Brand Positioning Hublot

1495 Words6 Pages
Introduction to Hublot: Hublot is a luxury wrist-watch manufacturer based in Nyon, Switzerland. It was founded in 1980 by Carlo Croco. Though Hublot is considered an infant brand in terms of existence, its swift ascent to the zenith of luxury wrist-watches has prompted many timepiece aficionados to give it the title of ‘The watch of European Royalty’ (Bernard Watch Co., 2012). It is currently a subsidiary of LVMH (Louis Vuitton-Moet Hennessey), the French based Fashion House. The Swiss luxury wrist-watch market is ripe with competition and the main competitors for Hublot are Rolex, Breitling, Patek Phillippe and Ulysse Nardin. Although these brands have been in trade for a very long time, the marketing strategies implemented by Jean-Claude Biver, Chairman of the Board for Hublot, Hublot now has a firm grasp on the luxury wrist-watch market with sales in 2008 being in excess of CHF 250 million. The target audience of Hublot are young entrepreneurs aged 25-45 who would preferably purchase their own prestige timepiece and ‘their future’ than use their father’s watch. Hublot recognised this demographic and started branding Hublot wrist-watches with Premiership Footballers or ‘billionaire sponsors’. Hublot has managed to strike partnership deals with big industry names such as Formula 1, UEFA Euro 2008 and Euro 2012, FIFA World Cup 2014, Manchester United Football Club, Ajax Amsterdam Football Club and Miami Heat (A U.S.A based basketball team). The product catalogue boasts of custom made timepieces for Formula 1 teams such as Ferrari and football clubs viz. Manchester United and Ajax. Their ambassadors include the likes of Diego Maradona and Usain Bolt, especially for whom, they launched recently the ‘King Power: Usain Bolt’ model. With sports stars being aged 20-40, they prove ideal ambassadors to sport Hublot wrist-watches and this in turn sets up an immediate

More about Brand Positioning Hublot

Open Document