Exhibition World Issue 1 — 2020 | Page 24

Retiring a brand How Informa retired two big brand names Graham-Jerome Ball, Director of Global Branding, Informa, explains how Informa Markets retired strong legacy brands, UBM and Informa Exhibitions ype ‘how to launch a brand’ into your favourite search engine, and you’ll get over one billion entries with tips, tricks, examples and lots of brand experts weighing in with their experience of brand launches. Type ‘how to retire a brand’, and you’ll get fewer than 10% of that number. How come? It might be that in branding, like in many other fields, we prefer the new and the next rather than looking in the rear-view mirror. Perhaps talk of retiring brands doesn’t feel as exciting or compelling. Also, in today’s world, where the value of brand awareness and advocacy is ever greater, businesses tend to invest and commit to their brands at a greater scale than ever before. There are, however, occasions when a brand reaches the end of its useful life or simply no longer “It can be tempting to rebrand as quickly as possible, without taking the time to understand position and value, and to fully plan how the rebranding will play out” 24 Issue 1 2020 fits into a company’s positioning or strategic business plan. The decision then comes, whether to shutter a brand entirely, or to retire it and transition to a new one. The key consideration is whether the brand has an attribute that has particular value or meaning to a community or customer base, which you wish to capture and transfer. Good brands will, over time, create a whole ecosystem of customers, suppliers, business partners and other interested parties around them, whose interests, needs and support must be fully considered in the decision. Two into one more powerful brand The decision to retire a brand is not one to take lightly. It demands a great deal of thought, planning and sometimes courage; it is complex and time-consuming, and it is just as important to get right as a one-off brand launch. In 2019, within our exhibitions business at Informa we retired two brands at once – Informa Exhibitions and UBM – and launched a powerful successor brand – Informa Markets. The brand Informa Exhibitions dated back from the turn of the century, not long after Informa itself was formed and established as a brand, while UBM had a legacy dating back 100 years, and a fascinating history of transitions from newspapers and TV to business media and events. Both brands had built up a very positive reputation with exhibitors, customers, suppliers and colleagues, which it was imperative to retain Below: Informa Markets: When two became one fresh, new powerful brand in whatever brand decision and transition we chose. Especially when acquiring businesses, it can be tempting to rebrand them as quickly as possible, without taking the time to understand their position and value, and to fully plan how the rebranding will play out in the wider world. This brings the danger of brand fatigue and loss of support among the brand’s former advocates and champions. Transitioning to Informa Markets In early 2019, we took the decision to retire both brands and move to Informa Markets for a number of reasons. The most significant was w w w.exhibitionworld.co.uk