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Essay: Exploring the Versace Smartwatch: Reaching a New Level of Luxury

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  • Subject area(s): Sample essays
  • Reading time: 5 minutes
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  • Published: 1 April 2019*
  • Last Modified: 23 July 2024
  • File format: Text
  • Words: 1,223 (approx)
  • Number of pages: 5 (approx)

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Gianni Versace, Italian form planner known for his challenging designs and spectacular way of life.

His mom was a dressmaker, and Gianni was raised watching her work on plans in her boutique. In the wake of moving on from secondary school, Versace worked for a brief timeframe at his mom's shop before moving in 1972 to Milan, where he worked for a few Italian ateliers, including Genny, Complice, Mario Valentino, and Callaghan. Supported by the Girombellis, an Italian design family, Versace built up his own organization, Gianni Versace SpA, in 1978 and arranged his first prepared to-wear appear under his very own name that equivalent year. His sibling, Santo, filled in as CEO, and his sister, Donatella, was a creator and VP.

Versace structured all through the 1980s and '90s and assembled a mold realm by creating groups that overflowed exotic nature and sexuality. His most renowned plans included complex subjugation outfit, polyvinyl chloride infant doll dresses, and silver-work frocks. Versace's spoilers viewed as his garish plans obscene. Courageous by such feedback, Versace arranged his occasional form indicates like shake shows at his extravagant plan base camp in Milan, with groupies and paparazzi anticipating the entry of the two his VIP companions, for example, Elton John and Madonna. Versace was credited with transforming the design world into the powerful, VIP besotted industry it stays to the present day.

As his prosperity kept on developing, Versace started setting up boutiques all through the United States with the assistance of his family. He likewise centered around distributing a progression of end table books that included his representations and photos of his manifestations by regarded picture takers, for example, Richard Avedon, who additionally chipped away at Versace's publicizing efforts. Versace's enthusiasm for the new and challenging kept on thriving, and in 1989 he planned a line of high fashion out of the blue. Additionally in 1989 he made ensembles for the San Francisco Opera; an extraordinary aficionado of the musical show and expressive dance, Versace investigated outfit structure as a side enthusiasm all through his vocation. In 1993 Versace was determined to have an uncommon malignant growth of the internal ear. He struggled this disease effectively and afterward started to pass quite a bit of his business duties onto his family.

On July 15, 1997, while coming back to his Miami Beach home after a morning walk, Versace was shot and slaughtered on his front strides by the sequential executioner Andrew Cunanan. At the season of his passing, many trusted that the architect's 25-year profession was at a pinnacle; he had tempered his showy early work and started to make progressively refined yet vivid and hot troupes. His organization had extended to deliver garments for men, ladies, and youngsters, and in addition purses, valuable adornments, scent, and things for the home. Versace's work was respected by an after death review held from December 1997 to March 1998 at the Costume Institute of the Metropolitan Museum of Art in New York City. After his demise, his sister assumed control as set out planner toward the Versace name.

Versace has created many valuables to society, from clothes all the way to belts, even though they have created many watches, they have not created a smart watch. Introducing the Versace Smartwatch.

The Versace Smartwatch is still a luxury watch, but the features that come with it are going to make it different from its other watches. The design of it is going to be based off of the Aikos Automatic Watch that Versace has, because I still want to make it a luxury watch, unlike the Apple Smart Watch which I would not consider a luxury product based on the price of it. It will be ran on a Google Operating system, and will be compatible with your iPhone or Android device, so it will alert you when you are receiving a call or when you receive a text message. You will not be able to respond or answer the call on your phone but at least it will alert you, cause like I said in the main idea, I want to make it a luxury watch still. It will also sync with your maps on your cellular device so once you type it into your maps on your phone it  will come up on your watch, so you can just look at the watch on the wrist instead you looking at your phone all the time. It will also be able to track your activity, so like your steps, miles that you have walked, ran, or jogged while also calculating your heart rate. And if you love to swim, the Versace Smartwatch is waterproof, so you can still look stylish while enjoying a quick dip. On the back of the watch it will have our signature Versace “Medusa” head, which was chosen as the logo because the floor of ruins in Rome was where the Versace siblings played in as children. He also chose the Medusa head as the logo of the company because Medusa made people fall in love her and they had no way of getting their way back, so Versace hoped and thought his company would have the same effect on his people. It did. And it will have the same effect when people buy the Versace Smartwatch.

Like I said before, the design of the Versace Smartwatch is going to be based off Aikos Automatic Watch, and so is the price of it. The Aikos Automatic Watch sells for $2,095 dollars, so the price of the Versace Smartwatch will range from 2,600 to 2,500. I know this seems like a high price, but since the Aikos Automatic Watch is so expensive I do not have a choice but to raise the price for the smartwatch because if the regular watch is more expensive than the Smartwatch then everyone would just buy the Smartwatch and I have to have my Smartwatch at a higher price than my normal watch because of market that the smartwatch brings in. “CCS’ report states that 71 million smartwatches will be sold in 2018, doubling to 140 million in 2022” (ENTER GUY HEARE).

The Versace target consumer is a 25 to 44 year old. I really plan to launch this in the key regions of the world and their major cities, the Southeast (Miami), the West (Los Angeles, Las Vegas), and the Northeast (New York City). American Fact Finder says that New York City, 35.9% are of median age, Los Angeles is 35%, Las Vegas is 37.4%, while Miami is 39.3% is our target consumer age. (American Fact Finder) Our target consumer is segmented within their own group. These groups are the upper middle class with “Discretionary incomes rangning from $100,000 to under $150,000. Core Affluent consumers with discretionary incomes of at least $150,000, with household incomes under $450,000; and the “One Percenters”” (Salfino). Our psychographic will target everyone because everyone will be able to use Versace Smartwatch in some way of the lifestyle, whether it is the active person and they want to keep track of their steps, or it is the average person that just needs directions of where they are walking to, the Versace Smartwatch has it all.

I will promote the Smartwatch using the same way Versace usually promotes their brand. I will promote it by using print advertisements, they will be placed on billboards and in magazines. The Versace website also has newsletters avaible fo

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