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  • Svenklas – Sustainable Luxury Travel Goods For Life’s Everyday Journeys

    Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by Svenklas.

    Social Impact is being focussed by many startups for ethical growth of its business. Companies are thoughtful towards bringing a significant, positive change that addresses a social challenge specially environmental issues and shows care & concern towards mother Nature.

    In modern days with shortage of natural resources Svenklas put its focus on practising sustainability and artful lifestyle products designed thoughtfully with modern aesthetic and hand-made with plant based natural materials.

    Read to know about Svenklas, founders, products & services, business model, and the story of its growth.

    Svenklas – Company Highlights

    Startup Name Svenklas
    Headquarters Gurugram
    Industry Retail Apparel and Fashion
    Founders Nikhil Sharma and Nischal Sharma
    Founded 2018
    Website svenklas.com

    Svenklas – About
    Svenklas – Industry
    Svenklas – Founders and Team
    Svenklas – Startup Story
    Svenklas – Mission and Vision
    Svenklas – Name, Tagline, and Logo
    Svenklas – Business and Revenue Model
    Svenklas – Products and Services
    Svenklas – Challenges Faced
    Svenklas – Growth
    Svenklas – Advertisements and Social Media Campaigns
    Svenklas – Awards and Achievements
    Svenklas – Competitors
    Svenklas – Future Plans
    Svenklas – FAQ

    Svenklas – About

    Svenklas designs minimal, functional and aesthetically appealing products for life’s everyday journeys. Channeling the simplicity and beauty of the great outdoors, their durable and quality pieces are infused with a distinct streak of luxury with carefully chosen features for everyday use.

    “The thinking about Svenklas is to create products that are minimal, stylish, beautiful and just keeping things simple. Sometimes innovation is about taking things away. We saw an opportunity to innovate by using natural materials and creating products that are more design driven.” – Svenklas founder duo Nikhil and Nischal.

    Svenklas – Industry

    As per Technopak Advisors, the fashion accessories market of India was observed at USD 3.4 billion in 2014 and is estimated to grow at a CAGR of 12 percent to reach USD 10.6 billion by 2024.

    Svenklas – Founders and Team

    Nikhil Sharma and Nischal Sharma
    Nikhil Sharma and Nischal Sharma

    Nikhil Sharma and Nischal Sharma are the founders of Svenklas. They both met at the workplace and became friends instantly due to their common Himalayan connection as one of them hails from Shimla and the other is from Dehradun.

    They were friends first and business partners second and always shared ideas back and forth about things they loved, things they saw, brands, objects, architecture, and places to go. It was quite natural to start a business together for them. They have complementary skill sets, but also different ones, and that helped when there were just the two of them were trying to get Svenklas off the ground.

    Svenklas – Startup Story

    Svenklas started out by making lifestyle products from discarded materials like billboards that would normally end up in a landfill. They eventually had to pivot as they started to face raw material sourcing requirement issues. So, they started exploring and researching “non-fuel” based natural sustainable materials. This eventually led to Svenklas where they are creating technical lifestyle products of the future using innovative sustainable natural materials.

    Svenklas – Mission and Vision

    Svenklas is a design-driven sustainable luxury lifestyle accessory brand creating thoughtful products using plant-based natural materials for life’s everyday journeys. With sustainability at the forefront and inspired by the vast yet beautiful Himalayan landscapes and rich Nordic heritage, the company are on a mission to prove that aesthetics, design and sustainability doesn’t have to be mutually exclusive.

    They found that anything synthetic materials can do, natural materials can do better. Channeling the simplicity and beauty of the great outdoors; Their minimal, functional and aesthetically appealing products are infused with a distinct streak of luxury with carefully chosen features for everyday use.

    They are committed to creating products that would act as a vehicle for change and would speak to the generations of people who know the distinction between quality and quantity and also care about our planet. That’s the brand and mission of Svenklas.

    Svenklas company logo
    Svenklas company logo

    The founders of Svenklas spent months looking for the apt name in English-Nordic dictionaries before they found the one that mirrored their vision for the brand. The name Svenklas is composed of two Nordic root words “Sven” + “Klas” which translates to ‘Victory for the Youth’ in Norse language.

    The name also reflects their vision towards creating products that are rich in meaning, quality and story while focusing intently on aesthetics, functionality, natural materials, attention to detail and artisanal craftsmanship.

    Svenklas – Business and Revenue Model

    Svenklas primarily sells directly to consumers via its website. The other channels of revenue are 3rd party marketplaces like Tata CLiQ Luxury, Amazon, Flipkart, Ajio and Myntra. They also work closely with platforms like CRED, Paytm, PhonePe and Magicpin.

