Celebrity Branding
The Olympics may be over, but the excitement is just beginning for the world of swimming. Thanks to world record-shattering performances in the pool, the Michael Phelps name is poised to become one of the most powerful brands in sports. Some say his equity is already strong enough to launch an entire company.
A big name can do a lot, giving personality and shape to an otherwise amorphous brand. Nike, who successfully partnered with Michael Jordan as both an endorser and eventually the namesake of the Air Jordan product line, has proven time and time again that brands can inherit the positive attributes of their spokespeople.
