General Motors, GMC, and FAO Schwarz Announce Exclusive Promotional Partnerships
15 October 1997
General Motors, GMC, and FAO Schwarz Announce Exclusive Promotional PartnershipsNEW YORK, Oct. 15 -- General Motors and FAO Schwarz jointly announced today a nine year agreement for General Motors to be the exclusive automotive promotional partner of FAO Schwarz. The 1998 GMC Envoy was also announced as the exclusive sport utility vehicle of FAO Schwarz. "There is a tremendous opportunity here on 5th Avenue to leverage some of the most powerful retail brands in the world and evolve GM's efforts to create strategic partnerships with other icon companies," said Phil Guarascio, General Motors vice president and general manager, marketing and advertising for North American Operations. "We have created similar alliances with brands like Sony, Disney and the WNBA, and we are excited to have FAO join this circle." The promotional partnership will ensure General Motors is the only automotive manufacturer that will have in store product displays or use actual vehicles in catalogs to promote automotive-related toys and replicas. In addition, FAO Schwarz and GM will investigate creating new toy products for concept and vintage GM vehicles as well as apparel items with the "GM on 5th" logo. "People of all ages love cars -- evidenced by how well our toy vehicles sell." said John Eyler, chairman and chief executive officer, FAO Schwarz, "This partnership strengthens our existing relationship with General Motors and gives us the opportunity to investigate marketing efforts that will have exciting results for our customers." Pontiac-GMC will be the primary GM division to jointly promote with FAO. This will include designating the new 1998 GMC Envoy brand as the "FAO Schwarz Official Big Kids' Toy" at all FAO Schwarz stores. A remote control version of the GMC Envoy will be sold in FAO Schwarz stores in late 1998. "A significant percentage of FAO Schwarz customers fits the profile of our compact sport utility buyer -- individuals who expect premium quality and service," said Roy Roberts, GM vice president, general manager, Pontiac-GMC. "Our link with FAO will provide effective, nontraditional promotions -- like the FAO holiday catalog -- to reach our prospective customers." In addition to GMC providing transportation needs for FAO Schwarz grand openings, the GMC Envoy will be on display at the Las Vegas, Orlando and Fifth Avenue FAO stores. Other benefits of this partnership include a GMC/FAO national sweepstakes, GMC product literature placed in FAO shopping bags and a link between the GMC and FAO internet sites. SOURCE General Motors Corporation