The Castiglioni family and MV Agusta – motorcycle art
December 2011, Varese, Italy. MV Agusta, the legendary Italian racing motorcycle brand, had just launched its latest attempt to regain the fame it had enjoyed in the 1970s. In August 2010 Claudio Castiglioni, the famous motorcycle aficionado and serial entrepreneur, had acquired MV Agusta for the third time in 20 years. Claudio was an icon in the motorcycle world, having revived illustrious brands such as Ducati, Cagiva, Husqvarna and Moto Morini. Together with his son Giovanni and Massimo Bordi, the famous engineer behind the Ducati success stories of the 1990s, Claudio hoped that third time would be a charm. Unfortunately, Claudio did not get to see the fruits of MV Agusta’s revival: He passed away on 17 August 2011 at the age of 64, leaving some big shoes for his son Giovanni to fill. Giovanni had been working in the company since 2002, as head of marketing and sales first then stepping in as CEO in 2010. He shared his father’s vision and now it was up to him to turn it into reality. The first results after the re-acquisition looked promising but the motorcycle market had been shrinking dramatically over the past 10 years. The economic and financial crisis had hit Italy particularly hard during the last three years. What would it take to complete the turnaround successfully and rapidly gain momentum in this competitive market? How could he reignite the flame under this beacon of motorcycle racing prowess? How should the MV Agusta brand be positioned now? Should it put more emphasis on the brand’s lifestyle elements, extending its offering of accessories for both bikes and riders? How large could the company become without compromising the brand’s elements of exclusivity?
Rebuilding an iconic brand, positioning a luxury product, technology innovation and development, financing growth, entrepreneurship, corporate venturing, succession management, family business governance.
2010-2012
Cranfield University
Wharley End Beds MK43 0JR, UK
Tel +44 (0)1234 750903
Email [email protected]
Harvard Business School Publishing
60 Harvard Way, Boston MA 02163, USA
Tel (800) 545-7685 Tel (617)-783-7600
Fax (617) 783-7666
Email [email protected]
NUCB Business School
1-3-1 Nishiki Naka
Nagoya Aichi, Japan 460-0003
Tel +81 52 20 38 111
Email [email protected]
IMD retains all proprietary interests in its case studies and notes. Without prior written permission, IMD cases and notes may not be reproduced, used, translated, included in books or other publications, distributed in any form or by any means, stored in a database or in other retrieval systems. For additional copyright information related to case studies, please contact Case Services.
Research Information & Knowledge Hub for additional information on IMD publications
Bossard, a Swiss company founded in 1731, has successfully transitioned from a product-centric approach to one that offers services and solutions. ...
99designs.com is a global platform connecting freelance designers with potential clients. The case study examines the potential impact of generativ...
In this study, we analyze how the performance-aspiration gap influences strategic change in family firms, providing evidence of the moderating role...
The call by the former Italian prime minister and ECB president for massive investment in the EU is a wake-up call to Europe's economic stagnation....
The case highlights the significant role played by the International Olympic Committee (IOC) in reducing its environmental footprint and promoting ...
Research Information & Knowledge Hub for additional information on IMD publications
Research Information & Knowledge Hub for additional information on IMD publications
Research Information & Knowledge Hub for additional information on IMD publications
in I by IMD
Research Information & Knowledge Hub for additional information on IMD publications
Research Information & Knowledge Hub for additional information on IMD publications
Research Information & Knowledge Hub for additional information on IMD publications
in I by IMD
Research Information & Knowledge Hub for additional information on IMD publications
in Review of Managerial Science October 2024, vol. 18, pp. 2981-3005 https://doi.org/10.1007/s11846-023-00703-3
Research Information & Knowledge Hub for additional information on IMD publications
Research Information & Knowledge Hub for additional information on IMD publications
Research Information & Knowledge Hub for additional information on IMD publications