Endorsements

L’Oreal announced a new addition to their roster of celebrity endorsers this week, signing actress Julianna Margulies as a new ambassador and celebrity face for the brand. Ms. Margulies currently stars in the critically acclaimed TV series “The Good Wife,” for which she won a Golden Globe and SAG award for her portrayal of a loyal yetbetrayed wife of a politician. 

This weekend, if the papers are to be believed, we might see the first British men’s finalist at Wimbledon for more than 70 years. I am not convinced that Andy Murray will make it to an apparently inevitable final against Federer on Sunday, but, irrespective of his performance on the courts this week, the bigger marketing question relates to the potential appeal of ‘Brand Murray’.

Open the big book of celebrity endorsement scandals, it’s time to make another entry. Swimming star Michael Phelps was just having a bit of fun last November while visiting his girlfriend at the University of South Carolina when, along with all the shots and beer he consumed at a house party that weekend, he also had a toke on a bong that was being freely passed around.

In a recent post I raised the issue of people and brands licensing their names. My general conclusion was that for the most part, it’s a waste of money and could be a problem for the brand itself.

Celebrity endorsements remain a popular tool for marketers. But too many times brands use the wrong celebrities.