KidzTube
Welcome
Login / Register

How A Vest Turned Patagonia Into A Billion-Dollar Brand

Thanks! Share it with your friends!

URL

You disliked this video. Thanks for the feedback!

Sorry, only registred users can create playlists.
URL


Channel: CNBC Make It
Categories: Economics   |   Social Science  
 Find Related Videos  added
50 Views

Description

The Patagonia Better Sweater Fleece Vest is by far one of the brands most popular products. Its also one of its most divisive. Over the last five years, the vest became a must-have accessory for Wall Street workers in Manhattans financial district to tech bros in Silicon Valley.

The company says at its height, it was fielding 60 requests for co branded vests, a day. But Patagonia, a private company that values environmental and political activism, never sought out to become the go-to status symbol for some of the biggest and richest corporations in the world.

The combination of hefty price tags and a professional-class of super fans earned it the nickname "Patagucci" prompting it to reevaluate which companies it allowed to put a moniker on the vest as a way to ensure their partners align with their progressive culture. Patagonia even discouraged consumers from partaking in Black Friday sales and snuck political messages into the tags of its clothing. Heres how Patagonias anti consumption philosophy helped it build a billion dollar outdoor brand.

Subscribe to CNBC Make It.: http://cnb.cx/2kxl2rf

About CNBC Make It.: CNBC Make It. is a new section of CNBC dedicated to making you smarter about managing your business, career, and money.

Connect with CNBC Make It. Online
Get the latest updates: https://www.cnbc.com/make-it
Find CNBC Make It. on Facebook: https://cnb.cx/LikeCNBCMakeIt
Find CNBC Make It. on Twitter: https://cnb.cx/FollowCNBCMakeIt
Find CNBC Make It. on Instagram: https://bit.ly/InstagramCNBCMakeIt

#CNBC
#CNBCMakeIt

How a $99 Vest Turned Patagonia into a Billion-Dollar Brand

Post your comment

Comments

Be the first to comment









RSS