In the 1970s, Magnolia Dairy Products pretty much lorded
it over the Philippine ice cream market, but there were a few more players that
dared challenge the leader. Some of these included the 60s brand Silver Bell,
the scoop ice cream station Coney Island, and Selecta Ice Cream which was sold
in limited quantities in supermarkets.
Then, in 1975, Consolidated Food Corporation owned by the taipan John Gokongwei, ventured into ice cream production and
introduced PRESTO ICE CREAM, which, to Magnolia, loomed as a serious contender
to deal with. After all, Gokongwei had a history of aggressively marketing
its products that found favor in the Philippine marketplace.
Beginning in 1954, when he put up Universal Robina
Corporation which launched snack items like Jack ‘n Jill, candies like Nips,
Maxx, Dynamite, and noodles, like Nissin’s. Gokongwei wanted to diversify like
what multinational companies were doing, and so in 1961, he put up Consolidated Food Corporation which produced
two initial successes—Blend 45 and Great Taste Coffee, brands that at one point soundly beat Café
Puro and Nescafe,
CFC had used the brand name PRESTO earlier, in the
late1960s, for its chocolate snacks. Now it wanted to capitalize on that
already-familiar name by calling its newest ice cream product--PRESTO ICE CREAM. It was
directly aimed at Magnolia, but with a twist—it was significantly cheaper than
the ice cream leader. “Anything you’ve always wanted in an ice cream, for
less!”, the colored print ads bannered.
To Magnolia’s well-entrenched “Flavor of The Month”,
PRESTO responded with “Presto Flavorites for the Month”, and during special
times like the Christmas holidays, not
one, but two “flavorites” were launched.
PRESTO, too, had counterpart products for Magnolia’s
Frozen Delights—a line of ice cream novelties.
PRESTO Funwich—two chocolate cookies with ice cream in between-- attained
popularity in the late 1970s, and so did PRESTO Tivoli Ice Cream Choco Bars,
Funsticks, Heaven in a Bar and Calypso Cream Bars.
.
Made with the modern 'Fast-Freeze' Process, 1979 |
PRESTO ICE CREAM touted its modern “Fast-Freeze” process
of manufacturing ice cream. Fast-frozen ice cream means ice cream at the
peak-of-freshness. At its height, PRESTO
even lent its name to the Gokongwei-owned basketball team, that played in PBA
from the 70s thru the 90s –the PRESTO Ice Cream Makers.
WATCH 'PRESTO' 1980 TVC HERE
(Courtesy: View on the 3rd)
Despite the initial hoopla and the millions spent in
pushing the brand, PRESTO could not make significant inroads into Magnolia’s
turf. Magnolia countered with the price brand Sorbetes, but even then, by the
late 1980s, the rising cost of materials started to affect the local ice cream
industry. CFC stopped its PRESTO Ice Cream production altogether by the mid
1990s, as the ice cream landscape changed when RFM bought the Selecta brand and
turned it into a market leader, overtaking Magnolia by 1997, this, despite a joint
venture by Nestle.
Today, PRESTO still
exists in the URC porfolio—but only as a cream cookie brand, under the “Jack
and Jill” line. With its demise, PRESTO
Ice Cream joins other discontinued Gokongwei product ventures like Yahoo Juice
Drinks, Robina Chickens and Mark Electronics.
SOURCES:
Unilever website: https://www.unilever.com.ph/brands/our-brands/selecta.html
Universal Robina Corp. website:http://www2.urc.com.ph/
youtube, Presto ice Cream TVC 1980, published by John Castillo Soberano, My 7, 2017
youtube, Presto ice Cream TVC 1980, published by John Castillo Soberano, My 7, 2017
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