Rebranding is ticklish business. There are a myriad of issues and questions to address to achieve success. Do I just update what I have? Do I throw it all out and start over? Is there significant equity in my current brand mark? Do I rename at the same time? All of these (and more) are among the reasons we believe that working with a solid outside partner is practically mandatory.
I ran across an interesting example from the outdoor industry this weekend. With consolidation, a fair number of the major brands in fly fishing are being rolled up into families. The group that owns Sage fly rods also owns Rio fly lines – and more. Scientific Anglers has been under 3M ownership for a number of years. Last year’s acquisition of Ross Reels by 3M was a significant development.
Almost immediately, Ross was rebranded. Personally, I liked the old logo better – it had a lot of equity and was visually unique. But I see now that they’re trying to get the Ross and Scientific Anglers brands in alignment, so as a marketer I get where they’re coming from.
Here’s where I think it gets weird. The new Rio logo has been in-market for a few months. Something about it has been vaguely bugging me since I first saw it. This weekend I figured out what it was. What do you think?It sure seems to me to look just a bit too much like the new Ross logo. Yeah, I get it, I see the fish. But the basic letterform sure does have a lot of similarities to the Ross logo. And, it gives up one of the strengths of the old Rio logo – the fly line built into the image.
This brings up a key factor of rebranding – adjacency. You can’t just look at what your competitors are doing. What is needed is a holistic view of your segment. Both Rio and Ross are well-known and well-respected brands. I really believe that it would have been a good idea for Rio to consider what Ross had recently done before launching a visually similar brand.
Keep this in mind if you’re considering a rebranding. I think Rio made a major faux pas. One that could have easily been avoided.
But I will give Rio credit for one marketing win. It offered Facebook fans who visited their booth at the Midwest Fly Fishing Show a free hat just for stopping by and mentioning that they were FB fans. Solid way to tie social media to your trade show strategy – nice work, Rio!