Maria Sharapova is venturing into the candy business something she knows all about… In her other partnerships she simply lends her image and name help push the products forward, but with her candy company she plans on being very hands on. ESPN did this review on Sharapova’s new venture below, check it out:
Sharapova said the development, from concept to launch, has taken 18 months. ”It’s like I’ve been pregnant twice,” Sharapova said jokingly.
On Monday, the tennis star stood in front of 12 varieties of Sugarpova candy at the new retail store of her partner It’Sugar, a candy company that has 40 locations around the world.
“I’ve seen enough of all these athletes endorsing the latest energy drink or organic health product,” said CEO Jeff Rubin, who calls himself the Chief Gummy Officer of It’Sugar. “We all know that everyone, including athletes, love candy, so what’s wrong with endorsing what we all eat?”
Sharapova’s agent, Max Eisenbud, said this was just another step in diversifying her brand. ”We looked at a lot of things over the last 18 months that she can focus on in her life after tennis,” said Eisenbud. “We met with Jeff and found that candy was different, fun and unexpected.”
Like anything Eisenbud has done with Sharapova, market research was essential. ”We found out that the gummy category specifically had no real name recognition and that something like 400 million bags were sold in the U.K. alone,” Eisenbud said.
Eisenbud hired Dentsu America, which worked with Sharapova on her Canon commercials. Dentsu took the idea away from tennis and more along the lines of Sharapova as a sex symbol and fashion icon. The logo includes a pair of lips, and there are gummies in the shape of dress shoes.
“Making it too much about tennis was predictable,” Eisenbud said. “She’s so much bigger than that.” Sharapova does have one thing going for her: Margins on candy are pretty spectacular.
“Candy might not be healthy, but the industry sure is,” said Rubin.