Baume & Mercier Marketing Mix (4Ps) Strategy

Published by MBA Skool Team, Last Updated: April 19, 2020

Marketing Mix of Baume & Mercier analyses the brand/company which covers 4Ps (Product, Price, Place, Promotion) and explains the Baume & Mercier marketing strategy. As of 2020, there are several marketing strategies like product/service innovation, marketing investment, customer experience etc. which have helped the brand grow.

Marketing strategy helps companies achieve business goals & objectives, and marketing mix (4Ps) is the widely used framework to define the strategies. This article elaborates the product, pricing, advertising & distribution strategies used by Baume & Mercier.

Let us start the Baume & Mercier Marketing Mix & Strategy:

Baume & Mercier Product Strategy:

The product strategy and mix in Baume & Mercier marketing strategy can be explained as follows:

Baume & Mercier is one of the leading premium watch and accessories manufacturer. It has a diverse range as a part of its marketing mix product strategy. In Baume & Mercier, there are variants of Classima, Clifton, Clifton Club, Clifton Blaumatic and Hampton in men’s category. For women, there are different sets of Classima, Promesse, Hampton, Clifton and Linea. Apart from watches, there are watches presented as corporate gifts, wedding gifts, holiday gifts and birthday gifts as well. It achieved a “Poinçon de Genève” quality hallmark in 1919, which is a testimony to the kind of watches it produces since ages. Baume & Mercier tests every single timepiece including vibrations, saline mist, vibration impacts, accuracy standards and power reserves.

Image: Wikimedia

Baume & Mercier Price/Pricing Strategy:

Below is the pricing strategy in Baume & Mercier marketing strategy:

Baume & Mercier watch prices are pretty high as compared to the cost of a normal watch, but the high prices are justified by the quality the offer.

Since it directly competes with Rolex, the prices are supposed to be high. The prices of the special edition watches are even higher, because these editions offer something unique to the user, be it a feature, the new look or some new fancy dial. Many of the Baume & Mercier watches are over $2000.

Baume & Mercier Marketing Strategy comprises of not only its Marketing Mix, but also segmentation, targeting, positoning, competition and analysis like SWOT. Also read Baume & Mercier SWOT Analysis, STP & Competitors

Baume & Mercier Place & Distribution Strategy:

Following is the distribution strategy of Baume & Mercier:

Baume & Mercier positions itself as a brand which is aesthetically pleasing, and signifies quality. It tries to capture the “moments” of our lives by showing us the “right” time to do things, and to hold that moment. It built its reputation by manufacturing watches of creative shapes and introducing sports luxury watches, which was its unique selling proposition at the time. Since the prices are high, it targets the upper segment of men and women who have the purchasing power to buy its watches and accessories. Also, it enjoys the brand image of its parent company and leverages it to its full potential. Its merger with Ethos Watch Boutiques in 2016 strengthened its grip in the Indian Market.

In the launch, it displayed collections of the 2016 Petite Promesse and The Limited Edition Sheldon Cobra and Clifton Complete Calender.

Baume & Mercier Promotion & Advertising Strategy:

The promotional and advertising strategy in the Baume & Mercier marketing strategy is as follows:

Baume & Mercier brand is known to innovate and promote itself in unique ways on various digital platforms. Its digital campaigns have proved to be a hit among the customers. This is how it differentiates itself as a luxury brand symbolizing quality and no compromise on any front. During the launch event of its merger with Ethos, the watches were displayed alongside the food delicacies served on the dinner table, which was itself pleasing to the eye. This was a unique way to appeal to the audience. This completes the marketing mix of Baume & Mercier.

About Baume & Mercier:

Baume & Mercier is a watch and accessories making firm headquartered in Geneva, Switzerland. Founded in 1830, it is a subsidiary of Richemont Group. William Baume and Paul Mercier are the founders of Baume & Mercier, hence the name.

Geoffroy Lefebvre is the current CEO. The two major competitors of Baume & Mercier are Rolex and Tag Heuer.

This article has been researched & authored by the Content & Research Team. It has been reviewed & published by the MBA Skool Team. The content on MBA Skool has been created for educational & academic purpose only.

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The names and other brand information used in the Marketing Mix section are properties of their respective companies. The companies are not associated with MBA Skool in any way.
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