Reference no: EM132209498
Larry Delvecchio opened Lovoy’s Italian Restaurant in the 1960s in a small, nondescript location on the edge of a working-class suburb. Over half a century later, Lovoy’s still thrives as an affordable, tasty weeknight destination for families and, on the weekends, a romantic (but basic) date spot. Larry’s son Tommy, who ran the restaurant after Larry’s retirement, is about to retire. Alfie, Larry’s grandson, will be taking his place as the third generation Delvecchio to run Lovoy’s. Having worked in a fine restaurant in the city’s downtown area, Alfie has big plans for taking Lovoy’s in different a direction. He wants the food that customers have loved for decades to remain the same, but he wants to rebrand every other aspect of the restaurant, starting with its location.
1) How will Alfie Delvecchio develop a new brand for Lovoy’s?
2) In addition to answering the above question, answer one of the following:
a) How can Lovoy’s reposition itself effectively in the market?
b) Lovoy’s is moving downtown, where there are many fine restaurants with which it must compete.
c) How can it differentiate itself?
d) How can Lovoy’s increase its already strong brand loyalty through segmentation?