by Jeff Lotman, ePerspective from Food Technology – On November 20, Hostess announced that mediation with its bakers union had failed and that the 82-year-old company would proceed with liquidation plans. The good news is that the company’s iconic brands, such as Twinkies and HoHos, may not be gone for good. There may be multiple buyers of the individual product brands under the Hostess umbrella or there may be a single buyer who acquires them all. But rest assured, they will be sold because they have real market value. Estimates are that the combined sale of Hostess could be worth over $2 billion.
posted in media on 12/12/12
by Karolyn Schuster, Rapaport – We know where the richest people live and how much they are worth. But are they buying luxury products?
Jeff Lotman, founder and chief executive officer (CEO) of Global Icons, a brand licensing agency, said his licensees sell “carbon fiber bicycles priced at over $5,000 to young male consumers who don’t even ride them. They hang them on their walls. In what other country would you find young people doing that?” Lotman said the Chinese luxury market is very male focused “but the female entrepreneur is becoming more significant.” Both groups, he said, buy luxury products “because they show the world you’ve made it and showing the world you’ve made it, in turn, makes you feel good.”
Noting the status cachet of branded items, Lotman said “the bigger the logos, the better. In other markets, it might seem ostentatious — almost in your face to us. But in China, they want the product covered in logos.”
Lindsey Jahn, Food Manufacturing – Hostess last week received court approval to liquidate its company, resulting in the termination of 18,500 employees and leaving the future of the company’s iconic brands up in the air. Food Manufacturing spoke with Jeff Lotman about the future of these brands and how the Hostess sale could affect the bakery marketplace.
Chris Woodyard, USA TODAY — Some new BMW customers haven’t even turned 16 yet — as in months, not years.
Introducing the BMW baby stroller. It’s not necessarily faster than other strollers, but it’s certainly stylish and nimble. And other babies are sure to watch with envy, even if it’s chauffeur- or mom-driven.
Read the full article on USA Today.
posted in media on 10/22/12
Tiffany Hsu, Los Angeles Times – Take one part Brad Pitt, sultry superstar. Add a dose of luxury fragrance Chanel No. 5. Mix both delicious components in a commercial shot by Oscar-nominated director Joe Wright. What do you get?
When branding expert and Global Icons founder Jeff Lotman first saw the Pitt video, he said he “thought it was a little lame.”
But the end effect for Chanel will be positive, he said. The parodies give the brand public attention, “which is everything you could really want” as a company, he said.
posted in media on 10/19/12
by Jeff Lotman, cnbc.com – Last week, the U.S. anti-doping authorities asserted that renowned cyclist Lance Armstrong had not only engaged in illegal doping, but also gave banned performance enhancing substances to his fellow cycling team mates.
Read the full article on cnbc.com.
posted in media on 9/4/12
Chik-fil-A same-sex marriage fallout offers lessons to industry
Bret Thorn, Nation’s Restaurant News – The firestorm that engulfed Chick-fil-A following comments made against same-sex marriage by leader Dan Cathy may have ebbed, but the fallout continues.
More than a month after Cathy, president and chief operating officer of the 1,600-unit quick-service chain, stated to the Baptist Press that he was “guilty as charged” in his support of “traditional marriage,” angry students at the University of Maryland circulated a petition to shut down a campus outpost of the chicken purveyor.
by Brad Finkelstein, National Mortgage News / Origination News – The opening for the independent mortgage banker or mortgage broker exists in today’s marketplace because of the things the big banks have done which have tarnished their reputation among consumers, including the government bailout and the robo-signing scandal, a branding expert declares.
Jeff Lotman, CEO of Global Icons, a corporate brand licensing agency, said the first thing that might be hurting the banks is that they have made underwriting criteria so tough that it has become difficult for consumers to borrow money.