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Archive for BMW

Electric Rolls-Royce to be unveiled via [CNNMoney.com]

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So far, this image of a translucent “Spirit of Ecstacy” hood ornament is all that Rolls-Royce has revealed of the 102EX experimental car.

By Peter Valdes-Dapena, senior writerFebruary 21, 2011: 12:13 PM ET

Follow Peter on Twitter: @PeterDrives

NEW YORK (CNNMoney) — Rolls-Royce has always gone hand-in-hand with “green,” just not the environmental kind. But now, earth-conscious millionaires wanting to cruise in luxury may be intrigued by an all-electric Rolls-Royce Phantom to be unveiled at the Geneva Motor Show on March 1st.

So far, there are no plans to produce the 102EX, as it’s called, for consumers. This will be strictly an experimental car, Rolls-Royce said.

The car will be used to research range and performance as well as to gauge public reaction to the whole idea of an electric Rolls-Royce, the automaker said.

 

“I must be convinced that any alternative drive-train we choose for the future delivers an authentic Rolls-Royce experience,” Rolls-Royce CEO Torsten Müller-Ötvös said in an announcement. The gasoline-powered Rolls-Royce Phantom production car is an extremely large, heavy and expensive automobile. With a base price of $380,000, the standard gasoline-powered Phantom weighs a little over 5,500 pounds — almost as much as a Chevrolet Tahoe full-sized SUV — and is powered by a 453-horsepower 6.8-liter V12 engine. It gets 11 miles per gallon in city driving and about 18 on the highway, according to EPA estimates. Among the Phantom’s available options are a back seat refrigerator with a matched set of crystal tumblers and a crystal decanter. The car also comes with large silver and wood tray tables for the use of back seat passengers and silver-handled umbrellas that are stored in special drying compartments accessible as the back doors are opened. It’s not clear, yet, if the 102EX would have the full compliment of Rolls-Royce luxury accessories. Full details and specifications of the 102EX will be announced on March 1st, Rolls-Royce said. Rolls-Royce is a subsidiary of the German luxury carmaker BMW, which also owns the British compact car brand Mini. Both BMW and Mini have previously launched experimental fleets of electric cars. BMW also announced Monday that it is launching an electric car subsidiary called BMWi. The new subsidiary will launch in 2013 with two vehicles, the BMW i3, a small “city car,” and the BMW i8, a high-performance plug-in hybrid car. Both cars will have bodies made from aluminum and carbon fiber-reinforced plastic, BMW said.The automaker also set up a New York-based venture capital fund, BMW i Ventures, with an initial $100 million investment. BMW i Ventures will seek out technology partners for BMW, the automaker said.


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OpuluxeLtd.com Luxury Lifestyle Special Report: Platinum Brands via [Forbes]

Beyond The Balance Sheet: Platinum Brands

Christina Settimi and Kurt Badenhausen

The most valuable luxury brands will shine in a recovery.

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In Pictures: Platinum Brands

To some, BMW seemed a bit out of touch with hard times when it rolled out an exuberant ad campaign called “Joy” this year. Turns out, the ad campaign is in tune with the opportunities BMW and other luxury brand makers anticipate as the recession fades.

Last year was the worst year ever for global luxury goods, with worldwide sales falling 8%. But in a look at the world’s most valuable luxury brands, Forbes identifies 10 that are poised to thrive in better economic times. These brands, including BMW and Louis Vuitton, share some qualities that help keep them strong even when wealthy consumers are curtailing spending.

The companies behind these brands emphasize their products’ quality, longevity and pleasure-giving features through marketing efforts that make it likely these brands will continue to do well, especially if luxury sales around the world grow by 4% to $210 billion this year, as predicted by Bain & Co., the Boston-based consulting firm.

Feng Li/Getty Images

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No. 10: Porsche

Parent Company: Porsche
Brand Value: $4.8 billion
Brand Sales: $8.7 billion

Statia Photography/Getty Images for Cartier

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No. 9: Cartier

Parent Company: Richemont
Brand Value: $5.4 billion
Brand Sales: $3.3 billion

Currently with 32 boutiques in 18 cities across China, Cartier CEO Bernard Foras has said he aims to make China its No. 1 market in three years with at least 55 boutiques.

FABRICE COFFRINI/AFP/Getty Images

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No. 8: Rolex

Parent Company: Rolex
Brand Value: $5.5 billion
Brand Sales: $3.4 billion

Rolex is the most profitable brand in watches. Sales are expected to be up 15% this year, fueled by sales in emerging markets led by China according to analyst Jon Cox of Kepler Capital Markets.

PHILIPPE LOPEZ/AFP/Getty Images

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No. 7: Chanel

Parent Company: Chanel
Brand Value: $5.6 billion
Brand Sales: $3.3 billion

Coco Chanel’s mantra: “Fashion fades, only style remains the same” is still the guiding force behind her brand. But what is equally important to Chanel’s appeal is its creative director, Karl Lagerfeld, one of the most recognizable men in fashion with his silver ponytail, dark sunglasses and black suit.

LIU JIN/AFP/Getty Images

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No. 6: Hermes

Parent Company: Hermes
Brand Value: $5.7 billion
Brand Sales: $2.5 billion

The infamous waiting list for the Birkin bag, which retails between $6,000 and $100,000, is history for the 173-year old company. The company now aims to grow by expanding its customer base. It opened its first men’s only store in New York in February with a made-to-measure program aimed at providing custom apparel.

