By the end of the year, the company says, all of its units in more than 65 companies will be known as Mars, with a few exceptions that it did not name.
"A single corporate brand name will consolidate and leverage the credibility and goodwill that Mars has earned world-wide through its famous product brands," said Mars Global President Paul S. Michaels in a news release. "By introducing a unified corporate brand name, we will reduce complexity, provide one point of reference and build greater awareness for our business."
A spokesperson said Mars is "centered on rolling out the name change" and couldn't say whether a campaign similar to AT&T's--when it branded its initials on Cingular--would take place. The company spent $323 million on advertising in 2006, according to Nielsen Monitor-Plus.
Most of that went to marketing its many products, including Milky Way, Mars and Snickers bars, M&Ms, Uncle Ben's Rice and Pedigree and Whiskas pet care products. Its global sales are about $21 billion annually.
A privately held company based in McLean, Va., Mars is notoriously mum--as was MARS Advertising, based in Southfield, Mich., which did not respond Friday to a call for comment on whether it expects to encounter any more confusion as a result of Masterfoods' decision.
advertisement
advertisement