Red Bull: the anti-brand brand **Best selling case**
Subject
Marketing
Authors / Editors
Tavassoli N; Kumar N; Linguri S
Biographies
Publication Year
2005
Abstract
In 2004, Red Bull found itself at a crossroad, challenged with defending its 70% worldwide market share of the €2.5 billion energy drinks category that it had pioneered. Through a combination of buzz marketing tactics, decentralised distribution and sponsorship of extreme sports and pop culture events, Red Bull had managed to build a certain mystique, which was central to building its appeal among its targeted customers, 18-35-year-olds. The category of energy drinks was maturing in some markets and there was an onslaught of competitor brands; some promoted by beverage industry giants such as Coca-Cola and Pepsi, and others private labels launched by mass retailers such as Asda (part of Wal-Mart). Red Bull had to make the strategic decision whether to actively target the mainstream and decide to what degree its growth could be supported by a narrow product line. Its choice of strategic options needs to consider its resources and capabilities and will potentially result in a fundamentally different marketing mix. Red Bull also had to consider the impact of its choices on its anti-brand mystique.
Topic List
Marketing
Industry
Consumer goods; Soft drinks
LBS Case Number
CS-04-006
Location
Austria; International
Publication Notes
Project Funder
AXA
Available on ECCH
No