AP Photo/Jeff Chiu

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No. 5: Coach

Parent Company: Coach
Brand Value: $7.4 billion
Brand Sales: $3.2 billion

Coach’s strategy to cut prices last year–a move that resulted in it offering more than half of its products for under $300–paid off. Sales volume jumped and profits surged. The company is now focusing on middle-price-range products, and expanding its new pricing strategy in Europe.

CHRISTOPHE SIMON/AFP/Getty Images

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No. 4: Gucci

Parent Company: PPR
Brand Value: $8.2 billion
Brand Sales: $3.0 billion

With a new CEO at the helm last year, Gucci unveiled a brand strategy that included cutting production and multiple variations of the same style. It launched a new ad campaign promoting the brand’s heritage that featured Guccio Gucci describing his dream as an artist in Florence in 1921.

AP Photo/Joerg Sarbach

No. 3: Mercedes-Benz

Parent Company: Daimler AG
Brand Value: $18.8 billion
Brand Sales: $63.2 billion

While many automakers advertise price cuts, Mercedes emphasizes its company’s heritage: Its cars are the result of 100 years of German engineering. It is currently vying with BMW to be the biggest luxury auto brand in China and says it plans on outselling its German nemesis by 2011 with a number of cars designed exclusively for Chinese consumers.

AP Photo/Christophe Ena

No. 2: Louis Vuitton

Parent Company: LVMH
Brand Value: $19.0 billion
Brand Sales: $6.3 billion

In its 156 years, Louis Vuitton has held steadfast to a policy of zero discounting–a practice it says enriches the value of the brand. To remind its customers what they are paying for, the new brand campaign features artisans hand-finishing goods at a workshop table.

AP Photo/Grace Kassab

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No. 1: BMW

Parent Company: BMW
Brand Value: $19.9 billion
Brand Sales: $56.6 billion

BMW is gaining market share in China, the largest auto market in the world, by designing custom cars to meet the demands of Chinese consumers and tailoring its advertising to align with Chinese culture.

Few brands can sell luxury as a necessity and get away with it like Porsche. A recent ad for the new Porsche 911 reads: “…You strain to think of something else that has stayed this true to its ideals for 46 years. You come to the realization that, in the age of the superfluous and superficial, the unrooted and the unserious, the 911 is necessary. Very necessary. The Porsche 911. There is no substitute.”

Forbes’ Beyond the Balance Sheet department looks at the numbers behind the numbers–or ways of analyzing companies that are different from the usual metrics, such as book value and earnings. To identify the Platinum Brands among luxury goods, we looked at more than 30 leading brands in autos, retail, fashion and accessories to determine the world’s most valuable. We leaned on Jeffrey Parkhurst, managing director of business strategy at WPP ( WPPGY news people )-owned media agency Mindshare, to help value these brands.

The first step was to determine earnings before interest and taxes for each brand. Forbes averaged those earnings over the past three years and subtracted from earnings a charge of 8% of the brand’s capital employed, figuring a generic brand should be able to earn at least 8% on the capital employed.

Forbes applied the maximum corporate tax rate to that net earnings figure. Next, it allocated a percentage of those earnings to the brand based on the role that brands play in that industry. Brands are crucial when it comes to apparel and perfumes, but not so much, say, with airlines. Pricing and location are more important for them. To this net brand earning number, we applied the average price-to-earnings multiple over the past three years to arrive at the final brand value. For privately held outfits we applied an earnings multiple for a comparable company.

Beyond The Balance Sheet: Platinum Brands

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In Pictures
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The companies that came out on top on our list of most valuable luxury brands fared reasonably well last year, one that was disastrous for many companies. Sales of Louis Vuitton, the marquee label of parent company LVMH, rose more than 10% in 2009 to $6.3 billion, despite the recession. Brand sales, which represent 75% of the fashion and leather goods segment of the company, had double-digit growth in the first quarter as well.

What helps set some of these brands apart? The makers of the world’s top luxury brands don’t apologize for the sky-high price tags attached to their products. LVMH’s Louis Vuitton, for one, has never discounted a single item, citing customer loyalty and product value as its reasons. That makes sense: Why would a customer pay full price for an item if they knew that in three months it might be had for 25% less?

Even when the top luxury companies introduce less expensive offerings, they often don’t advertise the price. When Mercedes-Benz introduced its C-Class, its most affordable sedan, it emphasized that it is a product of 100 years of German engineering, a key brand message. And most of the most valuable brands kept advertising during the recession: Louis Vuitton, for one, rolled out a celebrity-flecked campaign. In one print ad, dancer Mikhail Baryshnikov stands on a platform barefoot while photographer Annie Leibovitz watches him from the floor.

The makers of the world’s most valuable luxury brands know that a good portion of their future sales will come from emerging markets, especially China, where sales in the luxury goods market expected to increase 15% there this year, says Bain.

“With Asia being the growth market for luxury players, brands will tailor their product offerings to meet the needs of more diverse customer segments,” says Claudia D’Arpizio, Milan-based partner at Bain.

Research by Ritika Sinha



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