Olly (company)

Last updated
Olly
IndustryHealth
Founded2013 [1]
FounderEric Ryan, Brad Harrington
Headquarters
San Francisco
Key people
Brad Harrington (CEO)
ProductsVitamins, protein shakes
Owner Unilever (2019-present)
Website www.olly.com

Olly (stylized OLLY), also known as Olly Nutrition and Olly Public Benefit, is an American company and brand of vitamin supplements and other products.

Contents

History

In 2012, Olly founder Eric Ryan sold his Method company to Ecover. [2]

Olly was founded in 2013. Later, in 2014, Ryan worked with Target on a program that emphasized eco-friendly products. He had trouble selecting a brand for the health & wellness category. [2] Ryan stated that he "couldn't find a worse aisle than the nutritional supplement aisle," calling it "dated and filled with uninspiring brands and mediocre product." [3] Ryan and Harrington both recall being in a store in Boulder, Colorado, where "strangers would just come up to [them] and ask how many milligrams of zinc they should take." [2] [4] Afterwards, the two began brainstorming on an idea for a vitamin company with the aim to "simplify" them and make its focus on "end benefit versus the individual ingredients." [4] Additionally, the brand caters to the millennial cohort. [3] [4] [5]

After meeting with Target executives, Ryan and Olly co-founder Brad Harrington began work on the vitamin company. [2] In April 2015, Olly debuted their first 20 products in Target stores. [2] In its first year operating, the company broke even in its first year. [2] Olly products were sold at Target exclusively in its first year. [2] [4] Instead of focusing on their Olly.com website, the brand "enthusiastically embraced brick-and-mortar retailers as its main selling channel," and would come to be sold at other stores like GNC, CVS, and Albertson's, among others. [2] [4] Unilever acquired Olly in 2019. [6]

In 2021, Olly's headquarters in San Francisco won a San Francisco Design Week award in the Interior Design category. [7]

Manufacturing and packaging

Since Olly is focused on providing "ostensible benefits" rather than ingredients, their products combine supplements instead of selling them individually. [3]

Ryan sought a brand that would be user-friendly for the consumers; rather than using "typical round jars" or pills, Ryan employed square containers and gummy vitamins. [2] [8] While most of the vitamins come in gummy form, some products are sold as softgels. [3] "Olly" was chosen as the name of the company as it was neither "pharma-sounding" or "folksy." [2] The packaging of the vitamins was also made to be bright and feature a smiley face on the O in Olly. [9] With focus set to a vitamin's benefits, Olly would emphasize "Restful Sleep" on its packaging, instead of labeling melatonin vitamins as such, for example. [9] Olly vitamins also include higher amounts sugar (up to 4 grams) than other vitamin brands, with Harrington stating, "It's kind of the price you have to pay to make people stay with it every day." [3] [4]

Olly's products are primarily made in Indiana, as well as at some Florida-based facilities. [4]

Reception and sales

In 2016, Harrington stated that 80% of Olly's customers are women, with their women's multivitamin being the company's second-best-selling product. [4] Olly's sleep product is the company's best-selling, as well as Target's best-selling in that respective category. [4] By 2018, Olly was exceeding $100 million annual revenue. [10]

Celebrity hair stylist Christian Wood has mentioned Olly as a "popular option" for hair supplements. [11]

Ryan has been described as a "disruptor" of the vitamins market by media outlets. [2] [10] Harrington has concurred, stating "[Ryan] has spent a lot of time in mass merchants like Target, looking at different categories that might be ripe for disruption." [4]

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References

  1. ↑ "OLLY PBC: About". LinkedIn . Retrieved September 22, 2022.
  2. 1 2 3 4 5 6 7 8 9 10 11 Caminiti, Susan (October 13, 2017). "How Method's Eric Ryan is disrupting the vitamin market one gummy at a time". CNBC . Retrieved January 2, 2019.
  3. 1 2 3 4 5 Lanks, Belinda (April 2, 2015). "A New Brand of Supplements Goes After Millennials". Bloomberg News . Retrieved September 22, 2022.
  4. 1 2 3 4 5 6 7 8 9 10 Loizos, Connie (June 8, 2016). "Olly has built a breakout brand in a crowded space: Here's how". TechCrunch . Retrieved January 2, 2019.
  5. ↑ Hou, Kathleen (June 8, 2015). "Can Gummy Candy Make You More Beautiful?". The Cut . Retrieved January 2, 2019.
  6. ↑ "Unilever completes acquisition of OLLY Nutrition". Unilever. May 21, 2019. Retrieved September 4, 2023.
  7. ↑ "San Francisco Design Week Awards". San Francisco Design Week. 11 June 2021. Retrieved September 22, 2022.
  8. ↑ Feiereisen, Sharon. "Strangest Health and Fitness Trends of 2018". AskMen . Retrieved January 2, 2019.
  9. 1 2 Dunn, Jancee (October 2, 2018). "Pretty Pills: How Beauty Supplements Changed the Way We View Wellness". Allure . Retrieved January 2, 2019.
  10. 1 2 Earle, Paul (April 30, 2018). "Olly, How To Create A Winning Brand, And The Pixies". Forbes . Retrieved January 2, 2019.
  11. ↑ Rodulfo, Kristina (October 11, 2018). "5 Steps for Repairing Damaged Strands, According to a Celebrity Hair Stylist". Elle . Retrieved January 2, 2019.
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