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SHOES FOR WOMEN:
SHOES FOR MEN:
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SNEAKER FOR MEN:
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BAG FOR MEN:
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ACCESSOIRES FOR MEN:
THE STORY OF BALENCIAGA
Since last year, the brand has suddenly become the “hottest brand in the world” in the luxury goods industry – and for the first time is on its way to becoming a billion euro turnover with cristóbal balenciaga. Above all, chief designer Demna Gvasalia (also founder of the Vetements label) is a reason why he obviously understood very well how the attention economy works in the digital age. OMR shows the extent of the current triumphal procession and explains how Demna Gvasalia skillfully brings brands into people’s minds via digital channels as well as cristobal balenciaga. “Fuck Dolce & Gabbana, yes. Give me, give me Bc, yes” – If someone after listening to the single from UFO361 (appropriately titled the brand, 4.6 million views on Youtube) should be worried or buy balenciaga sunglasses.
Ufuk Bayraktar, the bourgeois name of the musician, doesn’t just express his penchant for the brand musically. In his Instagram Stories, he recently presented his car: a Mercedes-Benz that is all over with the logo. Renaissance of an 80 year old brand in the balenciaga arena. Two months after UFO361 the rapper Ozuna from Puerto Rico, who is very popular in South America, released a track called “Balenciaga” in April, which has 58 million views on Youtube so far. That rappers adopt luxury brands like balenciaga white as a symbol of their economic success is nothing new.
The fact that two artists in different parts of the world do this in such a prominent way by including the brand in the song title is at least remarkable. The brand was founded by the Spanish fashion designer as early as 1937, and after many years of stagnation it is now undoubtedly experiencing an undreamed-of renaissance. In the digital world, the fact that attention to the brand is increasing not only qualitatively like the balenciaga jeans, but also quantitatively, can be seen very clearly from various key figures. According to Google Trends, the number of company search queries has risen so sharply in the past two years that it has clearly overtaken, for example, that of Dolce & Gabbana.
At the same time, according to estimates by the statistics tool SimilarWeb, the number of visits to .com has risen from around 750,000 to more than two million a month. And according to Lyst.com, the brand even outperformed Gucci as the hottest luxury fashion brand in the third quarter of 2017. The online luxury marketplace (65 million unique users annually according to its own statements) regularly evaluates which brands and which articles users search most frequently on the platform. It also took first place in Q4 2017 and Q1 2018.
The latest business figures for the luxury goods group Kering, which owns both the company and Gucci, reflect this development to some extent. According to Kering, the brand was the fastest growing Kering brand in terms of sales in the second half of 2017, ahead of Gucci. According to Kering, the Italian fashion company was able to spectacularly increase sales from $4.4 billion to $6.2 billion and operating earnings from $1.3 billion to $2.1 billion in the past fiscal year. BC’s sales, on the other hand, are still significantly lower, but are rising rapidly. As Kering CEO François-Henri Pinault said this February at the presentation of the 2017 balance sheet, the brand will be the next brand to break the billion-dollar barrier – if not this year.