Great article here on branding.
Everything you need to know about Moleskine ahead of its IPO – Quartz
Wrap your head around that for a second. Here is the company acknowledging that it doesn't so much sell notebooks as it does a sense of identity and culture. But that's the essence of luxury brands: they don't sell physical goods so much as the notions that the goods are supposed to represent. These intangibles--"culture, design, imagination, memory, and travel," according to the company's bankers--are a better business to be in than paper.
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People don't buy a Moleskine to scribble in. They buy them for important projects...sketching...travel journals etc.
...prices in China and Japan almost double what the company charges for the same products in Italy
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And those guys love brands. They fly to Paris, Milan and New York just to load up on luxury brands - REAL luxury brands, not Chinese knockoffs.
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