The paradoxes of luxury presented at Paris Luxury Summit 2023

 

 

 

Initiated in 2014 by CB News and Publicis Media, this important event of the year proposes for the 2023 edition a « FULL PARADOXAL » immersion dedicated to exploring paradoxes in the world of luxury.

 

On this occasion, Stéphane Truchi, CEO of the Ifop Group and luxury sociologist, along with Rémy Oudghiri, General Manager of Sociovision (Ifop Group) and sociologist, presented an exclusive study powered by Dynata*, addressing the main paradoxes: a reflection of the sociological fragmentation of luxury clientele in Europe, the US, and China.

 

 

ST: « We have identified five fundamental and particularly sensitive paradoxes today, which we have assessed in the international survey conducted for the Paris Luxury Summit this year. The first paradox is how to reconcile the sobriety of responsible consumption with the compulsive pleasure intrinsically linked to the consumption of luxury products… ».

The fulll interview in French is available on the website of our partner CB News.

 

Replay is available with automatic English subtitles on YouTube.

 

 

 

*Dynata is the world’s largest first-party data company for insights, activation and measurement. With a reach that encompasses nearly 70 million consumers and business professionals across the Americas, Europe and Asia-Pacific, Dynata is the cornerstone for precise, trustworthy, quality data. Find out more at www.dynata.com.

 

 

Download « The paradoxes of luxury » report via this link.

 

[Press Release] The Ifop Group Enters Strategic Partnership with Israeli Startup Fairgen to Transform Market Research Through Generative AI

On the occasion of the event « Printemps des études » and following months of successful trials, the Ifop Group announced a transformative partnership with the Israeli startup Fairgen.

 

This innovative partnership will empower Ifop Group to conduct large-scale analyses of niche segments with unprecedented speed and precision, effectively minimizing both error margins and sampling biases.

 

 

 

Generative AI: Accelerating Digital Transformation of the Market Research Industry

 

The advent of AI, following the digital revolution of the 2000s, marks a new turning point for the market research and public opinion polling industry. The ability to predictively process intricate datasets is opening new avenues for research firms and businesses to gain fast insights into their markets.

In today’s increasingly diverse world, the exploration of niche markets has become an imperative for sound decision-making. Yet, obtaining such data has often been accompanied by prohibitive costs, hindering access for many.

 

 

Samuel Cohen, CEO Fairgen :

 

“The ability to extract precise and in-depth insights from studies is essential for companies. Thanks to generative AI, we can reinvent how knowledge is collected. Fairgen’s solution allows for quicker and more accurate insights and achieves reduced error margins, comparable to those of larger samples, without the need to collect more data. “

 

“The use of synthetic data in research can diminish collection costs and open new sources of revenue from niche markets. This will revolutionize the discovery of insights: more analysis power, faster, and at a controlled cost. In addition, access to segments that were previously “impossible” because they were too small or too difficult to reach for fieldwork, becomes exploitable by extrapolating the results.”

 

 

Emmanuel Candès, scientific advisor at Fairgen, Director of the Department of Data Sciences and Statistics at Stanford University

 

“The generative AI technology developed by Fairgen, combined with a rigorous evaluation of its predictions, has the potential to transform survey sampling.”

 

 

The Ifop Group, founded in 1938, takes pride in remaining a pioneer and is committed to this new revolution in the field.

 

 

Christophe Jourdain, General Manager of the Ifop Group and sponsor of this transformation project, shares his enthusiasm.

 

« This partnership represents a major advance in integrating AI into the solutions we offer our clients. It allows us to develop new and truly value-added approaches in the analysis of micro-segments and the predictive processing of complex data. It also gives us the opportunity to develop bias reduction protocols and quality control enhanced by AI. The research conducted in recent months has tested Fairgen’s technology applied to studies, and demonstrated the complementarity and excellent harmony of our teams. It has also allowed us to align ourselves with the ethical fundamentals – particularly transparency towards our clients – which have always been the basis of our profession and reputation. We are excited to continue the collaboration within the framework of this formalized partnership. »

 

 

 

About Fairgen

 

Created in 2021 by Samuel Cohen, Fairgen pioneers the creation of generative AI solutions applied to the research industry. Founded by a select team of data scientists, mathematicians, and engineers, its mission is to accelerate time-to-insights for research and insights professionals via a suite of deep machine-learning models capable of transforming complex datasets and automating analysis. This pioneering GenAI technology is poised to catalyze the ongoing digital transformation of the traditional market and consumer research sector. Emmanuel Candès, a globally recognized eminent statistician, has joined Fairgen’s Board of Advisors and validated its cutting-edge technology.

