Jimmy Choo a Celebrity Brand

A Celebrity Brand Strategic Fashion Management A report by Psyche Kuo 2010-11-15 Contents 1. Introduction3 2. Shoes fit for a Princess3 3. Tamara Mellon Part co-owner, Part celebrity4 4. Power of Media6 5. Potential crises 8 * Fast fashion use the celebrities power * Celebrity brands * Celebrities’ scandals 6. Conclusion 9 7. Reference 10Introduction The following report will look at the influence of celebrities and the culture of celebrity lifestyle upon the success and the strategies adopted by Jimmy Choo. From the beginning of Jimmy Choo as a bespoke shoemaker to the takeover of Tamara Mellon, celebrities and red carpet media events which have always been associated with its name. The report will look at the past, present and possible future strategies influenced by celebrities and its culture. Shoes fit for a princess â€Å"The late Princess Diana who was a Choo shoes devotee, made him rise to further fame in 1990.Choo has made a mark on the fashion designing industry and in time was accepted as an iconic image of a classic and refined fashion designer in shoes and later in accessories. † Naomi Silveira (2010) The late Princess Diana would be the first significant figure that helped propel Jimmy Choo shoes from great, to extraordinary. Through history we can always identify luxury brands with a celebrity face, dating back to Chanel with Marilyn Monroe and Givenchy with Audrey Hepburn. It’s a key strategy that helps educate and promote the brand to the public, making the brand more desirable and more exclusive.However, Jimmy Choo did not endorse any celebrities at that time, Princess Diana was a customer of Jimmy Choo simply because she liked the design and comfort of the Shoe. Without Princess Diana, Jimmy Choo may have not achieved the success it has today, with such a public figure photographed wearing a pair of Jimmy Choo. Tamara Mellon – Part co owner, Part Celebrity â€Å"†¦, understood the importance of linking celebr ities to brands and was recognized as an important marketing communications tool. † Uche Okonkwo (2006)Tamara Mellon, former UK Vogue accessories editor, was looking out for out-of-the-ordinary designs that were both chic and attention grabbing. That’s when she approached Jimmy Choo and bought 50% of his company. With her relationship with the media and her strong networking skills, Tamara Mellon managed to help the company grow to worth ? 500 million. Tamara Mellon’s relationship with the media is a very important aspect to why Jimmy Choo succeeded in such a short time span. â€Å"Celebrities are extremely important and valuable to brands, especially in the luxury fashion sector. There is no argument about it.They wield enormous power in fashion circles and can contribute to making and breaking brands. † Uche Okonkwo (2006) If Tamara Mellon was not a public figure as she was, it would have been difficult for Jimmy Choo to achieve the level of â€Å" adve rtisement â€Å" and public awareness without having to invest a large number of capital and resources into this key area. It was hugely beneficial that the new co-owner Tamara Mellon was already a public figure and was able to use this to her advantage. Tamara Mellon realised that celebrity are the brand icon of this generation, an icon which conjures as a mental image or an opinion.This acts as an indirect metaphor to both corporate worlds. Just as brands and brands owners don’t necessarily coincide. Similarly, Jimmy Choo shoes aren’t made by Jimmy Choo. Jimmy Choo is no longer associated with its own brand design with Tamara Mellon whereas Jimmy Choo now focuses on Jimmy Choo Couture footwear. There are not many companies left that follow this tradition of shoes being designed by the company’s founder who brings Jimmy Choo to a few competitors which are Christian Louboutin and Manolo Blahnik.Regarding Tamara Mellon’s marketing strategy of penetration, celebrity endorsement which determines the wealth and success to the brand has lead to a factor where luxury brands appear lesser extent than consumer brands as luxury brands already have well-defined personalities. Power of Media â€Å"The rise of the cult of celebrity, in which everyone can be famous for 15 minutes, can be directly related to the rise of reality television and social networking sites. † PricewaterhouseCoopers LLP (2007) The number of celebrity advertisements has doubled from 1996 to 2006. It was