Amid a broader slowdown in the global luxury goods industry (well, unless youโre Chanel), brands have had to trial new/refreshed strategies in order to secure the loyalty of their VIP clientele.
In no particular order: these include all-expense trips to important craft centres (e.g. the Gucci High Watchmaking salon); invite-only digs in a capital European city (ร la Chopardโs hotel at 1 Place Vendรดme); and now, in a move by Bottega Veneta, a dedicated space in Venice โfor cultural advocacyโ โ where the tippy-top of the Italian fashion houseโs clientele are able to immerse themselves in โexclusive design and extraordinary craft.โ
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Speaking to the press (via the Financial Times) earlier this week, CEO Leo Rongone dubbed this new experiential initiative โPalazzo Bottega Venetaโ: a three-way hybrid between a VIP salon, artistsโ collective and heritage museum.
โBottega Veneta, unlike many other brandsโฆwas born of the passion of a collective of people,โ said Rongone. โThis spirit of community is extremely important to us and goes beyond the brand. Thereโs a sense of encounter and exchange. What we wanted to do is give a physical space to [that] spirit.โ
Housed within the confines of the Palazzo Soranzo Van Axel, Palazzo Bottega Veneta looks โ based on imagery available at this early stage โ to be a striking embodiment of the brandโs universe. The new VIP residence still retains its historical 14th-century faรงade; and inside, the various courtyards and two-story floorplan feature materials recovered from a Byzantine palace once located in the nearby district of Gradenigo.
Aside from its primary function as an exclusive salon for Bottega Venetaโs most dedicated customers, the residence will host a revolving door of third-party artisans: selected in accordance with the brandโs โBottega for Bottegasโ mission, which aims to lend visibility to โother experts of artisan-made products.โ
โWe will welcome emerging gallerists and artists,โ continues Rongone. โPeople who are not normally exposed to the ultra-high-net-worth client will meet that client.โ
This, along with the usual slate of red carpet services and made-to-order consultation. According to representatives of the brand, Palazzo Bottega Veneta is the first of several such VIP client-only sites that will be launching in the near future: across โAsia and the Americas,โ in a handful of as-yet-unconfirmed cities.