The luxury market has transformed from its traditional conspicuous
consumption model to a new experiential luxury sensibility that is
marked by a change in how consumers define luxury. In a global
context, it is crucial to understand why consumers buy luxury, what
they believe luxury is, and how their perception of luxury value
impacts their buying behavior. This handbook aims to provide a
holistic approach to luxury marketing with respect to the
characteristics and the key challenges and opportunities of luxury
brand management. Therefore, the multifaceted contributions by
authors from different parts of the world will offer both a
research and management perspective of luxury marketing and deliver
a concentrated body of knowledge with contributions from diverse
elements.
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