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Avis Drops Iconic 'We Try Harder' Tagline After 50 Years

So is Avis still No. 2? According to Auto Rental News, in 2011 it was No. 3 behind Enterprise Holdings (Alamo, Enterprise, National) with 920,861 cars in service and Hertz with 320,000. Avis, the publication said, had 285,000 cars in service last year.

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New Campaign Repositions Car-Rental Firm to Appeal to Busy Businessfolk

The tagline was penned by DDB copywriter Paula Green and was actually rooted in the response that Bill Bernbach, the co-founder of DDB, helped elicit from company management when asking why anyone ever rents a car from them. “We Try Harder” then became a promise that Avis was making to consumers about the quality of its service, as well as a way to elevate the brand’s status despite being the second-largest car rental company behind Hertz.

It was a huge success for Avis. In a matter of a single year, that campaign reversed the company’s fortunes, helping it to go from losing $3.2 million to turning a profit of $1.2 million for the first time in 13 years.

In a period when taglines and brand positioning typically come and go every few years, the endurance of the “We Try Harder” motto was unique. Its disappearance is a sign of Avis’ CMO, Jeannine Haas, putting her stamp on the company. She’s been there just over a year, after spending several years at American Express and before that, Ford Motor Co.

Asked why Avis is moving away from its longtime positioning, Ms. Haas told Ad Age: “Consumer-centric brands must always evolve in order to keep pace with ever-changing customer needs and preferences.” She added that “Avis is evolving as a premium brand to better meet those needs.” The new tagline, she said, is “reflective of [Avis’] ongoing mission to be a customer-led, service-driven company, and presents the brand in terms of the customer experience and the advantages inherent in renting from Avis.”

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http://adage.com/article/news/50-years-avis-drops-iconic-harder-tagline/236887/?utm_source=cmo_strategy&utm_medium=newsletter&utm_campaign=adage

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John Mahfood “I Listed on the JSE to Raise Capital for My Business”

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JSE Online Trading Platform

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Grace Stockholders To Vote On 3-for-1 Stock Split Today

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Shareholders of GraceKennedy Limited will this morning meet to consider and, if thought fit, approve a recommendation for a three-for-one stock split.

If approved, shareholders will receive three stocks for each one that is currently held.

According to group CEO Don Wehby, the stock units with a market price of J$115.00 per stock unit prior to the split will now increase threefold with an initial price of J$38.33 per stock unit

He says the stock split would allow GK’s stock to be made available to more investors while further enhancing the market for the shares.

Ahead of this morning’s Extraordinary General Meeting, GK last week issued 59,360 additional GK shares.

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UK Loses S&P Triple A Rating

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The UK has lost its top AAA credit rating from ratings agency S&P following the country’s vote to leave the EU.

S&P says the referendum result could lead to “a deterioration of the UK’s economic performance, including its large financial services sector”.

Earlier the pound plunged to a 31-year low against the dollar, and UK markets closed lower for a second day. On Friday,

Moody’s cut the UK’s credit rating outlook to negative.

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Caribbean Hotels Named In Jetsetters’ 2016 Best Of The Best

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Three Caribbean hotels have been named in US-based travel and lifestyle magazine Jetsetter’s 2016 Best of the Best awards.

The list which was published recently, highlighted the world’s 20 best hotels in categories ranging from Best Over-The-Top Luxury to Best Safari Lodge.

Included in the list were Antigua and Barbuda’s Barbuda Belle Luxury Beach Hotel, Anguilla’s Zemi Beach House Resort & Spa, and St Lucia’s BodyHoliday.

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