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(From Financial Director)
Byline: Jane Simms.
On the face of it, Intel, Lycra, Teflon, Scotchguard, Visa, MasterCard, VHS, Dolby, NutraSweet and Interflora might not appear to have much in common - but they do. They are all 'ingredient brands', the name coined to describe commodities that have created such a strong consumer franchise that their direct customers are forced to incorporate them in their own products because of the enormous value this could add to their own proposition.
In theory, ingredient branding is 'a win-win situation'. Ingredient brands create perceived added value for which customers are prepared to pay a premium, and sales ...