What are some examples of brand innovation and extension failures and what can we learn from them?
Brand innovation and extension are strategies that aim to leverage the existing equity of a brand to create new products, services, or markets. However, not all brand innovations and extensions are successful. In fact, some of them can backfire and damage the brand reputation, confuse the customers, or fail to deliver on the brand promise. In this article, we will look at some examples of brand innovation and extension failures and what we can learn from them.