Endnotes
1
This excludes many routine purchase
categories, meaning that a brand for the
highest priced and best quality toilet roll,
for instance, is not a luxury brand, although
it might use the term ‘luxury’. However,
some fairly routine purchases, such as
restaurant meals, do have luxury offerings
with associated luxury brands. Thus, no
definition of luxury brands is completely
accurate, as it is a constantly shifting
concept constructed by social dynamics
that influence personal tastes.
2
Circa 11-12% of sales revenue is spent on
advertising: Radha Chadha and Paul
Husband (2006) The Cult of the Luxury
Brand: Inside Asia’s Love Affair with Luxury,
Nicholas Brealey International, London, UK.
p.254.
3
The Independent (2007) A bit rich: Luxury
brands are flaunting their green credentials
but can conspicuous consumption come
with a clear conscience? by Simon Brooke,
9 August http://environment.independent.
co.uk/lifestyle/article2849283.ece
4
Radha Chadha and Paul Husband (2006)
The Cult of the Luxury Brand: Inside Asia’s
Love Affair with Luxury, Nicholas Brealey
International, London, UK.
5
See the following:
• Dana Thomas (2007) Deluxe: How Luxury
Lost Its Luster by Dana Thomas;
Penguin Press.
• Review: Has luxury’s lap gotten too big?,
by Lyn Millner, Special for USA TODAY,
www.usatoday.com/money/books/2007-
08-26-deluxe_N.htm
• The Devil Sells Prada, by Caroline Weber,
26 August 2007, New York Times.
www.nytimes.com/2007/08/26/books/
review/Weber-t.html
6
Vanity Fair, Green Issue, May 2007.
7
The latest publications, news items and
trend reports on the worldwide luxury
market were collected via the web,
bookshops, online libraries and journal
databases by an interdisciplinary four-
person team of experts. Data on corporate
performance was sourced from analyst firms
Covalence and EIRIS. This information was
related to corporate respo nsibility and
sustainability issues by the authors Bendell
and Kleanthous, who have a combined 20
years of experience in that field.
8
See, for example, Brand Value at Risk from
Climate Change, The Carbon Trust, 2004.
9
Kleanthous, A and Peck, J (2005) Let Them
Eat Cake, WWF-UK. www.wwf.org.uk/
letthemeatcake
10
Living Planet Report, WWF, 2006.
11
Collapse, Jared Diamond, Penguin, 2005.
12
Living Planet Report, WWF, 2006.
13
Living Planet Report, WWF, 2006.
14
More information on these drivers is provided
in: Holliday, C. O. and S. Schmidheiny,
and P. Watts, (2002) Walking the Talk:
The Business Case for Sustainable
Development, WBCSD and Greenleaf,
Geneva and Sheffield.
15
More information on these accelerators is
provided in: Schaltegger, S. and Wagner, M.
(2006) Managing the Business Case for
Sustainability: The Integration of Social,
Environmental and Economic Performance,
Greenleaf Publishing, Sheffield, UK.
16
Kleanthous and Peck, WWF-UK. View the
summary of this report at www.wwf.org.uk/
filelibrary/pdf/let_them_eat_cake_abridged.
pdf, or the full version at www.wwf.org.uk/
filelibrary/pdf/let_them_eat_cake_full.pdf.
17
Ronald D Michman and Edward Mazze,
2006, The Affluent Consumer, Marketing
and Selling the Luxury Lifestyle, Praeger,
Westport USA. p.139.
18
FT 2007, Automobiles: Life is sweet –
and becoming sweeter, by John Reed in
London, Published: June 4 2007, p.3.
19
The US: A vast market opens its doors to
the clever retailer, by Jonathan Birchall in
New York, Published: 4 June 2007. p.2.
http://www.ft.com/cms/s/9d9f5702-1021-
11dc-96d3-000b5df10621,dwp_uuid=c2f3
36f6-093a-11dc-a349 000b5df10621.html
20
The Independent (2007) A bit rich: Luxury
brands are flaunting their green credentials
but can conspicuous consumption come
with a clear conscience? by Simon Brooke,
9 August, http://environment.independent
.co.uk/lifestyle/article2849283.ece
21
Uche Okonkwo (2007) Luxury Fashion
Branding: Trends, Tactics and Techniques.