 

 

About Ifop

 

A human-sized company in the Top 5 research institutes in France, Groupe Ifop has been a leader in opinion studies since 1938 and a reference in marketing, quantitative and qualitative studies in Europe, the USA, and China. Since 2018, Sociovision has enriched the Group’s offerings with unique market observatories and exclusive data science expertise. In 2022, the acquisition of Occurrence, an independent research and consulting institute, and its subsidiary Deep Opinion, complements the value proposition in evaluating communication strategies. In 2023, Brain Value, the leader in qualitative studies in France, brings a new momentum to qualitative expertise and strategic planning for an even more
comprehensive customer support from the Group.

 

 

 

 

Contact medias : L’agence humain.e – Celine Germani 06.28.07.76.75. – celine.germani@gmail.com

Press Release

« With Ifop, Brain Value’s mission is to become THE specialist for strategic qualitative research » – Interview with Nathalie Ternisien, Ilana Rudiakov and Nicolas Riou

 

 

 

Courtesy of MRNews *

 

A few weeks ago, Ifop, the oldest French group specialised in marketing and opinion research, announced a significant milestone in its external growth strategy with the acquisition of Brain Value. Established in 2003, this company is one of the most dynamic players in the market, positioned at the crossroads of qualitative research, strategic planning, and marketing consultancy.
Its founder and CEO Nicolas Riou, along with Executive Vice-President Nathalie Ternisien and Ilana Rudiakov – formerly Head of Ifop IQ and now member of the Brain Value management team –  talk about synergies created by this merger, as well as the ambitions of this new Brain Value, which becomes  the brand representing qualitative research within the Ifop Group.

 

 

MRNews: Brain Value has established an original domain, situated at the intersection of qualitative research and strategic planning. However, hasn’t Ifop already adopted this approach?

 

Ilana Rudiakov (Ifop IQ): Yes, absolutely. Upon his arrival, our CEO Stéphane Truchi was eager to develop and enhance Ifop’s offer by integrating strategic planning, which initially gave rise to the creation of InCapsule. When I joined the group two years ago, he expressed a strong desire to take this hybrid approach even further. As a result, we created Ifop IQ, these initials meaning Inspiring Qual. The aim was to leverage strategic planning to ‘augment’ qualitative research. In particular, semiology and trend detection have bolstered our systems. This hybridisation takes place naturally with qualitative research, but also with the group’s other activities, including Ifop’s quantitative research, Sociovision and Occurrence. Our merger with Brain Value thus extends an already well-established approach.

 

 

What other important commonalities exist between Brain Value and Ifop IQ?

 

Nathalie Ternisien (Brain Value): We share the same vision on qualitative research, with a very strong strategic focus. On both sides, we prioritise fundamental studies over a few ‘tactical’ tests. I’m thinking in particular of in-depth brand investigations – which we call ‘Brand Essence’ – as well as brand audits. Historically, brand strategy consultancy has been our strong point.

 

IR: For Ifop IQ, the strategic aspect is also predominant. Brand issues are very much a part of our activity, as well as the precise markets exploration, to assist companies in identifying the best opportunities, with reflections regularly involving lead users or experts.

 

 

From left to right: Christophe Jourdain (Ifop Group Deputy General Manager), Ilana Rudiakov (formerly Head of Ifop IQ, now Senior Vice-President of Brain Value), Nathalie Ternisien (Executive Vice-President of Brain Value) and Nicolas Riou (Founder and CEO of Brain Value).

 

 

For complementarity to be fully effective, there must also be differences. What are they?

 

NT: There are convergences – I’m thinking of the Luxury & Beauty sector where we are both renowned – but also clear complementarity between us in terms of the industries we work with. Brain Value has a strong expertise in FMCG and areas such as Gaming, Automotive, and Healthcare. The Ifop Group, on the other hand, has strong positions in Energy, Banking  & Insurance, and more broadly in Services. This allows us to cover all key sectors, which is a real advantage.

 

IR: The merger will also help strengthen our positions internationally, especially in the United States and China. It is an opportunity for us to expand our local presence in these two major markets, with professionals who have a deep understanding of these cultures, in addition to the business initiated from Paris.

 

 

You have announced that your qualitative research and strategic planning activities will be carried out under the single brand of Brain Value. Why did you make this choice?

 

NT: The Brain Value brand was founded in 2003. It enjoys a strong reputation, especially in France with French companies of international stature, but also in China. It goes without saying that we don’t intend to destroy this value, but rather to capitalise on it. However, particularly in the field of qualitative research, value also relies a lot on the teams involved, thus on the one we are now forming with Ifop IQ.

