Pages

Thursday, February 21, 2019

Moncler Genius: One luxury brand's strategy to reinvent the fashion model

The foundations of fashion consumerism stem from the innate human desire for new things. This, in itself, is not a new idea. But thanks to the rise of social media, online shopping and digital journalism, our collective longing for newness is more pervasive than ever.

Today, the typical consumer isn't investing in clothes twice a year, or even seasonally -- we're buying garments with increasing regularity. Where and how we shop is also changing, and brands -- from the high street to the upper echelons of the luxury fashion world -- are responding in turn.

Fashion's new mission, according to a recent industry report by Business of Fashion and McKinsey&Company, is to be "nimble, think digital-first and achieve ever-faster speed to market." As the report spells out in its introduction: "The (brands) that will succeed will have come to terms with the fact that in the new paradigm taking shape around them, some of the old rules simply don't work."

Italian billionaire Remo Ruffini is all too aware of the new challenges facing the industry. As the CEO and part-owner of Moncler, a luxury brand known for ski jackets and luxury activewear, Ruffini has been on a mission to modernize the company since taking over in 2003.

He carried out an almost head-to-toe reorganization of the brand's business model and supply chains in order to launch a new initiative, Moncler Genius.

The 2019 Moncler Genius creative team.

The 2019 Moncler Genius creative team.

The Moncler Genius project, first unveiled at Milan Fashion Week last year, tossed aside the idea of appointing a single creative director to helm a brand. Instead, it advocates a relatively novel approach: asking multiple creative directors to work for the same brand, creating their own individual collections that are released on a rolling calendar.

This model blends the idea of fashion collaborations (which, typically, only produce one-off products that sell for a limited time) and "drop" culture (regular limited edition items that are hyped online and released to the most loyal customers). The brand can now market new items on a monthly basis, instead of -- as was the case for Moncler in times past -- seasonally in accordance with the annual fashion week schedule.

According to Ruffini, the Genius strategy allows for a "more regular conversation" with customers. It also provides "more, content more ideas and more energy," he said in an interview exactly a year after the Moncler Genius launch.

Innovative partnerships

As well as keeping existing fans engaged, this model offers the chance to attract new customers. Ruffini has signed on an impressive roster of creative directors to work on the project -- and these designers, with their own brands and distinct styles, come with their own loyal following.

The eight designers involved in the latest Moncler Genius collections, shown Wednesday at Milan Fashion Week, are a mix of weighty established names and emerging figures.

Among them are Valentino's creative director Pierpaolo Piccioli, who stole headlines with his couture show in Paris last month; Craig Green, one of London's most prominent menswear designers; Richard Quinn, who lured the Queen to his London Fashion Week show in February last year; and the widely celebrated London-based designer Simone Rocha. Quinn will showed for the first time with Moncler Genius while the other three have been there from the start.
Pierpaolo Piccioli's couture collection for Valentino shown earlier this year.

Pierpaolo Piccioli's couture collection for Valentino shown earlier this year. Credit: Courtesy Valentino

Pierpaolo Piccioli's new collection for Moncler Genius.

Pierpaolo Piccioli's new collection for Moncler Genius. Credit: Moncler

For Moncler, the commercial benefits of working with high-profile names are clear enough. But what do the designers stand to gain?

During an interview this week in London, Rocha said she was initially "excited by the level of designers that were going to come together," and that she "really felt that all of the designers had their own point of view." She also cited Moncler's wide distribution network and distinct customer base as draws.

Piciolli, speaking from Milan before he presented his latest designs, said he welcomed the project as a new challenge that allowed him to protect his creative voice. "For me, everything is about creativity and about the expression of myself," he said. "It was challenging and interesting to express my own ideas in a different way."

The collections that have emerged thus far seem to have maintained each designer's visual identity. The most recent Moncler Genius presentations took place in a series of eight designer-specific "environments" -- custom-fitted rooms that reflect the style of each creative director.

Piccioli's designs featured shapes that his most dedicated fans will recognize. But he also offered something new, taking inspiration from Lemlem, his friend and collaborator Liya Kebede's project, which is dedicated to producing clothes made by local artisans in Ethiopia and elsewhere in Africa.

A look from a previous Simone Rocha own label collection.

A look from a previous Simone Rocha own label collection. Credit: Courtesy Simone Rocha

Rocha embraced Moncler's outdoors ethos by presenting her designs among a constructed forest.

Rocha embraced Moncler's outdoors ethos by presenting her designs among a constructed forest. Credit: Moncler

Meanwhile Rocha, whose label is known for offering feminine, ethereal looks, embraced Moncler's outdoors ethos through her designs, taking inspiration from the image of a girl guide and choosing to construct an indoor forest-scape within which to stage her looks. She explained she interested in the idea of "a uniform for nature."

Green also stayed true to his signature shapes and style. In the Autumn-Winter 2018 campaign imagery for his own brand he referenced a human raft, and in the outerwear he created for this collection you can see hints of an inflatable vessel.

Craig Green's Autumn - Winter 2018 campaign

Craig Green's Autumn - Winter 2018 campaign Credit: Dan Tobin Smith / Robbie Spencer / Craig Green

Craig Green's most recent designs for Moncler Genius.

Craig Green's most recent designs for Moncler Genius. Credit: Moncler

Something for Instagram

Unique and immersive, each space was distinctly "Instagrammable." Like it or loath it, tailoring experiences to social media is an important way to reach consumers. Within moments of Wednesday's presentations, feeds were flooded with images from the collections.

But has the Genius strategy paid off? Ahead of the Milan showcase, Ruffini sounded positive, if measured, or perhaps, realistic. He mentioned, more than once, the need for "fine-tuning" the project's execution.

Yet he also reported an increase in online sales and web traffic, saying that the initiative has attracted a notably younger demographic. He claimed that the visibility and perception of the Moncler brand has improved. CNN requested sales figures, though they had not been provided at the time of publication.

"Honestly, I'm happy. For sure, we made mistakes," Ruffini said. "For sure we can do better. But I'd like to think that, at least, we are we facing a new era, a new adventure. And this is is what I'm really looking for."

Let's block ads! (Why?)

from CNN.com - RSS Channel https://ift.tt/2IBCvgu

No comments:

Post a Comment