Heritage Brand Strategy: Four Types, Four Distinct Strategies
Today, heritage brands occupy a difficult position. Squeezed between private label that sets value and insurgent brands that speak to values. Having worked on several, I have found that they often take the same approach of maximizing margins, targeting younger consumers, and launching line extensions and PPA. But in my experience, “heritage” is not a ‘one size fits all’ strategy. It is a starting condition, and different starting conditions require different discipline*, especially when budgets...