The business wishes to expand its product offering. This particular instance of co-branding by Cocoa Berry involves Beriberi joining together with SFX, a sports goods firm, to launch a range of energy bars under the name Beriberi SFX.
Co-branding is a marketing tactic in which various brand identities are applied to a product or service as a result of a strategic partnership. Co-branding, often known as a brand partnership, includes a variety of branding alliances that generally involve the brands of at least two businesses.
Co-branding helps companies to develop or improve their brand by working with another reputable company. When two brands collaborate, credibility is established since one business is able to showcase and reflect the strengths of the other, strengthening its standing in the market.
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