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http://www.heraldsun.news.com.au/common/story_page/0,5478,18609687%255E5000113,00.html
extract:
What''s in a name? by sally Morrell 27mar06
ISN''T it wonderful that the people behind luxury brands such as Gucci and Dior find Australia a tough market.
Professor Michel Phan, the Moet Hennessy Louis Vuitton chair of the ESSEC business school in Paris, sobbed into his YSL hankie last week as he accused us of not consuming nearly enough of the name brands.
"The Australian casualness means you can just be who you are, rather than having to wear Gucci shoes and carry a Prada bag," the French marketing guru sadly told The Australian, no doubt pensively staring at his hand-stitched loafers.
It seems the good Prof is worried that we Aussies do not buy nearly enough branded goodies – We can just be who we are because we lead ‘casual lives’.
Certainly many Australians are not that sophisticated (we call the worst of them Yobbo''s). Anecdotally more than half the top end LVMH and similar brands goods are sold to Asian Aussies or tourists. However as I write I should declare my wife and I do buy branded goods, like the Zenga suit I am wearing right now. But we avoid stuff with the labels on the outside.
Another trend many brand guru’s ignore; under my nice suit are things from Safeway and Target (the last t is silent
![28.gif](https://www.pricescope.com/idealbb/images/smilies/28.gif)
As a society we (and many other nations) are moving up the ladder of Maslow’s Heirachy. The further up we go, the more we want brands to honour their original promise: the assurance of quality. The closer we get to the top, the less we need to display labels. I strive to ensure that is what my brand, Precious Metals means to our clients.