Palgrave Macmillan p239.
22
The Future Laboratory, Conscience
Consumers and the New Austerity,
Alex Steffen, August 31, 2006 11:48 AM,
www.worldchanging.com/archives/
004876.html
23
Ronald D Michman and Edward Mazze,
2006, The Affluent Consumer, Marketing
and Selling the Luxury Lifestyle, Praeger,
Westport USA.
24
Lionel Barber in Brand Strategy, 2007.
25
Personal communication with J Bendell,
August 2007.
26
Reported to authors by fashion journalist,
Fiona Harkin, July 2007.
27
www.chinadaily.com.cn/china/2006-
06/01/content_605512.htm
28
www.forbes.com/free_forbes/2006/
0327/062.html
29
IEVA (2007), Ekologiskas Snobizmas
holivude, madoje, irgyvenime, p.1, and
Noriu Buti Snobe by Eva Tombak p.6,
Rugpjutis/August.
30
Closer to Nature, Baltic Outlook August/
September 2007, pp 52-55.
31
Conference Board (2007) The Global Luxury
Market: Exploring the Mindset of Luxury
Consumers in Seven Countries, Consumer
Research Center Special Report, June 2007,
The Conference Board.
32
http://news.bbc.co.uk/2/hi/entertainment
/6737805.stm
33
Kleanthous and Peck (2006) Let Them
Eat Cake, WWF.
34
www.unpri.org
35
Most of these investors do not argue
that ESG performance is a determinant
variable in corporate financial performance,
but that similarly to excellence in other
areas of business, such as human resources,
accounting, innovation, and so on,
excellence in ESG helps contribute to
business success both directly and
through reducing reputational risk and
encouraging investor confidence.
36
India: Custom for cruises and cars,
by Amy Yee, Published: June 4 2007, p.4
www.ft.com/cms/s/981bd954-1021-11dc-
96d3-000b5df10621,dwp_uuid=c2f336f6-0
93a-11dc-a349-000b5df10621.html
37
India: Custom for cruises and cars,
by Amy Yee, Published: June 4 2007, p.4
www.ft.com/cms/s/981bd954-1021-11dc-
96d3-000b5df10621,dwp_uuid=c2f336f6-0
93a-11dc-a349-000b5df10621.html
38
Manmohan Singh, The Financial Express,
25 May 2007, www.aifoundation.org/
newsroom/tenpointcharter.htm
39
The Economist (2007) “If you’ve got it, don’t
flaunt it: The sale of luxury goods in China
runs into political trouble”, p 64, 2 June.
40
Beijing Mystery: What’s Happening To the
Billboards? Airport Road Ads Vanish Or Are
Being Covered Up; Pitching Luxuries
Offends. By Jason Leow, Wall Street
Journal, 25 June 2007; Page A1.
41
Al-Ahram, Gated communities, By Salama
A Salama, 9-15 August 2007, Issue No.
857, http://weekly.ahr am.org.eg/2007/
857/op4.htm
42
Chada and Husband 2007, p.229.
43
The Chinese Concepts of ‘Face’, Hsien
Chin Hu, American Anthropologist, New
Series, Vol. 46, No. 1, Part 1 (Jan-Mar
1944), pp. 45-64. Note other spellings -
Lian and Mianzu.
44
Salter, 2007, The luxury challenge, Walpole,
pp.8-9.
45
Dana Thomas (2007) Deluxe: How Luxury
Lost Its Luster; Penguin Press.
46
New York Times (2007) The Devil Sells
Prada, By Caroline Weber, 26 August 2007,
New York Times.
www.nytimes.com/2007/08/26/books/
review/Weber-t.html
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