A New Way to Sustain Niche?

A New Way to Sustain Niche?

Published on LinkedIn

Strategy

2024

A niche perfume brand owned by its fans? Could this be

A niche perfume brand owned by its fans? Could this be

Originally published on LinkedIn

This perspective began as part of a public industry conversation on LinkedIn.

_____________________________


In a competitive luxury fragrance market where small brands are always on the hot seat of having to grow in order to survive, often stretching themselves in various ways to achieve this — ultimately through acquisitions that compromise their initial authentic appeal — a new Swiss niche perfume brand may have discovered a way to sustain small, authentic, and creative brands.

Thomas De Monaco, the brand's owner and creative director, believes that true, sustainable luxury should be accessible to all. Recently, they unveiled plans for Thomas De Monaco Parfums to go public, offering shares to friends and interested parties through a Venture Crowd Capital Campaign, complete with digital shares and voting rights.

If executed right, this approach could allow the brand to secure the financial boost it needs in a critical phase of its lifecycle without compromising its creative integrity. Instead of relying on large investors who might lack passion for the product, this model ensures that the brand's owners are genuinely invested in its success, giving them a voice and skin in the game.

The rise of crowdfunding is evident across industries, allowing consumers to become stakeholders in the brands they love. Crowdfunding not only offers financial backing but also strengthens the connection between the brand and its customers, democratizing investment and empowering more people to contribute to and benefit from the success of their favorite brands.

EDIT: This is an IPO through crowd investment, which is different from a traditional crowdfunding.

However, not every brand will be equally succesful in adopting this model. It requires a loyal and enthusiastic customer base, cultivated through unwavering trust in the product, brand, and ownership.

______
Authenticity remains the cornerstone of success in the dynamic and fiercely competitive luxury fragrance industry, and this model upholds that essential quality..

What are your thoughts on this approach?
_____________________________

SELECTED RESPONSES

From the LinkedIn discussion

A selection of thoughtful reactions and comments surrounding the original article.

I love this review. I’m aware the Jeremy Fragrance also implemented this crowdfunding strategy to kickstart his brand Fragrance One. Could this be where Thomas De Monaco adopted this approach?

Ryan Mabiza

‪Creative Director

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Originally published on LinkedIn

This perspective began as part of a public industry conversation on LinkedIn.

_____________________________


In a competitive luxury fragrance market where small brands are always on the hot seat of having to grow in order to survive, often stretching themselves in various ways to achieve this — ultimately through acquisitions that compromise their initial authentic appeal — a new Swiss niche perfume brand may have discovered a way to sustain small, authentic, and creative brands.

Thomas De Monaco, the brand's owner and creative director, believes that true, sustainable luxury should be accessible to all. Recently, they unveiled plans for Thomas De Monaco Parfums to go public, offering shares to friends and interested parties through a Venture Crowd Capital Campaign, complete with digital shares and voting rights.

If executed right, this approach could allow the brand to secure the financial boost it needs in a critical phase of its lifecycle without compromising its creative integrity. Instead of relying on large investors who might lack passion for the product, this model ensures that the brand's owners are genuinely invested in its success, giving them a voice and skin in the game.

The rise of crowdfunding is evident across industries, allowing consumers to become stakeholders in the brands they love. Crowdfunding not only offers financial backing but also strengthens the connection between the brand and its customers, democratizing investment and empowering more people to contribute to and benefit from the success of their favorite brands.

EDIT: This is an IPO through crowd investment, which is different from a traditional crowdfunding.

However, not every brand will be equally succesful in adopting this model. It requires a loyal and enthusiastic customer base, cultivated through unwavering trust in the product, brand, and ownership.

______
Authenticity remains the cornerstone of success in the dynamic and fiercely competitive luxury fragrance industry, and this model upholds that essential quality..

What are your thoughts on this approach?
_____________________________

SELECTED RESPONSES

From the LinkedIn discussion

A selection of thoughtful reactions and comments surrounding the original article.

I love this review. I’m aware the Jeremy Fragrance also implemented this crowdfunding strategy to kickstart his brand Fragrance One. Could this be where Thomas De Monaco adopted this approach?

Ryan Mabiza

‪Creative Director

Previous

1 / 3

Next