 

Nicolas Riou (Brain Value): The reputation of the Brain Value brand, and its close association with a strategic qualitative research, is indeed a major asset. Clients are attached to people, and I fully agree with Nathalie. They are also attached to a certain mindset and to specific expertise that we’ll be keen to promote. That’s part of our strategy. But we are also going to strongly emphasise the synergy with Ifop, and our upcoming visual identity will undoubtedly reflect this.

 

 

In practice, do you already know how the teams will be working together? Will the premises be shared?

 

NT: Ilana is a member of our Management Committee as Senior Vice-President, alongside Cécile Batho, Cécile Gorgeon, our CFO Safia Hoarau, Aurélie Pichard, myself, and of course our CEO Nicolas Riou. That’s an important first step, that means we’re joining forces to design the qualitative research of tomorrow, with this strong strategic focus we’ve been talking about, and now a team of 60 people overall.

 

IR: We’re in work in progress mode! We’ll certainly work under the same roof, but first things first. Meanwhile, we’re meeting regularly in our Management Committee sessions, but also beyond that perimeter, because I want to expand the circle to ensure that the teams get to know each other quickly and get the measure of this opportunity. In particular, we organise internal meetings to encourage interaction and intellectual stimulation, as well as brainlunches on various themes. We’ll also collaborate in creating and hosting events together, with our customers, in different formats as inspiring as possible.

 

 

What are or will be the major benefits for the market?

 

NR: They already have access to an extended Think Tank of experts. This is true for Ifop’s customers, who can now benefit from Brain Value’s resources, particularly in terms of strategic planning. But it’s also true for Brain Value’s customers, who can request all of the Ifop Group’s expertise. With qualitative and quantitative research, Sociovision, and also Occurrence and its subsidiary Deep Opinion, they have access to the best of both worlds! I would like to add that combining our expertise will enable us, in a few months, to build innovative offerings on the market. Stay tuned!

 

 

Looking ahead 4 or 5 years, how do you evaluate the success of this merger?

 

NT: Our main ambition is to become THE market leader in brand strategy issues. When teams are wondering about defining a brand platform, about its purpose, identity, imagination, values, territory, but also about the innovation strategy associated with it, Brain Value must be the first name that comes to mind. We also aim to further strengthen our leadership in the Luxury & Beauty sector, following the strategic direction set by Stéphane Truchi for the Ifop Group.

 

NR: It seems crucial to me that we should be perceived as multi-specialists, with expert representatives in various key categories. This is true for Luxury & Beauty, where our leadership is renowned. But it can and must be extended to other domains such as Automotive, Gaming, Food and Services, etc.

 

 

Is there anything important you’d like to add?

 

NT: Since we started working together, I have been struck by the obviousness of our commonalities. We speak the same language, but we also share the same passion for what we do, which I believe is a significant key. I truly believe that we can only excel in this profession if we are passionate, and we certainly are!

 

NR: This common culture is an essential factor. We share the same values, including the passion for this profession, the quest for excellence, and certainly a form of goodwill too. Being in a positive and enjoyable environment truly matters! So we have lots of synergies and complementarities, and a very strong desire to leverage all that to invent qualitative research and studies of tomorrow. Because we work in a changing world, and as our customers’ needs are evolving, we have to adapt to them constantly, designing new solutions day after day to serve them better.

 

*MRNews – Interview in French

 

 

VISION[S] – trends in Europe, North America and Asia

 

Vision[s] is an international prospective study conducted each year by Sociovision (Ifop Group), which highlights emerging trends in the world and their implications for economic and institutional players.

 

This year, a quantitative study will be conducted on three continents (Europe, North America, Asia). It will reinforce the qualitative analysis issued from international monitoring and interviews with experts and creative influencers. A representative national sample will be surveyed in each country (France, Germany, Spain, the United States and China) on societal trends and on the major consumer movements of the moment (inflation, ecological transition, A.I., etc.).

 

 

 

Among the themes covered by the study:

  • State of mind, social climate
  • Ecological transition
  • Consumption
  • Dreams and aspirations
  • Relationship to the virtual, Artificial Intelligence, impact of the screens
  • Relationship to brands, fashion, luxury
  • Relationship to work…

 

 

Download the detailed brochure [ VISIONS 2023_english version ]

[Press Release] Ifop Group joins the community of Napoleons for the 17th edition of the Summit in La Baule and becomes a partner.

 

In 2023, the Ifop Group and Les Napoleons are joining forces in a partnership for the 17th edition of the Summit, on the theme of « Repair », which will take place in La Baule (Loire-Atlantique) from 28 June to 1 July.

