Wall Street Embraces Celebrity Star Power to Drive Business

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Jennifer Aniston, darling of television and film, has done similar things for Johnson & Johnson (NYSE: JNJ) and The Coca-Cola Company, serving as a spokesperson for their Aveeno lotion and Glaceau smartwater products, respectively. She landed the Aveeno gig in 2013, and Aniston, who has lent her famous face to smartwater ads in the past, was featured again in an ad campaign for the enhanced water beverage in spring 2017-reportedly a move on Coca-Cola's part to keep its smartwater brand in the bestselling position among premium-priced bottled water brands.

Another celebrity endorsement success story relates to Diageo PLC (NYSE: DEO), an alcoholic beverage company that struck a deal with Forbes' 2017 top ranking highest-paid celebrity, Sean "Diddy" Combs, relating to Diageo's Ciroc vodka line. Combs inked a 50/50 joint venture agreement with Diageo in 2007 and took the company's 50,000-cases-per-year vodka brand to annual sales of almost two million cases as of 2014, at which time Combs signed a new beverage deal with Diageo to purchase its DeLeón tequila brand.[2] Incidentally, Diageo's stock has climbed from $91.75 in November 2007 (shortly after the original deal with Combs was signed) to $132.18 as of September 25, 2017.

For businesses in today's marketplace, few things can bring big results like a strategically placed celebrity endorsement. The mentioned companies have been very savvy in partnering with celebs to put their products in the public spotlight-a move that leaves an indelible impression on consumers and helps effectively build brand awareness and loyalty.

(1): CNN Money: http://nnw.fm/3N0kS

(2): Forbes: http://nnw.fm/Jv41s

For more information on LottoGopher, visit: LottoGopher Holdings, Inc. (OTCQB: LTTGF) (CSE: LOTO) (FRA: 2LG)

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