LuxuryTea was established in Singapore in 2008 and has grown to over 800 tea blends and 200 varieties sold in retail stores and tea salons across 14 countries, with an opportunity to expand into Canada by leveraging the country's growing health trends and establishing a Tea Academy to spread tea culture. While facing competition from other tea brands, LuxuryTea aims to position itself as the premier luxury tea brand in Canada within 5 years by offering a unique high-end experiential environment and innovative tea experiences in its salons.
2. Established in Singapore in 2008
LuxuryTea brand with over 800 unique tea blends and
200 varieties
Retail and premium tea salons in 14 countries
worldwide
Offers tea accessories and tea infused patisseries
3. Strengths Weaknesses
1. High Product Quality 1. Unappealing digital and
social media presence
2. Wide ProductVariety 2. Lack of vertical integration
3. HighlyTrained Staff
4. Unique aesthetic appeal of
salons
4. Opportunities Threats
1. Growing health and wellness trend 1. ExistingCompetition
2. Establishment ofTea Academy in
Canada
2. Substitute Products
5. Political
Stability of Canadian political environment
Minimal government intervention in business except mainly
through:
taxation
labor laws
6. Economical
Canada has a growing and vibrant economy with :
low interest rates
stable inflation rates
strong currency
7. Social
Diverse cultural society
Growing population
Relatively good earning power of residents
8. Technological
Advanced technological society
Technology is widely used in areas such as:
Manufacturing/Production
Communication
Research and Development
9. Demographic
• Male and Female
• Age 20 and above
• AboveAverage Income
Psychographic
• Appreciate Experiential Products
• Status Seekers
Geographic
• Toronto
10. To spread the tea drinking culture among
Canadians (and tourists to Canada) by providing
rare and sophisticated tea blends and creating a
unique tea drinking experience in our salons.
11. Become a market leader in the luxury tea
category in the next 5 years
Reach profitability within two years
Maintain at least 10% growth annually
14. PositionTWG as the Haute Couture ofTeas
Tie-ups with other luxury lifestyle brands
15. 4 P’s: Product Highest QualityTea
Over 800 different single-estate, fine harvest
and exclusive blends of tea
Offers a variety from loose teas, packaged
teas to tea bags and tea collections
The White HouseTea Yellow Gold BudTea
16. 4P’s: Product
LuxuriousTea Salon
European and Asian blend decor
Highly trained knowledgeable staff
Tea Service
23. 4P’s: Promotion
“Wide variety of
tea of superb
quality for elite,
for those who
appreciate a
luxury and
sophisticated
experience”.
Product message
24. • Articles in life-
style magazines
and web-sites
• Articles in
business
oriented issues
• Blogger’s posts
(food, lifestyle)
4P’s: Promotion Public Relations
31. Entry of similar competitors.
• ensure high product quality
• intensify communication of strengths
Interruptions of raw materials supplies.
• maintain strong relationships with suppliers
Food contamination
• follow standard procedure
Lawsuits
• hire the best law firm
Hinweis der Redaktion
https://www.youtube.com/watch?v=r5ry90BYn74
CHANCHE THIS
I ‘ll tell you about places where can you find this beautifull tea. We will apply a multi-channel strategy that combines wholesale, retail and e-commerce channels.
Wholesales is extremely important channel, because according to Taha Bouqdib it “has more growth potential since involves less investment than starting a retail concept”. We decided on distribution to upscale hotels in Toronto. We goona start with airmont Hotels and Resorts, because it is one of the most iconic Canadian prestige hotel chains.
TWG should also distribute its products through high-end retailers. The brand has been successful in its partnership with Dean & DeLuca in the United States. And there is news of their possible expansion in the Canadian market. So we can greatly benefit from such partnership in Canada as well/
In addition, we TWG must explore distribution opportunities through Whole Foods which has a strong image as gourmet grocery store.
we will sell through an e-commerce channel to enable our customers to buy tea online.
Public relations is a main mode of luxury brand promotion. Promotional articles will be placed in magazines and websites that are lifestyle oriented highlighting topics such as leisure, food and lifestyle.
Also we will attract an army of lifestyle blogger to promote out tea.
We don’t need them to be our official endorser but a couple of the pictures with our cups is their hands will make us famous.
Events such as Toronto Fashion Week will give us a sense of connection with Canada’s high society.
Word-of-mouth: We expect that since we provide superb products and unique experience, our clients will become our brand ambassadors.
TWG is present on each popular social media platform, however we think it could be helpful to develop canadian branches for each platform so that canadian can see just international and canadians news and not be bothered by irrelevant events from all over the world.
We will make sure that our product is the best and intensify the communication of our strengths
We maintain strong relationships with different suppliers all over the world to ensure steady
We have standard procedure (просиджер) which includes: public apology, internal investigation and further improvement of food handling method, PR realize about the improvement.