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“We want the capacity of the tanker and the speed of the little boat” – Beechdean MD Andrew Howard on competing in UK ice cream
Yahoo Finance· 2025-09-09 12:49
Core Insights - Beechdean's business model relies heavily on collaborative partnerships with retailers, emphasizing the importance of mutual willingness to innovate and adapt [1][4] - The company has successfully launched new products and is experiencing growth in the UK ice cream market, which is valued at £1.5 billion ($2 billion) [5][3] - Beechdean aims for a growth rate of 10-15% annually over the next few years, targeting a revenue cap of £45-50 million [30] Business Performance - Beechdean has a diverse revenue stream, with approximately 55% coming from own-label partnerships, 0.5% from Beechdean branded retail, and around 5-6% from other branded products [15] - The company has maintained a 100% supply rate with Aldi this year, indicating strong operational efficiency [8] - After losing 85% of its business during the COVID-19 pandemic, Beechdean is restructuring its business model to mitigate future risks [8] Product Development and Innovation - Beechdean is focusing on innovative products, including a new ice cream line in collaboration with The Sidemen's food brand, Sides [5][12] - The company has invested in advanced machinery to enhance production capacity, aiming to produce a million portions of ice cream daily [16][18] - Growth has been particularly strong in the sorbet category due to seasonal demand, with a notable increase in sales during warmer weather [20] Market Positioning - Beechdean competes in a crowded market by leveraging partnerships with major retailers like Aldi, Morrisons, and Asda, rather than positioning itself against larger multinational brands [24][26] - The company is focused on building loyalty with its retail partners and is optimistic about future collaborations [14][32] - Beechdean's strategy includes a balance of flexibility and capacity, allowing it to respond quickly to market demands while maintaining production efficiency [24] Future Outlook - The company sees significant opportunities for growth in the foodservice sector, aiming to regain its previous market share lost during the pandemic [33] - Beechdean plans to expand its product offerings and strengthen its brand partnerships, which are viewed as a new growth avenue [33][32] - The domestic market remains a priority, although there are plans to explore international opportunities, such as supplying dog ice cream to Australia and Germany [27]
It's Always a Good Day: Goodyear X Ice Cube Partner to Prove That Swagger Never Fades
Prnewswire· 2025-08-25 13:30
Group 1 - Goodyear has partnered with Ice Cube to promote his "Truth to Power" tour, featuring the Goodyear Blimp at various concert venues across the U.S. [2][3] - The partnership was officially launched at the BIG3 Championship in Orlando, showcasing the blimp as part of the event [1]. - Goodyear is recognized as one of the world's largest tire companies, employing approximately 68,000 people and operating 53 facilities in 20 countries [4]. Group 2 - The collaboration aims to bring Ice Cube's music history and cultural impact to life, particularly referencing his iconic song that mentions the Goodyear Blimp [3]. - Concertgoers in cities like Denver, San Diego, Los Angeles, and Cleveland will have unique experiences involving the Goodyear Blimp during the tour [2]. - Goodyear's Innovation Centers in Akron, Ohio, and Colmar-Berg, Luxembourg, focus on developing advanced products and services for the tire industry [4].
Interparfums Announces Fragrance License Agreement with Longchamp
Globenewswire· 2025-07-22 12:05
Core Insights - Interparfums, Inc. has signed an exclusive fragrance license agreement with Longchamp, effective through December 31, 2036 [1] - Interparfums SA will handle the creation, development, production, and distribution of Longchamp-branded fragrances, with the first launch anticipated in 2027 [2] Company Overview - Interparfums, Inc. operates in the global fragrance market since 1982, managing a diverse portfolio of prestige fragrance brands under license agreements [5] - The company has two operating segments: European operations through its 72% owned subsidiary Interparfums SA, and U.S. operations through wholly owned subsidiaries [5] Longchamp Overview - Longchamp, founded in 1948, is known for its values of authenticity, energy, and optimism, and has expanded its product offerings to include travel accessories, handbags, and more [4] - The brand is committed to sustainability and has a strong global presence with over 400 stores in 80 countries [4] Strategic Importance - The partnership with Longchamp is seen as a strategic move to enhance Interparfums' fragrance portfolio and expand its market presence [3] - Both companies express optimism about the collaboration, highlighting the potential for innovation and brand value enhancement [3]
CHIPOTLE'S HOCKEY JERSEY BOGO OFFER RETURNS IN THE U.S. AND CANADA FOR THE 2025 STANLEY CUP® PLAYOFFS
Prnewswire· 2025-04-16 12:01
Core Points - Chipotle Mexican Grill announced a "Wear Your Hockey Jersey" program offering a BUY-ONE-GET-ONE (BOGO) deal on entrees for diners wearing hockey jerseys on April 21, 2025, after 3:00pm local time [1][2] - The promotion is part of Chipotle's ongoing partnership with the NHL, which has been extended, maintaining its title as the official Mexican-themed quick service and fast-casual restaurant of the NHL [4][8] - Chipotle will also become an official partner of the National Hockey League Players' Association (NHLPA) for the first time, allowing collaboration with NHL players on future marketing campaigns [5][6] Company Initiatives - The BOGO promotion is limited to five free menu items per check, requiring the purchase of an entrée of equal or greater value, and is valid only in participating U.S. and Canada Chipotle locations [6][8] - Chipotle's Chief Brand Officer emphasized the tradition of the BOGO offer as a way to celebrate hockey fans in North America [3][6] - The partnership extension with the NHL aims to enhance fan engagement through unique promotions and collaborations [6][8] Industry Context - The NHL, founded in 1917, consists of 32 Member Clubs and engages over 670 million fans annually through various media channels [10] - The NHLPA, established in 1967, represents NHL players and promotes the game of hockey while supporting grassroots initiatives [11]