Victoria's Secret Waved Farewell to Its Angels. Was It a Mistake?
Building up your brand takes years, which is why Victoria's Secret's marketing decision to shelve its Angels was a shock.
Since its inception, Victoria's Secret was the standard-bearer when it came to lingerie. That’s why it came as such a shock to learn that it had decided to say goodbye to its Angels, a stable in its marketing strategy for the past 25 years. Will it prove to be a devastating marketing mistake, or will it be a stroke of genius?
To answer that question, let’s take a quick look at Coca-Cola. Coca-Cola lost $4 billion when Ronaldo moved two Coke bottles off to the side of his table at a news conference for the European Championship. This was on the back of the company's anti-racism training in which it asked employees to “try to be less white.”
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