Can Old Brands Snag New Blood?
(Fast Company) — The last few decades have seen many brands fade away, only to have a number of them make a comeback in recent years. Many people used to believe that brands follow a predictable life cycle, growing, maturing, declining, and dying, but this is no longer the case. Some brands fade away as a result of shifting consumer needs, technological redundancy, competition, the economy, or just simply poor judgment from executive management. But in the last few years, a number of brands that were thought to be dead have had a resurgence and are now being given a new life in a new opportunity space.
The idea of rolling viable brands into larger portfolios has been commonplace for decades. Just look at the businesses of fast moving consumer goods such as Procter & Gamble, Kraft, Unilever and others to appreciate the continued economic and global reach of such strategies. These global consumer product brands have become masters of brand management, gobbling up businesses and expanding their multi-billion-dollar brand empires. This strategy is based on careful valuation of the viability of a brand now and in the future, on a global scale and across cultures.