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Background:
Brand collaborations were once rare, highly anticipated events that generated significant buzz. But as they have become more frequent, the challenge lies in creating partnerships that genuinely resonate with consumers and cut through the noise.
This week, executive editor Brian Baskin and senior correspondent Sheena Butler-Young sit down with BoF correspondent Lei Takanashi and editorial fellow Julia Lebossé to explore the state of brand collaborations, what makes them succeed or fail, and where theyâre headed next.
To work, collaborations need to feel authentic. For brands, âletting their collaborators take the wheel and just do what they want to do is really key,â says Takanashi. âWhen brands collaborate successfully, itâs often because they give creative freedom to the collaborator, allowing them to use the materials they want and tell a story that feels true to their audience,â adds Lebossé.
Key Insights:
- Poorly thought-out collaborations often fail to connect with audiences and just wonât cut it anymore. âWhen itâs done lazily, consumers can tell,â explains Lebossé. âWeâre becoming much smarter, really looking into brands and what theyâre doing and what makes sense ⦠Thatâs why brands really have to step up in terms of what theyâre doing.â
- Itâs not just big brands that can make waves with collaborations. Lebossé pointed to a sneaker collaboration between Bimma Williams and Saucony as an example where a smaller brand excelled. âTheyâre showing that, hey, we can do innovation,â explains Lebossé.
- Brands are finding even greater value in creating physical experiences around collaborations. Takanashi points to the Corteiz x Nike collaboration, where prospective buyers participated in scavenger hunts to buy the shoes. âIf someone told me that kids would be lining up to buy Huaraches in 2025, I would not believe them at all,â he says. âBut thatâs the thing. This brand got kids waiting for hours in the freezing cold to buy their sneakers. Itâs really that IRL experience that consumers are looking for when it comes to releases these days.â