News 09.05.2023

Need to Know

Magnum ice cream’s anti-metaverse campaign, Goldman Sachs invests £1.6bn in Black women-owned businesses and why Gen Z are not that vegan.

Magnum anti-metaverse campaign promotes pleasures of real life

#NotAvailableInTheMetaverse by Magnum, UK

Global – Magnum, the popular Belgian ice cream brand that introduced the first premium hand-held ice cream for adults in 1989, has launched an anti-metaverse campaign. The campaign includes a short film featuring a virtual character who is offered a Magnum ice cream in a digital world but cannot eat it, concluding with the message that ‘pleasure is not available in the metaverse’.

The ice cream brand has hit a cultural nerve, tapping into anti-digital sentiment as consumers attempt to balance online and offline activities as technology advances and our lives become increasingly phygital.

As part of the campaign and Magnum’s broader mission, the company partnered with mental wellbeing neuroscientist Dr Jack Lewis to develop a 20-point guide for enjoying pleasure both online and offline. The Magnum Pleasure Guide includes tips on taking breaks from screens, limiting social media use and avoiding binge-watching tv.

In our Anti-provocation Platforms analysis, we observe exactly what Magnum’s campaign is highlighting; that consumers are burnt out on negativity in digital spaces. For them to trust new technologies, they want businesses and brands to show them they can be used healthily.

Strategic opportunity

In our report on The Betterverse, we look at the metaverse’s potential as a healthier digital space, helping consumers connect and express themselves. When designing for it, businesses and brands must bring to the fore values of inspiration, joy and connection

Luxury book publisher Assouline launches new travel-inspired candle collection

Travel From Home collection by Assouline, US Travel From Home collection by Assouline, US
Travel From Home collection by Assouline, US Travel From Home collection by Assouline, US

France – Luxury book publisher Assouline is expanding further into the home and moving beyond its famous, limited-edition, colourful books with the launch of an interior decor line. Best known for its beautifully designed and crafted coffee table books, Assouline’s first product in this new range is a collection of travel-inspired candles.

Inspired by its best-selling travel series, each candle pays homage to one of six beloved destinations: Mykonos, Tulum, Marrakech, Ibiza, Gstaad and finally, the Moon. The scents, perfumed by Jérôme Epinette, are designed to recreate the essence of these destinations and transport the consumer into these getaway worlds – including the unexpected terrain of the Moon.

The body and packaging of the candle are recognisably Assouline as they play on the books’ aesthetic. ‘As a graphic company, the packaging is everything to us,’ Alex Assouline, the brand’s chief of operations, brand and strategy, told Bazaar.com. In our Future of Bookshops market piece, we explored how the book economy continues to grow along with the various strategies shops and publishers undertake to re-invent themselves. Assouline’s move into the interiors sector attests to the innovation needed to remain relevant while the book market explores new horizons.

Strategic opportunity

Assouline’s interior decor line taps into book publishers’ willingness to re-invent themselves, consumers’ trust in the legacy brand and their desire to uplift their living spaces and dream of their next travel destination at the same time

Goldman Sachs invests £1.6bn in female Black-owned businesses in the US

US – The Goldman Sachs Group unveiled the first results of its One Million Black Women initiative in April 2023 and has officially deployed £1.6bn ($2.1bn, €1.9bn) in investment capital and over £18m ($23m, €21m) in philanthropic capital to 137 organisations in the US run by Afro-American women.

The Wall Street titan’s research on Black Womenomics previously revealed that reducing the pay gap between Black women and white men could raise US annual GDP by as much as 2.1% and create up to 1.7m jobs. In addition, more Black women in the US are in the process of starting a new business (17%) than white women (10%) and white men (15%), according to Harvard Business Review.

‘When a Black woman entrepreneur is able to grow her business, she employs Black people in the community, she’s a leader in that community, she mentors individuals in that community,’ Asahi Pompey, president of the Goldman Sachs Foundation, told CNBC.

In Yassified Marketing, we previously looked at how businesses seeking cultural relevance, including giants like Goldman Sachs, should put Black women in charge of the whole narrative from start to finish to avoid the misogynoir and appropriation trap.

Photography by Alexander Suhorucov, UAE

Strategic opportunity

Find inspiration in the rise of small, local yet digital-first businesses opened en masse by Afro-American women who know how to turn their community into customers. Study how they channel local WhatsApp groups, collaborate with their peers and are resilient in a country riddled with racial prejudice

Stat: The majority of American Gen Z and Millennials aren’t vegan

Future Farm is creating plant-based protein that captures the taste and texture of real meat, Brazil
Future Farm is creating plant-based protein that captures the taste and texture of real meat, Brazil

US – Despite Gen Z’s reputation as an eco-conscious generation, a recent study by US market research firm YPulse suggests that they are not as interested in plant-based diets as Millennials.

