L'oreal: Global Brand Local Knowledge

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L’OREAL: GLOBAL BRAND LOCAL KNOWLEDGE Ron Keenan & Trevor Davisson

description

My teammate Ron Keenan and I presented this based on the Harvard Business Review case (same name) dated May 2012 and additional research that we performed.

Transcript of L'oreal: Global Brand Local Knowledge

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L’OREAL: GLOBAL BRAND LOCAL KNOWLEDGE

Ron Keenan & Trevor Davisson

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FOUNDER

French chemist Eugene Schueller

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EARLY L’OREAL MARKETS

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THE MOVE WESTFrancois Dalle named CEO in 1957psychographic & psychological profiles

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1950’S L’OREAL MARKET

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GLOBAL BRANDSir Lindsay Owen-Jones 5 core business technologies

hair colorhair care

skin carecosmeticsfragrances

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LATE 1990’S L’OREAL MARKETS

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BRAND DIVERSITYmarketing team for each respective brand

placing brands in specific markets (department stores, mass retailer, etc)

strict pricing designation (low, mid & high)

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CELEBRITY ENDORSEMENTS

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NIKE

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TRADITIONAL MARKETING TO DIGITAL MARKETING

small online initiatives

not ready to move yet

aware the future is online

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SOCIAL MEDIA FOOTPRINT2 million likes L’Oreal USA

121,000 twitter followers L’Oreal USA

54,000 Instagram followers

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2 BILLION DAILY USERS BY 2020?

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depending on the estimate (7.5B or 8B)

L’Oreal would need 25% to 26% of the world’s population using cosmetics

with 93% of their revenue coming from cosmetics

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HAVE A NICE DAY