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Situation:
Colgate-Palmolive, a leader in
Europe and Latin America in
toothpaste sales and brand
recognition had developed
breakthrough patented technology
providing gingivitis protection and
created a new variant, Colgate Total,
in which to launch it. Colgate, a
leader in international branding,
created a process to internationally
launch new brands, but had not yet
successfully put
the theory into practice.
Challenge:
Growing in
global recognition, but yet to
dominate the Oral Care market,
Colgate-Palmolive, selected the
Greek subsidiary to develop and test
Colgate Total brand elements and
create the foundation for the line
extension. Innovative, yet
expensive technology threatened
diminished margins without careful
price considerations, thus
introducing the first premium priced
toothpaste variant with patented
technology.
How We Helped:
-
Led a
pan-European cross-functional
business team through
development and implementation
of marketing plans, management
of forecasts, assessment of new
product opportunities and
determination of the viability
of new distribution
alternatives. Directed in-market
tests supporting a 25% premium
price point, a first in the
industry. Successful in-market
testing led to an 18% volume
increase and 22% profit increase
in the toothpaste segment.
-
Became
the “Brand champion” by leading
and executing all marketing mix
elements including
cost-effective cross-country
advertising production, trade
and consumer promotions with
universal brand-trigger
elements, insightful price
elasticity analysis, and
creative eye-catching packaging
ensuring shelf impact for an $18
million dollar brand equity.
Impact:
Spearheaded
the launch of four Oral Care global
product bundles in the Greek market
(toothpaste, mouthwash, toothbrush
and floss) under the Colgate Total
equity creating a 12% growth in
sales in the first year and securing
market leadership. Set best practice
standards for a global launch
criteria with results benchmarking
future global toothpaste launches.
Launch became the first truly global
launch of a toothpaste variant
internationally, catapulting Colgate
to #1 status for the first time in
the United States and securing its
global position as the world’s
leading toothpaste brand. |