 

The Ifop Group will be accompanying Les Napoleons in their mission to bring forth social issues and provide solutions, as well as complementary and diverse viewpoints, in order to cultivate the critical spirit of decision-makers and build the future. It’s a mission in line with the commitments and passion for the profession that is shared throughout the Group.

 

Repair, an obvious theme

 

The theme of this year’s event was chosen because it resonates perfectly with the profound changes that have taken place in society in recent years. This verb alone embodies the notion of a cycle. Because it is clearly more profound than a simple fashion or generation movement, it is essential to understand its significance in terms of intentions and actions at all levels.

 

This is an opportunity for the Ifop Group – now comprising of Ifop, Sociovision, Occurrence, Deep Opinion and Brain Value – to showcase its expertise and propose the implementation of an exclusive research programme that will provide the Summit with tangible insights into the common ground and points of divergence that this theme evokes and implies when addressing citizens and consumers in France and internationally.

 

Ifop Group speakers and their multiple perspectives

 

 

Among the spokespersons for these studies, Stéphane Truchi, CEO of the Ifop Group and Rémy Oudghiri, Managing Director of Sociovision, will be highlighting their findings at the Summit and Assaël Adary, Co-founder and Managing Director of Occurrence, during an exclusive event, Before*.

Frédéric Dabi, Opinion Managing Director at Ifop, will be sharing his views in the Napoleons Voice series.

 

Alongside other speakers such as… Ghada Hatem-Gantzer, gynaecologist and obstetrician, founder of La Maison des Femmes, Gilles Boeuf, biologist specialising in biodiversity and the oceans, former Chairman of the Muséum national d’Histoire naturelle, Olivier Goy, co-founder of October, whose personal story inspired the film Invincible Été, Camille Aumont-Carnel, a feminist activist specialising in sex education and a columnist for the health magazine Allô docteurs on France 5, and Chloé Morin, a political scientist and essayist.

 

The 17th summit in La Baule will bring together an open community of women and men driven by the desire to share and promote virtuous, ethical innovation that benefits with benevolence and determination the greatest number of people.

 

 

To learn more about Les Napoleons, click here.

 

Press Release

[CORPORATE NEWS] The Ifop Group continues its growth and acquires Brain Value, the leader in qualitative research in France.

 

“The acquisition of Brain Value is an opportunity for Ifop Group to bolster its leadership in the French market research sector and further strengthen its position in Asia and the United-States, our two priority markets for future development” explains Stéphane Truchi, CEO of Ifop Group, and driving force behind this transformation.

 

 

“After 20 years of entrepreneurship and some impressive results, we became the leading qualitative research agency in France and the time had come for Brain Value to join forces with a bigger group so as to set a new cycle of growth in motion. With Ifop Group, this is now possible and the entire Brain Value team is keen to commit to a new project that will enable us to broaden our scope of activity even further” shares his delight Nicolas Riou.

 

To discover brain value : website link

 

 

THE FUTURE OF LUXURY AND BEAUTY 3.0

The Ifop Group (with Stéphane Truchi, Ilana Rudiakov, Remy Oudghiri & Michel Ladet) x Darkplanning (with Eric Briones) x Darkplanning has designed a new kind of study system to help brands in the world of Luxury & Beauty project themselves into Web3 in a way that’s sustainable, stemming from the fact that the klaxons of the first opportunities identified – or even explored – alone will not be enough to carve out a potential future for a brand in this new era of the web.

 

This universe is clearly as perplexing as it is fascinating.

However, the opportunities are there. The use of Blockchain to authenticate and track the origin of products provides greater transparency for manufacturing and distribution. NFTs as well as smart contracts are reimagining loyalty programs and driving the creation of exclusive sales…Immersion into new experiences in the metaverse defies the laws of the mortal world…

 

In order to take things further and go beyond these initial leads, the Ifop x Darkplanning team spent several months meeting with recognised experts to question them in depth about their views, opportunities, limits and sticking points to be anticipated in order to create unique and forward-looking material. In a few weeks, this preliminary work will be combined with a major survey of Luxury-loving Web3 users worldwide – from the POAP and DressX communities (thanks to our partners Sebastian Orellano and Olga Chernysheva DRESSX Sustainability).

 

Working to achieve sustainable strategic scenarios to support brands in their 3.0 development and give them practical scenario-based activation keys. Made in Ifop x Darkplanning is an enhanced feedback experience including exclusive dinners in the presence of recognised figures from the sector, completing the system and connecting client brands with makers of the moment.

 

Discover the experience (via this link or on YouTube) !

