Russian Standard Vodka: Strategies for Global Branding and Expansion into the US Market
Case Study
By CHEN Mengjie Marguerite
Summary
Given the success of Russian Standard Vodka in the Russian and European Market, following the global branding vision, expansion strategy for US market needs to be defined. This case study will provide in-depth analysis to focus on evaluating expansion strategies and offering market entry recommendations.
1. Russian Standard
1.1 Overview
Russian Standard was launched by Roust Holdings, a company driven by an unusual mix of quality orientation and Russian pride. In launching the Russian Standard brand, the ambition of Roustam Tariko, founder and main owner of Roust Holdings, was to set a new
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3) Use a customized approach to the US market be used to win the key market, regardless of the implications for the brand in other global markets.
The following analysis will give a profound basis for choosing the expansion strategy for Russian Standard Vodka.
3.2 Vodka Markets Analysis – Russian and US
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Based on the market analysis, we can find the substantial market potential in US market. US market is the biggest premium vodka market and super-premium is growing very fast, and there’s market niche for products with subtle distinctions in taste and heritage to join. The consumer group is more balanced and energetic in US including men and women and targeting young generation. The consumption was in groups and on-premise, which is a different business model from domestic market and a good opportunity for expansion.
3.3 Criteria for Global Branding Strategies
1) Intended brand meaning of the organization
It’s natural for Russia to enjoy such a renaissance in premium vodka production. Russian Standard Vodka is to assure Russia’s place as the birthplace of vodka and to be the world’s first premium Russian vodka made according to the standards of Mendeleev’s 1894 formula to reveal brand authenticity.
2) Fundamentals the firm plans to compete on
Russian Standard Vodka’s statement is very clear and loud: to be the number one Russian vodka in the world. The first fundamentals will be to keep the true Russian spirit.
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