Monday, November 04, 2013

All your favourite brands belong to just 10 companies

all the brands

You’ve probably seen this graphic doing the rounds on social media already. But if not, it really is well worth a look. It’s called ‘The Illusion of Choice’. You see lots of brands on the supermarket shelf and you get to choose your preference – maybe you choose on price, quality, smell, taste, perceived value and more. But how much of a choice is it when those brands all belong to the same companies?

You might wonder why I think this is worthy of note. Well, I think it’s worth being mindful of what you buy and where that money is going. I didn’t know that Nestle owned L’Oreal who in turn owns The Body Shop, Stella McCartney and Kiehl’s. It’s made me think again about Kiehl’s as a brand and makes me question their product quality. And can Diesel maintain its (relatively) cool brand image when its parent company is Nestle?

Equally, I think it’s important to understand how these brands and companies do deals with each other in their own company group. One example cited is Yum Brands which owns KFC and Taco Bell. The company was a spin-off of Pepsi. All Yum Brands restaurants sell only Pepsi products because of a lifetime deal with the soda-maker. Not a lot of choice going on there.

I’m not saying don’t buy these brands, maybe just be a little more mindful each time you do.