    The other revenue streams include selling on curated marketplaces like Rooted Objects, Caelum, Vibecity and via exclusive brand partnerships. They’re also available in the US (online and offline) with a couple of retailers and a few dropshipping partners.

    Svenklas – Products and Services

    Svenklas was created to show that you don’t have to sacrifice style for sustainability and their collection is a testament that you can actually produce great looking products in a sustainable way.

    The company is always looking to contribute towards considered, conscious and responsible design while challenging the role of functionality in design to deliver the highest quality products.

    In today’s world, there is an acute shortage of natural resources which forced Svenklas to do away with thoughtless consumption, production and design. So, they’ve put their focus on practising sustainability and respect for the environment at all times without compromising the aesthetics.

    Their collection is the love letter to sustainability and craftsmanship – from the pride that’s taken in making something sustainably by hand to the joy of owning a little piece of that magic. Their collection draws inspiration from raw Himalayan landscapes and rich Nordic heritage to create everyday products which are uncomplicated, long-lasting, modern and aesthetically appealing.

    All of the products by Svenklas in the collection are made using 100% organic cotton or full-grain vegetable-tanned leather and all the synthetic fabrics contain recycled fibres. They’ve designed the collection for the urban city lifestyle and outdoor adventures alike.

    Combining innovation with the inspiration provided by the timeless Himalayan landscapes that include wide unpopulated areas, waterways and dense forests alongside the modern urban way of life.

    Svenklas have created a premium collection of products that includes a selection of styles from backpacks, tote bags, hip pack, messenger bags, briefcases to wallets for every occasion and adventure with a simplistic design aesthetic


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    Svenklas – Challenges Faced

    A lot of things in life are utilitarian. So, there isn’t a lot of importance attached to them. Svenklas cared about backpacks which not many people cared about when they started, although everybody wore them. They had to break that barrier where people would pay importance to a brand that sells just only backpacks and also make them care about sustainability, materials, design and craftsmanship.

    Svenklas – Growth

    Svenklas relied heavily on influencer marketing when they started. It just happened that a lot of celebrities who they reached out to on Instagram really loved their mission, design and approach to sustainability that somehow convinced them to carry their products and then share pictures on social media. This really catapulted their brand among the initial target audience and that’s how they got their first 100 users.

    Svenklas – Advertisements and Social Media Campaigns

    Svenklas Marketing | Vicky Kaushal carrying Svenklas Hagen backpack
    Svenklas Marketing | Vicky Kaushal carrying Svenklas Hagen backpack

    The marketing campaign of the brand with Vicky Kaushal was hugely successful where Vicky carried our Hagen backpack to Serbia for the shoot of his film ‘Uri’. He posted about Svenklas and their Hagen backpack on his Instagram while he was in Serbia and that created a lot of buzz and helped them carve a little niche as a brand in the backpack category.

    Svenklas – Awards and Achievements

    • YourStory Top 500 Challenger Brands of India 2021.
    • ELLE Graduates 2021 Sustainable Design Award finalists.
    • IMG Reliance, Lakme Fashion Week Circular Design Challenge 2020 finalists.
    • Our products are carried by celebrities like Vicky Kaushal, Sumit Vyas, Shriya Pilgaonkar, Sayani Gupta, Aisha Sharma, Mrunal Thakur and Angira Dhar.

    They have also been featured in magazines and news portals like Grazia India, ELLE India, Times Internet, Homegrown, LBB India, Fashion Network and YourStory.

    Svenklas – Competitors

    Da Milano, Hidesign, Herschel, Bellroy are some of the top competitors of Svenklas.

    Svenklas – Future Plans

    Svenklas are soon planning to enter the apparel category with their t-shirts launch. As trends change, they’ve adapted to them, and now are building a product roadmap on how they can be relevant to the female consumer beyond just the unisex aspect. They are looking to add more feminine, smaller silhouettes and pay more detailed attention to how women are going to carry it

    The company has grown multifold year on year since its inception in 2018. They are growing through their own means with a laser-sharp focus on unit profitability and will continue to reinvest profits into opportunities create more categories, go into more countries and retailers.

    They will also continue to invest in social causes like their partnership with GiveIndia where they plant 2 trees for every Svenklas product sold. The future plans of Svenklas include further international expansion, new category launches, limited product drops, exclusive brand partnerships, working with social media creators, influencers and celebrity collaborations.


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    Svenklas – FAQ

    Who are the founders of Svenklas?

    Nikhil Sharma and Nischal Sharma are the founders of Svenklas.

    Where is the headquarters of Svenklas located?

    The headquarters of Svenklas is located in Gurugram, India.

    What is Svenklas?

    Svenklas is a fashion and apparel company that sells sustainable and luxury premium quality backpacks, travel goods and accessories.

