advantage bargaining power
of buyers Celine launches Vent fou for extension through their brand in different sector to gain
competitive advantage and loyal customer base. Due to this, people those who have adequate
income sources prefer to buy this range of perfume as the company Celine supports with good
quality perfumes. Although they offer costly products than other brands of perfume, because
they target high class of consumers which is taken Vent fou as a luxury statement of perfume.
So, no other rivalry brand can gain their customers because their perfumes are identical
(Kennedy, 2018).
OBJECTIVES AND ISSUES
Objectives
To increase the sale of vent fou by 30 % till the end of year
To increase the profit margin by 50%
To provide the excellent customer services.
To increase the demand of vent fou by 30%
To increase the 2% of market share by the end of year.
To increase the competition in the new market.
Long lasting fragrance perception in mind of customers raise up to 90% by the end of this
year.
Creation of brand image up to 30% beyond by the end of next year
Analysis of Problem/Issue
In this plan Firstly a problem will be analysed which is that the consumers are not aware
of Celine brand. They are also not aware that the company is also contributing in perfumes. For
creating awareness this plan is formulated. Macro environmental trend will be highlighted with
PESTLE analysis and after that SWOT analysis will be done for explaining micro environmental
factors. Mission and vision of the product extension will also be discussed. Also, plan will lay
emphasis on smart objectives of the Brand “Celine”. The issue which company can face during
brand extension is environmental or political concern that can affect the working of the
company. It can affect the growth of the organization.
9
Document Page
MARKETING STRATEGIES
STP
It is a fair tool to make efforts in focusing more suitability for segment. Also, it aids in
setting objectives which is measurable.
Segmentation
To analyse segmentation of Celine as a perfume brand 'VENT FOU', there is
geographic, behavioral, demographic and psychographic traits of the group which is to be
targeted. These group must be profitable, measurable and differentiated (Zhang, and Yeung,
2016). The Celine is extended their brand by launching Vent fou fragrances.
GEOGRAPHIC
TRAITS Urban areas of Paris, France
BEHAVIOURAL
TRAITS
Buying pattern: Heavy preferable by consumers as this is a
daily usage product. Also, it needs heavy promotions after
launching and make people aware about their fragrances.
Loyalty status: Building low to high loyalty and preferences
of consumers.
Benefits: Fragrance, Boost confidence and make attractive to
consumers, Aromatherapy build attraction towards consumer,
Reflects hygiene among others.
DEMOGRAPHIC
TRAITS
Age: 16 to 40 years of people.
Generation : Young and Adult
PSYCHOGRAPHIC
TRAITS
Due to luxury brand Upper class and upper middle class people prefer
to consume these fragrances (Sturiale, and Trovato, 2015). Also,
Hygiene conscious and Aromatherapy people prefer this brand ' Vent
fou '
Targeting
Primary target Secondary target
10
tabler-icon-diamond-filled.svg

Paraphrase This Document

Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Document Page
To target consumer of competitor’s
brand for extending brand.
Working class of men and women.
Local athletes.
Gym freaks individuals
Sports persons of different background.
Travellers who travel on regular basis.
To target new customer group.
Capture market outside Paris and gain
new customers for brand extension.
Underskirt market near Paris to gain
more customers.
Satisfy need to existing customers to
retain with particular brand.
Increase loyalty of customers by
building brand image.
Positioning
Positioning refers to the place that a brand occupies in the minds of the customers and how it is
distinguished from the products of the competitors. They will deliver customers all over Paris
(Takata, 2016). This brand is highly preferable because. For extending brand, it is preferable for
both men and women. Also, this can be explained through positioning map.
11
Figure 1: Positioning map
(Source: Positioning map, 2012)
Document Page
On the basis of these dimensions, Vent fou is a brand which is offering in luxurious sector.
That is why they follow high price with good quality fragrances. This indicates that Vent fou is
concentrating mainly on high class people who prefer luxury items as a mark of statement of
their lifestyle.
MARKETING PROGRAMMES
Marketing mix
The marketing programme will be explained by the help of Marketing mix. This helps
business to achieve their objectives by setting target audience (Palmatier, Stern, and El-Ansary,
2016). Here 7P's will be done for better target the audience or customers for Vent fou as a brand
extension.
Product
CORE Fragrance
ACTUAL
Vent fou is a luxurious brand of Celine. It supplies high quality perfumes at
relatively high price. Also, it has a dark packaging and sculptural shape. This
range of perfume is preferable by both men and women. An attraction within
this range of fragrances is that they offer hybrid fragrances which is a
combination of sexuality and French chic.
EXTENSION It will support lifestyle of rich people. Also, suitable as a gifting item. It will be
easily assessable to official Celine boutique at Paris.
Packaging
Due to value creation in brand, Vent fou launches the perfume in dark packaging like Jet
black and Dark blue. Also, the bottle of perfume is in Sculptural shape to attain royalty and
attraction by consumers as an identical shape bottle.
Price
The price of one bottle of perfume will be £10,89 as it targets high class people. This
price is based on premium pricing strategy. so that they set their mind to change their current
fragrance by transferring to royalty (Camilleri, Camilleri and Acocella, 2018).
12
chevron_up_icon
1 out of 20
circle_padding
hide_on_mobile
zoom_out_icon
[object Object]