One year ago, Kraft did something it hadn’t done in nearly a quarter
of a century: It launched a new brand that created a new category. A
year later MiO,
a liquid water enhancer whose name means “mine” in Italian, achieved an
impressive milestone when it reached $100 million in sales.
With its 2011 corporate revenue estimated at $54 billion and brands
in practically every aisle of the grocery store, Kraft is the largest
producer of branded, packaged food and beverages in America. So it’s
hard to believe that before MiO, the last new category Kraft created was
DiGiorno frozen pizza in 1995 and its last new beverage brand was
Crystal Light, launched in 1988.
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1 comment:
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