What’s in a name – Regional businesses may need to rebrand to move overseas

Regional businesses may need to rebrand to move overseas, as international markets may respond more favorably to upscale offerings from the US.

Read the original at 1851 Franchise
What’s in a name – Regional businesses may need to rebrand to move overseas

TL;DR

Regional businesses may need to rebrand to move overseas as international markets respond more favorably to upscale US offerings. Kentucky Fried Chicken changed its name to KFC to get rid of its regional association for expansion purposes.

Brands that resonate with a specific region touting “regional flavors” may find a large following and high profitability in the area, but it can cause companies problems when moving overseas.

Through shifting marketing tactics, Kentucky Fried Chicken changed its name to KFC in order to get rid of the association with Kentucky for expansion purposes.

International markets tend to respond more favorably to upscale offerings from the U.S. For example, a Chili’s location in Kolkata, India is located in a “glitzy mall” with high-end designers by Indian standards.

Philly Pretzel Factory – a brand with a location in its title –might have a few hurdles to overcome if international expansion is in the works, but the company thinks it can be a niche brand touting ethnic flavor in a foreign country.

“We don’t think of KFC from being from Kentucky or Manhattan Bagels from being from Manhattan” said President Marty Ferrill. “These brands just become the name instead of just where they’re from.”

In this story

This story was originally published in 1851 Franchise on April 16, 2015. Burnaze summarizes and links to the original reporting.

Read the full story at 1851 Franchise

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