The Long View: Bern to Run - The Death of the Billion Dollar Brand: European General Retail

研报英文原文证据摘录

The Long View: Bern to Run - The Death of the Billion Dollar Brand: European General Retail

10 July 2026

European General Retail

The Long View: Bern to Run - The Death of the Billion Dollar

Brand

The billion dollar brand is dying. Across consumer categories, the biggest brands William Woods

+44 20 7676 6806 are losing share to more nimble, niche challengers, who leverage the lower barriers to

william.woods@bernsteinsg.com entry and take advantage of the changed consumer preferences, brought about by three

decades of globalization and digitalization. However, the very source of these mega-brands’

Richard Trainor growth (globalization and digital) is now the source of their downfall by lowering costs,

+44 20 7762 1050

richard.trainor@bernsteinsg.com disrupting traditional distribution and marketing channels, and accelerating product cycles

& commoditizing innovation.

Alice Buckley

+44 20 7676 6739 The death of brands is nothing new. It is inherent in the boom and bust of the brand

alice.buckley@bernsteinsg.com lifecycle. However, larger brands have struggled more over the last 10 years - brands with

>$2.5bn sales have lost share around the world as they struggle to maintain relevance

Rhea Gudiwala vs. smaller brands (<$1bn) gaining share since 2016. From the fall of the Berlin Wall in +44 20 7676 7293

rhea.gudiwala@bernsteinsg.com 1990, many of these mega-brands have grown through three decades of globalization,

digitalization, and rising middle classes. Many of these mega-brands are now facing their

Specialist Sales downward trajectory as brand fatigue sets in, growth avenues stagnate and competition

increases. At the same time, consumers have begun to challenge the narrative sold by

Alix Turner

+44 20 7762 4044 brands.