European Opportunity Brands That Have Been Successful Clear Brand Benefit Helps Maintains a Healthy Heart Daily Defence Drink Real Cheese Only Smaller ……Creating and Meeting the Consumer Need…. Can Cheestrings Continue to Grow in Current European Markets and Enter New Markets and Be Successful? 3 Key Question Need to Be Answered….. Is the Brand Benefit Universal? Can the Consumer Need be Created in New Markets? Do we have sustainable competitive advantage? Cheestrings Brand Vision New Markets…… Two Strands of Work… CONSUMER SALES / DISTRIBUTION Snacking During the Day…LUNCHBOX EXISTS What Goes into the Lunchbox.. Typical Lunchbox Food 1/3rd of LUNCHBOXES had a BABYBEL included Mums – the Gatekeepers • 1. Nutritional Benefits All the goodness of cheese / e.g. a „glass of milk‟ on the pack – It can replace other rather “naughty foods”, e.g. sweets or meat (test week) • Nutritional factor helps to remove social pressure • 2. Alternation – Cheestrings bring variety to the lunch box – Kids do not eat regular cheese slices, but Cheestrings • 3.Versatility – At home, outside, at school: Cheestrings are perfect everywhere and for any occasion • 4.Convenience Kids Playing with FOOD ?? – It‟s convenient to take individual Cheestrings – Size, shape and packaging: Perfect for lunchboxes, bags or rucksacks – No wax, no crumbs, no dirt – Easy to store What They Said.... “Cheestrings have the double benefit of being both a treat and a substantial snack.” “It was also good to see that the Cheestrings got eaten: if you don„t mix and match the kids will give you back a full lunchbox.” “It contains calcium which is important for the bones of growing children.” “Cheese is always the better alternative, even if it contains fat.” “Babybel is less practical because of its shape. Cheestrings on the other hand has the perfect lunchbox shape." “With cheese I don„t have to feel bad about treating my child.” “It„s a great school or playtime snack, but it„s also nice to have them at home in front of the TV.” “Cheestrings are so much more exciting than regular self prepared cheese slices“ “It„s so difficult to keep the lunchbox interesting everyday: So Cheestrings is a great help.” “I would not use Cheestrings to replace a sandwich. But it„s a healthy and unproblematic addition.” Trigger Points Kids: Playing • Playing – The playing part was essential to kids – The moustache in particular got kids‟ attention “It„s so funny. You can make an octopus for example” (older boys, Berlin) “You could play with friends too. I do it.” (older boys, Berlin) “I like them: The only snack with which you can do so many things.” (younger girls, Berlin) Holy Childhood! German Kids: Protected from the Evils of the World Germany United Kingdom ● Kids start school at age 6 or 7 ● School starts earlier ● Mothers stay at home if possible ● Concept of juggling mum between job and family is socially accepted. ● Attempt to create a protective sphere for children to play & to be child-like ● Early focus on achievement and performance ● Children as ‘real children’ ● Children as ‘high potentials’ Cheestrings Market Potential Germany • Cheestrings replaced other snacks, e.g. sweets, Babybel, Bifi (test week) SALES / DISTRIBUTION Finding A Distribution Partner For Cheestrings In Germany Stamford Partners Strategy Consultants Kerry Foods Kerry Foods Developed Profiles Of Companies On Long List Identified Long List Of Prospective Distribution Partners • Published information • Store checks • Published data Company accounts Conducted Interviews With Companies On Long List Screened Companies And Developed Short List Meeting Kerry’s Criteria Approached Short-listed Companies Requesting Meeting Took Initial Meetings To Review Capabilities And Introduce Cheestrings Opportunity Introduced Kerry, Who Presented Cheestrings Opportunity In Follow-up Meetings Negotiated Distribution Agreement With Preferred Party 9 9 4 3 1 • Further information Number Of 133 Companies 44 Summary • • • • Concept Acceptance Occasion Exists Route to Market established Communication Plan May „11 April 1st Berlin 8.45pm