|
Alum’s New Brand On Fire
John
Bello, founder of SoBe beverages and a 1968 Tufts graduate, is
getting a warm reception to his new line of firefighter-themed
food products.
Norwalk,
Conn. [10.22.04] In the post-9/11 world,
firefighters have become cultural icons of heroism and sacrifice
whose images are increasingly being translated to the commercial
sphere. That includes a soon-to-be nationally distributed line
of chips and soft drinks run by Tufts graduate John Bello –
an entrepreneur with a long track record of building trend-setting
brands.
“Firemen
are real-life heroes with working-class values,” Bello told
USA Today, describing the inspiration behind the company.
Bello and
co-CEO Bruce Burke are staking millions on the hope that consumers
will whet their appetite for firefighter imagery with his new
brand of snacks and drinks.
“[The
pair] have plans to take Firefighter Brand nationwide within the
next year and post annual sales of $500 million within five years,”
reported USA Today. A Florida rollout began in early October,
according to the company.
Among the
products: potato chips, soda and bottled water called Hydrant
Water. The soft drinks sport catchy names like “Incendiary
Citrus” and “Courageous Cola.”
The company
began as a regional brand started in 1993 by a retired Tennessee
fireman and an Indiana bottler, the company said in a press release.
Bello – who has a long track record of success building
popular and profitable brands including SoBe beverages and NFL
properties – came on board in 2003.
The firefighter-themed
brand hits stores on the heels of a recent surge in firefighter-related
projects, including the recently-released movie Ladder 49
and the acclaimed FX television show Rescue Me.
But the company
is making it clear that it does not intend to exploit the interest
in firefighters – Bello has promised 25 percent of Firefighter
Brand’s net profit will be donated to firefighter-related
charities. The company says it is committed to donating up to
$1 million to firefighter-related charitable organizations before
turning a profit.
"Our
goal is to change the way business, civic organizations and communities
come together to create real value,” Bello said in a press
release. “Consumers will find the brand and its way of doing
business to be a refreshing alternative to corporate greed and
an endless assault by marketers on American values."
Bello made
a name for himself when he founded SoBe – which stands for
South Beach Beverage – in 1995, essentially creating the
“health refreshment” drink market.
The line of
non-carbonated beverages – distinguished by its double-lizard
logo evoking Bello’s nickname of “The Lizard King”
– attained great success. Bello’s company was worth
$250 million in 2000.
In 2001, Bello
sold SoBe to Pepsi for $370 million. That year, he was also named
Entrepreneur of the Year in the retail industry by Ernst &
Young.
In a statement
Bello made upon receiving that honor, the mindset that drives
his involvement with Firefighter Brand is evident.
"Consumers
are a lot more sophisticated than many believe," Bello said.
|