Mar 28, 2012
One of a series by John Paulo Cardoso, Spyder Works Chief Creative Officer & Founder
There are no red flags with Kraft’s new name change. On Aug. 4, 2011, Kraft Foods Inc. (NYSE:KFT) announced plans to divide and create two independent public companies: a high-growth global snacks business and a high-margin North American grocery business. And now on March 21, 2012 they announced its plans for its snack food corporate name as Mondelez International, Inc.
As their press release describes it, “‘Mondelez’ (pronounced mohn-dah-LEEZ’) is a newly coined word that evokes the idea of “delicious world.” “Monde” derives from the Latin word for “world,” and “delez” is a fanciful expression of “delicious.” In addition, “International” captures the global nature of the business.”
What this demonstrates is that the company truly understands the strength of its brands and how they have built a relationship with customers. And now they are using this knowledge to manage the branding of its new independent company to leverage the platform “make today delicious.” The move to invent a new word and taking the time to let everyone know the phonetic spelling is the right thing to do for a multinational conglomerate rather than trying to leverage one of its current brand names. As the Chairman and CEO Irene Rosenfeld has said regarding the new global snacks company, “we wanted to find a new name that could serve as an umbrella for our iconic brands, reinforce the truly global nature of this business and build on our higher purpose – to ‘make today delicious.’ Mondelez perfectly captures the idea of a ‘delicious world’ and will serve as a solid foundation for the strong relationships.” Kraft Foods Inc. brands know how to build relationships with its customers and now it’s applying it to the market and investors.