 

 

 

 

https://www.youtube.com/watch?v=M24Q3ZjCR30

 

[DECODING] PUT A RING ON IT… BUT ONLY IF IT’S ETHICAL

In this Decoding #4, the IFOP IQ team analyses the emergence of ethical and responsible wedding jewellery in the French and American markets, by questioning both the initiatives of players in the jewellery sector and consumers’ expectations.

 

 

Yes, choosing an ethical engagement ring makes sense to me. Giving the person you love a ‘blood diamond’ is horrible really when you think about it! Arthur, France

 

An increasingly pronounced interest in ethical and responsible jewellery is emerging among consumers. As far as wedding jewellery is concerned, two materials are found at the centre of their concerns: gold and diamonds.  Synonymous with great value, associated with power, abundance and eternity, gold and diamonds form the object of all quests and desires, through the ages and in many places around the world. It’s no wonder they have become the preferred materials used in contemporary wedding jewellery. However, among this extraordinary imagery where wealth rubs shoulders with romance, we find images of devasted natural environments, deforestation, dangerous underground mines, human exploitation, and sometimes armed and bloody conflicts posted over the past few years.

 

Does this awareness, which goes hand in hand with this imagery of destruction, constitute a decisive turning point? A rite of passage and a pivotal moment in married life, a prelude to building a family, engagement and marriage still remain a key stage in life, shrouded in romance. In France as in the United States, consumers have high expectations of these jewels, symbols of love and commitment. For some, the exploitation of gold and diamond resources is no longer compatible with the values associated with contemporary marriage. 

 

What if tomorrow’s consumers demand wedding jewellery that’s produced ethically?
What are the solutions and alternatives?

 

 

[This article and the dossier are based on a meta-analysis of several qualitative studies conducted by IFOP IQ with CSP+, in France in the United States, in 2021 and 2022.]

 

 

These 5 insights can be explored in the file available (in french) for download.

 

 

 

 

« Commitment and emotion – a cocktail that will make luxury even more desirable than it is today » – The visions and utopia of the luxury sector

 

The Ifop Group, a partner of the Paris Luxury Summit, the leading event in the world of luxury, presented an exclusive study on December 13, 2022.

 

The theme of this year’s event, « Luxopia: utopia, concretely« , offers a journey through all the possibilities, with the speakers coming from different horizons to shed light on this notion. What role the luxury sector will play in the future ? With the geopolitical context and societal aspirations being questioned, what is the path to follow ?

 

The study conducted by the Ifop Luxe and Sociovision teams in France, the USA and China this year focused on the theme « The visions and utopia of luxury according to its clientele », was presented by Stéphane Truchi, CEO of the Ifop Group.

 

« Commitment* and emotion – a cocktail that will make luxury even more desirable than it is today » – Stéphane Truchi, in an interview with CB News.

*(360° commitment: environment, climate, supply chain, production, CSR…)

 

 

Find the replay of the event (in French) : via this YouTube link

 

 

The complete report is available to download :   The luxury utopias of tomorrow, Ifop Group x Paris Luxury Summit _ 2022

 

[DECODING] THE WINE & SPIRITS PACKAGING REVOLUTION IN THE AGE OF ENVIRONMENTAL AWARENESS

 

In this third issue of [DECODING], we examine the solutions envisioned by both consumers and wine and spirits brands to rethink packaging in this age of environmental awareness. 

 

“Regarding food, yes I will be careful with what I buy. But when I want to have a drink with my friends, I’m thinking about us having a good time together. I want to relax and enjoy myself. These environmental issues just don’t cross my mind.” United States

 

Concern for the environment has infiltrated the daily lives of individuals in upper socio-professional categories in France, the United States and even China. Increasingly aware of the ecological impact of what they consume on a daily basis, they are looking for alternatives in food, beauty, hygiene and household products, not to mention fashion. Means of transport and tourism activities are not immune to this questioning either.

 

Yet one product category falls further off the eco-friendly radar: wines and spirits. Consumers are less well informed about the ecological damage caused by this industry, which enjoys an almost sacred aura. Even among the most responsible consumers, the ecological aspect is far from being the most important element considered at the time of purchase.

 

Upon gaining awareness, three major concerns emerge: the use of pesticides, the carbon footprint of transporting bottles, and packaging.

 

What are the eco-friendly packaging options for wines and spirits in France, the United States and China?

 

We offer you an overview of the innovations imagined by brands and their perception by consumers in our Decoding report for the month of September.

 

[Article and reports based on a meta-analysis of several qualitative studies conducted by IFOP IQ in France, China and the United States with individuals in upper socio-professional categories, between 2021 and 2022]

 

 

 

These 5 insights can be explored in the file available (in french) for download.