Kraft's Planters Heads for the Peanut Butter Aisle
Mr. Peanut has a stunt double. Sporting a goatee, aviator sunglasses, and outsize confidence, “Doug” performs death-defying feats deemed too dangerous for the venerable peanut pitchman. Unfortunately, Doug’s exploits always end the same way: with him getting crushed and turned into peanut butter. Marketers at Kraft Foods hope Doug’s misadventures will whet consumer appetites for the company’s entry into the crowded U.S. peanut butter market. In what may be the most overdue brand extension in history, Kraft is using the 100-year-old Planters name to speed growth of its mature grocery business. Since supermarket shelves are already crowded with brands such as market leader Jif, made by J.M. Smucker, Unilever’s Skippy, and ConAgra Foods’ Peter Pan, as well as private-label peanut butters, the move carries risks. “They might have a long road ahead to establish themselves,” says ConAgra Chief Executive Officer Gary Rodkin. “We’ll continue to make it a sticky business for them.”
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