  • Do You Know Louis Vuitton Burns All Its Unsold Bags?

    Louis Vuitton – The King of Clothing brands, was established in Paris nearly two centuries ago. Louis Vuitton is among the world’s oldest and most successful luxury brands. It is one of the most prestigious labels in the world of luxury fashion.

    Louis Vuitton, as an organization, is estimated to be worth nearly $30 billion, and its products are available all over the world. A huge boom occurred between 2006 and 2012 when it was named the most valuable luxury brand every year. A fashion powerhouse, Louis Vuitton is one of the most valuable brands in the world. Louis Vuitton products are handcrafted from high-quality materials and reflect the high-end side of fashion. It has a steep price point that makes it unaffordable for most people.

    Louis Vuitton offers Luxury over price
    Louis Vuitton Controversy
    Louis Vuitton is not the only one to destroy products
    Louis Vuitton destructive practices in not acceptable
    Louis Vuitton refuses these allegations
    FAQs

    Luxury brands Louis Vuitton burning unsold bags 

    Louis Vuitton offers Luxury over price

    Louis Vuitton Logo
    Louis Vuitton Logo

    Strong craftsmanship and distinguishing features make it easy to judge authenticity while Louis Vuitton replicas travel around the world. A handbag’s authenticity can be determined at a glance.

    Although replicas are available, real Louis Vuitton remains scarce. Because the originals are expensive and only available in a few locations, they are extremely hard to find. Being scarce creates a strong narrative because it results in desire. A simple wallet is transformed into a desirable commodity by creating a sense of scarcity. The high demand for rare items makes them even more desirable for people.


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    Louis Vuitton Controversy

    Every year, Louis Vuitton burns every unsold product to maintain exclusivity and high prices.

    Even though there are three main reasons for this practice, it still seems odd to destroy so many products. Louis Vuitton products must continue to be rare and desired. Louis Vuitton, for starters, avoids sales at all costs – they rarely discount anything and want to ensure that ‘everyone gets their products at the same price. So, instead of offering discounts, the brand disposes of unsold pieces by burning them.

    To prevent stock malpractices, Louis Vuitton destroys unsold merchandise. Would-be fashion thieves would be deterred if they had a warehouse full of unsold and legacy merchandise.

    Due to a ‘duty drawback’ law, Louis Vuitton specifically burns bags in the United States. Supposedly, duty payments can be reclaimed if an item is imported into the United States and then destroyed.

    They are divisive and wasteful. Likewise, Louis Vuitton loses potential profits because the bags were a waste of time and effort. It’s a price they are willing to pay for luxury.


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    Louis Vuitton is not the only one to destroy products

    Louis Vuitton bag
    Louis Vuitton bag

    Many other luxury brands follow Louis Vuitton’s lead in this regard. Regardless of how absurd it may seem, there are real reasons for this practice, as we’ve explained.

    Luxury brand Burberry destroyed 37 million dollars worth of goods in a single year in 2018. This drastic action was taken to “prevent it from falling into the wrong hands.”

    To qualify as high-end brands, these companies must maintain exclusivity in their product offerings. Customers will be let down if their products are readily available and sold at reduced prices.

    Louis Vuitton destructive practices in not acceptable

    Consumption soars as a result of this practice, and people are desperate to buy these products before they are destroyed.

    As of 2019, the French government was determined to eliminate these destructive practices. Many of these luxury brands are based in France, and more specifically in Paris. This is one of France’s most lucrative industries.

    There is some debate as to whether the positives outweigh the negatives, however, Is it so bad if these products are disposed of in an environmentally friendly manner and the companies pay for the disposal?


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    Louis Vuitton refuses these allegations

    According to Louis Vuitton (at least in public), a product is either sold or discontinued at a set price. Everyone pays the same price for an item.

    There are also private sales that are held for Louis Vuitton employees, which LVMH employees can occasionally attend.

    Every two years, they’ll gather all of the discontinued items in all sizes into a large warehouse and sell them to the employees for a very low price, even at cost! A dedicated team selects the items, which may have been out of print for years. But they’ll continue to do so until they decide it’s no longer worth it to do so any longer. As a result, they will be effectively destroyed!

    Your goods will not flood the market and end up in places you don’t like or that are bad for your image if you destroy the remaining stock.

    FAQs

    Does Louis Vuitton have an outlet?

    Louis Vuitton products are exclusively sold in Louis Vuitton stores and through Louis Vuitton official website.

    Which country is Louis Vuitton cheapest?

    Louis Vuitton is headquartered in Paris, France. The price of Louis Vuitton products are substantially cheaper in Paris.

    When was Louis Vuitton founded?

    Louis Vuitton was founded in 1854 by Louis Vuitton in Paris, France.