When asked which labels describe their current diet, ‘unrestricted’ was the most popular answer among American Gen Z, at 63%, while only 5% follow a vegan or plant-based diet. Among Millennials, 8% define themselves as vegan or plant-based eaters. Only 10% of young people describe their diet as vegetarian, 7% as vegan or plant-based and 6% as pescatarian (no meat besides fish).

While fewer than two in 10 young people say they regularly eat or drink plant-based products, 28% of them are interested in them.

But, as we highlighted in The Zalpha Reckoning, young people prioritise eco-consciousness. This remains true with food, as 63% of Millennials and Gen Z agree it is 'very or extremely important' for food products to be eco-friendly. But food brands should note that sustainable options do not necessarily have to be meat-free for young people.

Strategic opportunity

As Gen Z mature, they will seek out businesses and brands that can assist them in reconciling their desires with their values. Think about developing products that enable them to uphold their strong sustainability principles while still expressing their preferences

Previous News Articles
Brazil pilots world-first data wallet to let citizens profit from digital footprint

News

Brazil pilots world-first data wallet to let citizens profit from digital footprint

Brazil is launching a groundbreaking pilot that could transform personal data into a national asset. The dWallet initiative means that citizens can...
Technology : Data : FinTech
Stat: Gen Z is prioritising climate-conscious careers

News

Stat: Gen Z is prioritising climate-conscious careers

A new survey by Capgemini and UNICEF reveals the extent to which climate concerns are shaping young people’s career ambitions.
Nature : Work : Sustainability
Viva Technology 2025: AI client relationships, algorithmic dating futures and the new creator economy

News

Viva Technology 2025: AI client relationships, algorithmic dating futures and the new creator economy

On day three of Viva Technology in Paris, brand leaders gathered at the CMO Summit to explore how human insight and intelligent technology are resh...
Technology : Global Events : Viva Tech 2025
Viva Technology 2025: Personalised agency, circular retail and regulatory momentum

News

Viva Technology 2025: Personalised agency, circular retail and regulatory momentum

On day two of Viva Technology in Paris, the spotlight turned to the potential of personalised health data and the policies driving circular innovat...
Technology : Global Events : Viva Tech 2025
Foresight Friday: Alice Crossley, senior foresight analyst

News

Foresight Friday: Alice Crossley, senior foresight analyst

Every Friday, we offer an end-of-week wrap-up of the topics, issues, ideas and virals we’re all talking about. This week, senior foresight ana...
Foresight Friday : Time : Friction
Stat: Beauty industry faces slower growth amid shifting consumer landscape

News

Stat: Beauty industry faces slower growth amid shifting consumer landscape

The global beauty industry, valued at £325bn ($441bn, €382bn), is entering a period of slower growth and is projected to expand by 5% annually unti...
Beauty : Luxury : Economy
Viva Technology 2025: AI in healthcare, building resilient cities and phygital fashion experiences

News

Viva Technology 2025: AI in healthcare, building resilient cities and phygital fashion experiences

As Viva Technology 2025 opened in Paris, speakers explored how technology can be used to address and help solve global challenges in healthcare, tr...
Technology : Global Events : Viva Tech 2025
TikTok creator Brandon Edelman re-imagines brand trips with Bran Trip

News

TikTok creator Brandon Edelman re-imagines brand trips with Bran Trip

TikTok creator Brandon Edelman (@bran_flakezz) has launched the first-ever Bran Trip – a fan-focused spin on the traditional influencer brand trip.
Pop Culture : Brand Trips : Influencer Culture
Stat: Young travellers prioritise the journey as much as the destination

News

Stat: Young travellers prioritise the journey as much as the destination

Nearly three-quarters (70%) of Millennials and Gen Z say they prefer to plan trips that focus on enjoying the journey as much as the destination, o...
Travel : Travel & Hospitality : Gen Z
Mud is rewilding the pet grooming industry

News

Mud is rewilding the pet grooming industry

London-based start-up Mud™ is making a clean break from the polished pet aesthetic dominating the market.
Society : Design : Pets
You have 2 free News articles remaining. Sign up to LS:N Global to get unlimited access to all articles.
BECOME A MEMBER
SIGN IN