Tuesday, April 29
Taco Bell Goes Premium
The question is ... can a brand expand beyond the level it's known for and build a business?
In this case I'm not sure that's the point.
With a new brand name (US Taco) and a heritage of food prep (Taco Bell, KFC, Pizza Hut), the pieces may be in place. The bigger issue for me is whether there is a market for it and is the company willing to invest the marketing it needs to launch a new brand. It's less of an extension of Taco Bell and more the launch of a new concept.
So instead of competing with Taco Bell per se, or the other fast food chains, it'll compete more with the other more formal yet quick options like say Olive Garden or even Chipolte. It'll be interesting to see if the parent company (Yum Brands) can make it in this space ... and if they really bring something unique, special and premium, regardless of the tie to Taco Bell.
What's your experience? JIM.