uring 1996 that Choo established his brand name Jimmy Choo in London with the assistance of Tamara Mellon. It is no coincidence that Jimmy Choo benefitted from the boom in celebrity endorsement during these ten years. Programmes such as â€Å"Sex and The City â€Å"are just an example of how strong an influence TV have on consumers. â€Å"But the real growth story of Jimmy Choo over the past 14 years has been the riding of a tidal wave of celebrity endorsements, as well as those gushing recommendations in Sex and the City. † Anonymous (2010) Without TV, Media and even Sex and the City, Jimmy Choo would not have become an instant household name.With millions of viewers, Sex and The City was the ideal catapult to make the name public to an even wider audience, even with the programme also â€Å" mentioning â€Å" rival brand Manolo Blahnik in the programme, this did not affect the sales or brand equity of Jimmy Choo. â€Å"Jimmy Choo is attractive to celebrities but they must have pushed it to celebrities as well because that is how you keep the brand in the public's mind – most designers now want to get their shoes on the red carpet because you get so much media coverage from that. † Maureen Hinton (2010)Disregarding that fact however, the lead analyst at the retail consultancy Veridct added that Jimmy Choo’s are attractive enough to stand on its own for it fashionable design. It was also commented that the medi a only acts as a reminder to the public’s mind about the brand’s image. This strengthens the foundations of Jimmy Choo’s defined image. Potential crises Celebrity endorsement is as easy as it sounds as it upholds several risks that are associated with brand communication strategy. If a luxury brand decided to use celebrity endorsement as a strategy, brands should meticulously evaluate their interconnections elements.Fast fashion use the celebrities power The current Jimmy Choo’s strategy that uses celebrity endorsement has a potential risk as the current fast market (mass production market) also uses celebrity power as a major marketing strategy. In examples to that are Gap which Sarah Jessica Parker promoting its brand and Top Shop which Kate Moss is anointed to design their clothing and accessories. Celebrity brands Celebrities’ brands indulge in brand extension and brand architectures. They now understand the importance and influence of personal branding and are exploiting it and also extending it to commercial branding.As a result, several celebrities have ventured into the fashion and accessories businesses and more are on the way. A few examples are such as Jennifer Lopez, Sean Combs and Jessica Simpsons. Celebrities’ scandals The biggest harmful factor that Jimmy Choo can come across as a brand image is from celebrity scandals as celebrities are easily exposed to the public and may get into controversies. An image of a celebrity holds a very important role to the brand it’s promoting. A scandal may lead to a negative connotation. Conclusion The media, TV and Public figures have always been synergetic with Jimmy Choo from the very Beginning.From the late Princess Diana, to Tamara Mellon, Sex and The City and countless of other celebrities photographed with a pair of â€Å" Jimmys†, Jimmy Choo’s main strategy was to use this â€Å" tidal wave of celebrity endorsement â€Å" to its full advan tage. For a new brand in a very competitive market, it was important to utilise this strength to compete with rival brands with a deeper heritage and history. Even though Jimmy Choo has always used celebrities and the media as its main source of advertisement, there are indications that t Jimmy Choo is diversifying its strategies by collaborating with other brands, such as H;amp;M and UGG.With so much reliance with its celebrity exposure, it is potential dangerous to solely rely its company’s future in such an unstable trend. With Collaborations with H;amp;M is a more stable and long-term strategy to appeal to a â€Å" different â€Å" target consumer. Jimmy Choo may be a shoe for the stars, but will eventually grow and establish themselves through other mediums. 1082 words (Excluding title page, direct quotations and references)Reference1. Anonymous, 2010. Jimmy Choo: The world's most valuable shoemaker, The Independent, [Online], Available at: http://www. independent. co. k/news/business/analysis-and-features/jimmy-choo-the-worlds-most-valuable-shoemaker-2076499. html [10 Oct 2010].