Investigating the consumer evaluation of the co-branding of luxury brands

Xi Chen and Zhe Li
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Xi Chen: Associate Professor, Business School, China University of Political Science and Law, 25 Xitucheng Lu, Haidian District, Beijing, China
Zhe Li: Business School, China University of Political Science and Law, 25 Xitucheng Lu, Haidian District, Beijing, China

International Journal of Research in Business and Social Science (2147-4478), 2022, vol. 11, issue 4, 01-15

Abstract: China as a hot luxury market has witnessed high growth in luxury sales despite the COVID-19. In recent years, many luxury companies have further improved their brand value and influence via co-branding strategies, however, their brand cooperation received mixed evaluations. Drawing on the conceptual blending theory and self-concept consistency theory, this paper constructs and verifies the structural equation model of consumer evaluation of luxury co-branding from the perspectives of the brands and the consumers. The study reveals that luxury co-branding fit, advertising types and the consumers’ life-role transition have a positive impact on consumer evaluation. Both the type of advertising and consumers’ life-role transition have a moderating effect on consumer evaluation. Specifically, (i) In luxury co-branding, the co-branded products paired with a high fit between the values of the cooperative brands are more likely to receive high consumer evaluation; (ii) The publicity of the brand image of the co-branded products has a stronger moderating effect on the perceived quality, appeal and purchase intention of luxury users than the publicity of the features of the co-branded products; (iii) For luxury brands with a high degree of joint fit, consumers who have not experienced life-role transformation have a stronger regulatory effect on consumers' perceived quality, attractiveness and purchase intention than consumers who have experienced life-role transformation. Key Words:Luxury products, Co-branding, Consumer evaluation

Date: 2022
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