(This April 23 story corrects to explain in paragraph 3 that there are seven members of BTS, not six)
Mixing significant- and lower-expense kinds is a perfectly-worn manner trick, and Korean pop sensations BTS are taking the solution to a total new degree in advertising and marketing deals announced this week.
Just after 1st agreeing with McDonald’s (MCD.N) to boost a new food offering for just about $6, the 7-powerful boyband have also been named brand ambassadors for Louis Vuitton, the purveyor of handbags that provide for perfectly previously mentioned $1,000.
The Grammy-nominated South Korean team, which now releases English-language tracks way too, has topped the album charts various occasions in the United States.
Louis Vuitton, the greatest income driver at French luxury merchandise conglomerate LVMH (LVMH.PA), presently functions with a roster of celebrities to market its wares, from actresses Emma Stone and Jennifer Connelly to actor and singer Jaden Smith.
Quite a few brand name ambassadors have starred in promotion strategies but also popped up in the front row at trend demonstrates, encouraging drive excitement on social media, a advertising avenue best luxurious makes have invested closely in.
Asia – and specifically China, wherever K-pop is also popular – presents important markets for luxury brand names, and has fuelled income bounces as COVID-19 limitations simplicity.
Louis Vuitton’s menswear designer Virgil Abloh, identified for his streetwear-design and style creations and who is close friends with hip-hop star Kanye West, explained the BTS partnership extra “a present day chapter to the Property, merging luxury and present-day lifestyle”.
Luxurious makes have not usually favored functioning with so-named influencers who characterize other labels that do not in good shape with their substantial-conclude graphic, while the boundaries in between sports and vogue for instance is setting up to blur.
“As disparate as their organizations may possibly look, McDonald’s and Louis Vuitton share a need to onboard new generations of shoppers,” Carol Spieckerman, president at retail consultancy Spieckerman Retail, reported.
Louis Vuitton experienced no remark on Friday on BTS’ McDonald’s deal. Beneath that agreement, the band’s meal will start beginning next thirty day period in practically 50 international locations, and will involve rooster McNuggets, fries, and two dips.
Neither Vuitton nor McDonald’s disclosed any monetary details.
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