August 2001
Ford Motor Co.
Detroit-based Ford Motor Co.’s nascent iDentify licensing unit in June acquired The Beanstalk Group, New York City. Ten-year-old Beanstalk handles licensing programs for such huge brands as Coca-Cola, McDonald’s, and Harley-Davidson.
The merged company will be based in Detroit but operate under The Beanstalk Group name. It will manage the programs of all Ford brands including Aston Martin, Jaguar, Ford, Volvo, Lincoln, and Mercury. Ford generates about $800 million per year from licensed merchandise.
Ford started in this direction in spring 2000, when it formed iDentify as a joint venture with promotional products distributor Ha-Lo Industries, Niles, IL. The business plan was to first organize Ford’s own merchandising efforts, then begin offering services to other companies. IDentify ceo Linden Nelson bought out Ha-Lo’s minority interest in May and began looking for another partner, according to a report in The Wall Street Journal.
Nelson will head up the new company as ceo, with Ford group vp-global business Jim Donaldson serving as chairman. Beanstalk co-founders Seth Siegel and Michael Stone will be executive vps and retain minority interests.
Ford has about 650 licensees, so our first step is to review, to determine what categories are well-provided and learn from our top performers, says Siegel. I’m not saying we’ll need to do this, but we may look at what licensees might be better to shed.
This transaction is part of a broader effort at Ford to maximize the value of its considerable assets, as well as expand the reach beyond automotive to new companies and industries, Donaldson said in a statement.
JVC
JVC, Wayne, NJ, throttles back on Ride the Wild Side, a campaign that has recruited Motley Crue member Nicky Sixx, snowboarding and mountain bike champion Shaun Palmer, and skateboarder Jason Maxwell to woo 18- to 29-year-old males in a new loyalty program. For every purchase, consumers earn points that can be redeemed for DVDs and CDs, Fender guitars (including a Buddy Guy-autographed Stratocaster), Hoffman BMX bikes, and Dragon sunglasses. A Wild Side Weekend sweeps overlay will award travel packages of the winner’s choice to consumers and promotional partners. Elsewhere, JVC signed a three-year, $40 million deal with Los Angeles-based New Line Cinema making it the exclusive electronics partner for the studio’s upcoming trilogy, The Lord of the Rings. The first film premieres Dec. 19.
Ben & Jerry’s
Ben & Jerry’s, South Burlington, VT, is looking for potential stars for Citizen Cool, a movie project that will highlight people doing extraordinary things in their communities. Scoop Trucks are touring top markets through August collecting tales of local good deeds and sampling ice cream. P-O-P in supermarkets and Ben & Jerry’s outlets, FSIs, radio spots, and information on benjerry.com support. The Citizen Cool premiere will be held this fall at the annual Ben & Jerry’s Golden Cone Awards in Burlington. Centra Marketing & Communications, Westbury, NY, handles.
Mott’s
Stamford, CT-based Mott’s, Inc. is readying a national program tying its Margaritaville line of mixes to the line’s inspiration: singer Jimmy Buffet. Mott’s will sample the mixes and distribute coupons at Buffet concerts in August and September. A retail-based sweeps supports through Oct. 1; four winners will receive a trip for two to a city with one of Buffet’s Margaritaville restaurants. Ryan Partnership, Westport, CT, handles.