Gen-Z, Millennial Opps: Bacardi launches Grey Goose product, campaign (Score 23)
Sales Lead: Capitalizing on a vodka martini craze, just launched a campaign for its new bottled ready-to-drink (RTD) brand.
- Made by creative AOR MullenLowe LA, the campaign will run through December across Conde Nast sites and Meta social media channels in 20 markets.
- The campaign also involves paid search efforts and print ads in publications such as "Wine Spectator."
- The brand will likely:
- Continue investing in experiential activations (more here)
- Pursue partnerships
- Return to higher spend
- Seek new agency partners
- Target demographic:
- Drinking-age (21+) Gen-Z and millennials
Additional spending insights:
- Broadcast insights (TV ad creative spend, effectiveness, impressions, and performance)
- YTD spend: So far this year, GG has spent approximately $4.6m on national TV commercials, only about half of the approximately $8.7m spent within the same 2022 timeframe.
- Last year: The brand spent around $15.7m on this channel in 2022 after having spent 4% less, around $15.1m, in 2021.
- 2023 ad programming: GG's 2022 commercials have targeted the male-skewed audience of shows such as NBA Basketball, The 65th Annual Grammy Awards, 2023 Roland-Garros Tennis, the 148th Preakness Stakes, and Countdown to the Oscars.
- Digital and social insights (digital ad spend, effectiveness, impressions, and performance)
- YTD spend: The brand has allocated roughly $1.8m toward digital ads YTD, up 38% from the roughly $1.3m allocated by this point last year.
- YTD data: Since the beginning of 2023, GG has earned ~228.7m digital impressions via Facebook (42%), Instagram (32%), YouTube (22%), desktop display (2%), and desktop video (2%) ads.
- Last year: In 2022, the brand's estimated full-year spend decreased by 16% to $6.1m from that of $7.3m in 2021.
- Additional channel insights
- GG utilizes Google Ads along with print, local broadcast, digital, OOH, Twitter, Instagram, Facebook, and online video (primarily via Youtube.com) ads.
- The brand holds planning conversations in Q1 and buying conversations in Q4.
Additional agency insights:
- Opportunity: If you haven't yet done so, reach out to parent company Bacardi to see if it conducts agency reviews anytime soon.
- Read our recent update on Bacardi here.
- Current agency roster (GG brand):
- MullenLowe: Creative AOR (April 2019)
- OMD: Media AOR
Insight Sources: Broadcast insights estimated by iSpot; digital spend insights estimated by Pathmatics; additional channel insights estimated by Vivvix.