Why are Asian consumers so in love with luxury shopping, study asks
Asian consumers may exhibit a passion for luxury consumption, while simultaneously endorsing the moral virtues of thriftiness.
SOCIAL MEDIA INFLUENCERS
By our News Team | 2022
Khaby Lame, who has more than 130-million social media followers, is part of the worldwide Hugo Boss rebranding campaign.
Khaby Lame, the Senegalese-born TikTok megastar and social media influencer, has been signed by global company Hugo Boss to be one of its brand ambassadors as part of a major rebranding strategy.
Other brand ambassadors signed up by the company include reality TV star Kendall Jenner of Kardashians fame, and Hailey Beiber, American model and wife of musician Justin Beiber.
Lame, who now lives in Europe, was previously an unemployed factory worker who lost his job during the pandemic. He then turned to social media and has since become a massive TikTok star with a following of more than 130-million people.
He was signed by Hugo Boss to be part of its Boss brand’s #BeYourOwnBoss Spring/Summer 2022 fashion collection.
Photo of Khaby Lame courtesy of Hugo Boss
According to the publication Vogue Business, the German-based luxury brand ss is looking to the future with a radical rethink of its direction, focused on a much clearer targeting of its two brands, Boss and Hugo.
A full-scale rebranding exercise for Hugo Boss
“The rethink, which amounts to a full-scale rebranding complete with new logo, is being backed by two of the biggest marketing pushes in the company’s history. Boss is now aimed firmly at the Millennials, aged 25-40, while Hugo targets Gen Z, aged under 25,” Vogue Business reported.
Hugo Boss CEO, Daniel Grieder, has explained the company’s repositioning strategy in several recent media interviews.
“Ten to 15 years ago, Hugo Boss was the north star for many brands, with perfect positioning and strong relevance,” he said in one interview.
“Over the last six years, Hugo Boss has maintained its brand awareness but crucially lost its relevance in the fashion industry. Heritage is great and I realised that the potential of this brand is enormous — but we have to reframe it.”
Reinforcing the differences between the Hugo and Boss brands, which have not always been clear to the end consumer, is said to be at the heart of Grieder’s strategy. The rebrand features new, simplified logos for both Hugo and Boss and a clearer design direction to attract the younger shopper, Grieder has explained.
He was appointed CEO in mid-2021 after many years with the Tommy Hilfiger fashion label.
Asian consumers may exhibit a passion for luxury consumption, while simultaneously endorsing the moral virtues of thriftiness.
Marketers Association of Zimbabwe (MAZ) stages glamorous 2024 National Exceptional Marketing Awards event in Harare.
Cola wars in Congo? Two new PepsiCo bottling plants for Kinshasa and Lubumbashi as Angolan-based bottler for Coca-Cola plans own DRC facility.
SA loyalty industry is delivering world-class innovation and excellence that exceeds global standards, awards judge says.
News laws are being implemented in 2025 to restrict TV ads before 9pm and ban certain online advertisements altogether.
As the influencer industry grows, limited transparency and misleading claims have led to calls for stricter regulation. Is a ‘sheriff’ needed?
David Eduaful and Nana Akua Mensa-Bonsu named Marketing Man and Woman of the Year at glamorous awards event in Accra.
Kotler will greet delegates to the Mombasa conference and share his perspectives on the future of marketing in Africa.
First step into a new era for the 106-year-old insurer as it unveils a new brand concept, ‘Living in the moment, not in the worry’.
Highly experienced company executive will leverage her varied industry background in new role as Chief Marketing Officer.
Social media hype and exciting visual presentation drives rapid growth of Egyptian desserts business, B.Laban. First Libyan outlet opens.
Dr. Kin Kariisa is an extraordinary force at the helm of Next Media Services, a conglomerate encompassing NBS TV, Nile Post, Sanyuka TV, Next Radio, Salam TV, Next Communication, Next Productions, and an array of other influential enterprises. His dynamic role as Chief Executive Officer exemplifies his unwavering commitment to shaping media, business, and community landscapes.
With an esteemed academic journey, Dr. Kariisa’s accolades include an Honorary PhD in exemplary community service from the United Graduate College inTexas, an MBA from United States International University in Nairobi, Kenya, a Master’s degree in Computer Engineering from Huazong University in China, and a Bachelor’s degree in Statistics from Makerere University.
Dr. Kariisa pursued PhD research in Computer Security and Identity Management at Security of Systems Group, Radboud University in Nijmegen, Netherlands. As a dynamic educator, he has shared his expertise as a lecturer of e-Government and Information Security at both Makerere University and Radboud University.
Dr Kin did his PhD research in Computer Security and Identity Management at Security of Systems Group, Radbond University in Nigmegen, Netherlands. He previously served as a lecturer of e-Government and Information Security at Makerere University in Kampala, Uganda and Radbond University in Netherlands.
Dr Kin did his postgraduate courses in Strategic Business Management, Strategic Leadership Communication and Strategies for Leading Successful Change Initiatives at Harvard University, Boston USA.