The Minty-Fresh Way to Fail At Business
Written by Dan Lewis Article from Now I Know More than 200 years ago, a New York City man named William Colgate made a living making and selling soap and candles. Today, his name makes up half of that of a multi-billion dollar consumer goods corporation known as Colgate-Palmolive. They, basically, make three types of stuff: soaps (one being Palmolive itself) toothpaste and other oral care products (under the Colgate brand) and, perhaps surprisingly, pet food. In 1976, Colgate-Palmolive, via a series of mergers whose history isn’t worth going into, added the Hill’s Science Diet product line (and related ones) to their offerings. They decided not to re-brand the pet food under the Colgate brand because that would be, well, stupid. Who wants to feed their dog toothpaste-flavored kibble? Could you imagine pet food being included among these products?