Will Cadbury’s Bond quit Kraft in the wake of Clarke’s defection to Premier Foods?

July 14, 2011

The City has given Mike Clarke, Premier Foods’ incoming chief executive, the most rousing welcome imaginable: a 35% increase in the beleaguered conglomerate’s share price.

Maybe institutional investors were simply cocking a snook at his predecessor, Bob Schofield, who saddled the company with a mountain of increasingly unmanageable debt. But I don’t think so.

Clarke comes well recommended as a capable pair of hands, and for good reason. A former Coca-Cola and Reebok man, he has run Kraft’s $12bn European operation since early 2009. As such, he was entrusted with the delicate and difficult task of hitching Northfield Illinois’s lumbering HumVee to Cadbury’s Roller – something he achieved with surprising adroitness, given the circumstances.

Clarke’s departure will not be welcomed by the dwindling number of Cadbury executives who opted to stay on, post-merger. His successor Tim Cofer, who took over the confectionery division in the wake of Tamara Minick-Scokalo’s unscheduled departure last year, is seen as a bit of a Kraft clone who doesn’t really “get” Europe.

More materially – I’m told – Cadbury’s most senior remaining executive, Trevor Bond, coveted the top job given to Cofer. Bond, who used to be in charge of Cadbury’s UK operation, initially made a successful transition to overseeing Kraft’s European division. But with the career ladder wrenched away from him, he may well feel it’s time to turn his back on life in Zurich and return to his Birmingham roots.

If he goes, will the last Cadbury executive standing please switch off the light?

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It’s Campbell’s Soup, Andy, but not as we know it

January 17, 2011

Some observant souls may have noticed that an iconic brand is about to stage its UK comeback after 5 years’ absence.

Yes, Campbell’s Soup, whose depiction 32 times on a silkscreen print propelled a certain A. Warhol to fame in 1962 (I’ve spared you the other 31 images), will shortly be available in a grocer near you.

Or will it? The Campbell’ Soup UK relaunch raises some interesting issues about what a brand actually is. It’s Campbell’s, Andy, but not as we know it.

In a sense, Campbell’s never left in the first place. Let’s go back a few years to 2006, when Campbell’s UK was acquired by Premier Foods. Under the terms of the deal, Premier was allowed to sell the tinned condensed soup until March 2008, when the licence to use the brand name ran out. It then rebranded Campbell’s Condensed Soup as Batchelor’s Condensed Soup, keeping exactly the same recipe. Everywhere else in the world, for the next 3 years, Batchelor’s continued to be marketed, by Campbell’s, as Campbell’s.

But now – with the passage of 5 years since the original deal was struck – Campbell’s UK self-denying ordinance has expired. And, guess what? Campbell’s Soups are back. Except that they’re not – well, not exactly. Sure the name is here, but there’ll be no tins of the stuff, only dried “cup soups” in packets and boxes manufactured under licence by dried-food specialist Symington’s.

So which is the authentic one? The tinned soup manufactured to the original recipe but marketed under the Batchelor’s name? Or the Campbell’s-branded relaunch, to which you add water? And does it really matter what it “says on the tin”? A pity Andy is no longer around to tell us.

Blind soup-tasting test anyone?


A question of Judgement

May 23, 2009

Paul JudgeWe know all about politicians adapting the techniques of marketing to electioneering (see my piece on David Cameron the other day). But what happens when a natural marketer turns his hand to politics?

Last March, Sir Paul Judge – the man who famously bought out Premier Foods from Cadbury and then floated it for a good deal of money on the stock exchange – set up his own political movement, Jury Team. He’s sickened by  ”the institutional corruption” of  British politics. And by what he regards as the pernicious influence of a “presidential” style of government gradually emasculating Parliament.

Now, with public outrage over the MPs’ expenses scandal at boiling point, he sees real opportunity for irreversible grass-roots reform. “The product offering from Jury Team is very good,”  he tells me, “But the problem has been getting our name out there. The European parliamentary elections on June 4 is our test market.” 

The “roll out” will be a General Election, which he predicts for the autumn. Find out more about Judge, his party and his plans in my forthcoming column.


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