Julian Smith, brand strategist at Brian R Richards (BRR), whose client list includes Vogels, Earthwise, Synlait, IceBreaker and Orca.
For a hospitality food business, how possible is it to extend the brand to non-food areas?
It depends on the brand and how it has been constructed. If the brand has a strong story and identity (the design elements) it can leverage this into other categories. One of the opportunities with well put together brands is the ability to leverage into new categories extending the brand assets and thereby increasing shareholder value and equity. We have seen many successful brand extensions from food and hospitality into other areas.
When a restaurant puts out a recipe book, what benefits can come from it?
We are living in a new age of openness. Technology has pushed customers to demand more from brands and rethink the way we protect IP. When a restaurant puts out a cookbook it is giving away IP, but in many ways this is the new paradigm for growing customer networks and invites people to join in their brand story. So, if done well a brand extension to a recipe book that gives the reader interesting insights and ideas can be a tremendously powerful to drive new interest in the other expressions of the brand - the Pipi Cafes for example.