Red Bull Case Study

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Investigation Into The Marketing of Red Bull. The History of Red Bull. Red Bull is one of the most successful energy drink companies in the world. Twenty-five years ago Red Bull was the first of its kind and started a new kind of product, the ‘energy drink’. Dietrich Mateschitz founded Red Bull in the mid 1980's, inspired by ingredients in drinks from the Far East. At first the drink was not as successful as was hoped, however, the marketing strategy developed by Mateschitz resulted in the product becoming well known. From that Red Bull has grown over the past 25 years and is now sold in more than 165 countries. In 1987 when the company was first brought out to sale it was exclusive to Austria. However by 1992 the company was already making plans to expand the product globally and by 1997 the product had been distributed to numerous countries including the United States. Before the turn of the Century in 1999 over 300 million drinks had been sold worldwide and the product was available in more than 50 countries. In the new century Red Bull moved to the southern hemisphere and had estimated sales of more than $1.32 Billion per annum. At this stage Red Bull was limited to its generic Red Bull drink but in 2003 the company was making changes by introducing a sugar free version and in 2007 establishing the Red Bull Media House. For a large part of Red Bulls history the generic can with options of sugar, or sugar free were the only products available from Red Bull. Since then the company has introduced new sizes and flavours including: Red Bull Cola Red Bull Energy Shots Red Bull Total Zero The latest installment is the Red Bull Additions (Lime, Cranberry and Blueberries.) The Red Bull Media House has resulted in Red Bull being known for much more than just its energy drink but also for the energetic lifestyle it promotes. Red Bull has achieved this

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