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Business Daily

Business Daily meets: Hello Kitty

Nov 1, 2024
17:28
Snipd AI
Tomokuni Tsuji, the CEO of Sanrio and grandson of the founder, shares insights on Hello Kitty's remarkable journey to becoming a trillion yen icon. He discusses the brand's 50th anniversary, the challenges of counterfeits, and the importance of effective leadership. Tsuji highlights innovative marketing strategies and collaborations that have revitalized the brand, appealing to both dedicated collectors and newer generations. His focus on communication and adaptability has been key to maintaining Hello Kitty's relevance in a rapidly changing market.
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Podcast summary created with Snipd AI

Quick takeaways

  • Under Tomokuni Tsuji’s leadership, Sanrio transformed from struggling financially to becoming a trillion yen company by diversifying its character lineup.
  • The global marketing strategy for Hello Kitty emphasizes collaborations with popular brands and tailored local promotions to enhance relevance.

Deep dives

The Origins and Success of Hello Kitty

Hello Kitty was created in 1974 by Japanese artist Yuko Shimizu as a character called Unknown White Cat, quickly becoming a cultural staple in Japan and beyond. The character's appeal is rooted in the Japanese concept of kawaii, or cuteness, which has propelled it to international fame, generating an estimated $84.5 billion in merchandise sales, placing it among the world's highest-grossing media franchises. With a presence in 130 countries and a diverse range of products, Hello Kitty has transitioned from a simple cat-like figure to a global ambassador of pop culture. Today, Hello Kitty remains a beloved icon, celebrated not only by children but also by adult collectors, including notable enthusiasts like retired police officer Masao Gunji, who owns a collection of over 5,000 Hello Kitty items.

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