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Is It Time for a Rebrand? Signs Legacy Companies Should Evolve

By Maria Cate

April 17, 2023

Key takeaways from this article:
  • An outdated brand can create the perception that your company is out of touch or resistant to innovation
  • If your brand no longer reflects what you do or speaks to your customers, it’s time to reinvent it
  • A rebrand can signal a new, focused, future-oriented era for your company
  • Consumers care about values; a rebrand that reflects your principles can deepen trust

Even the most established legacy companies aren’t immune to the need for change. While a strong brand can stand the test of time, the business landscape is constantly evolving—and so are customer expectations. For a legacy company, rebranding isn’t just about refreshing a logo or tweaking colors; it’s about staying relevant, resonating with new audiences, and aligning with the future.

 

But how do you know it’s time to consider a rebrand? Here are the key signs and insights to guide your decision.

1. Your Brand Feels Outdated

Even the most established legacy companies aren’t immune to the need for change. While a strong brand can stand the test of time, the business landscape is constantly evolving—and so are customer expectations. For a legacy company, rebranding isn’t just about refreshing a logo or tweaking colors; it’s about staying relevant, resonating with new audiences, and aligning with the future.

 

But how do you know it’s time to consider a rebrand? Here are the key signs and insights to guide your decision.

Signs Your Brand is Behind the Times

  • Your logo or visuals look stuck in a past era.
  • Your messaging or tone no longer resonates with modern audiences.
  • Your competitors have fresher, more dynamic branding that makes yours feel stale.
  • You’re not proud or excited about the way your brand is perceived and don’t think it’s doing you any favors.

“Brand is what people remember about you when you’re not in the room”

Why It Matters

In today’s fast-moving world, an outdated brand can create the perception that your company is out of touch or resistant to innovation. A rebrand can signal growth and modernization, helping you attract both loyal customers and new ones. It’s also a great opportunity to bring your story to life & narrate the evolution of where you came from and where you’re going.

2. Your Audience Has Changed

Legacy companies often start with a specific audience in mind. Over time, that audience might evolve, or new target markets may emerge.

Signs of a Shift

  • Your current customers are in a different demographic than when you started.
  • You’re expanding into new markets or geographies.
  • Younger audiences or emerging customer segments don’t connect with your current branding.

Why It Matters

If your brand doesn’t resonate with the people you’re trying to reach, you risk losing relevance. A rebrand allows you to redefine who you are in a way that aligns with your audience’s values, preferences, and needs.

3. Your Offerings Have Evolved

For legacy companies, growth often brings diversification—new products, services, or even industries. If your brand no longer reflects what you do, it’s time to rethink it.

Signs You’ve Outgrown Your Brand

  • Your name or visuals are tied to a specific product or service you no longer prioritize.
  • Your offerings have expanded beyond the scope of your original branding.
  • Your branding doesn’t communicate the full breadth of your value.
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Why It Matters

When your brand doesn’t align with your current business, it can create confusion for customers and dilute your message. A rebrand can unify your identity and ensure every element of your brand tells the same story.

4. You’ve Gone Through a Major Shift

Legacy companies often face pivotal moments—mergers, leadership changes, or restructuring—that call for a fresh start.

Moments That Warrant a Rebrand

  • A merger or acquisition has created a new entity or expanded your scope.
  • Leadership changes have brought a new vision or direction.
  • You’re entering a competitive new market or repositioning yourself.

Why It Matters

A rebrand can signal a new era for your company, making it clear to stakeholders that you’re focused, future-oriented, and ready to lead.

5. You’re Losing Relevance in a Crowded Market

In saturated industries, even well-established brands can struggle to stand out. If your competitors are overshadowing you, it might be time to reevaluate your brand’s positioning.

Signs of Brand Fatigue

  • You’re losing market share to newer or more innovative brands.
  • Customers struggle to differentiate your company from competitors.
  • Your brand doesn’t communicate your unique value effectively.

Why It Matters

A rebrand can help you carve out a unique space in the market, reestablish your authority, and show customers why you’re the best choice.

6. Your Brand No Longer Aligns with Your Values

Over time, companies evolve—not just in their offerings but in their values and priorities. If your current brand no longer reflects what you stand for, it may be time to realign.

Examples of Misalignment

  • Your company has embraced sustainability, but your branding doesn’t reflect that shift.
  • You’ve moved toward inclusivity or innovation, but your identity feels outdated or exclusive.
  • Your messaging doesn’t reflect the culture and values of your team.

Why It Matters

Modern consumers care deeply about values. A rebrand that reflects your principles can deepen trust, attract mission-aligned customers, and energize your team.

Best Practices for a Successful Rebrand

If you’ve recognized one or more of these signs, here’s how to approach a rebrand thoughtfully:

  1. Start with Strategy: A rebrand isn’t just about visuals—it’s about aligning your mission, vision, and values with your future goals.
  2. Engage Your Stakeholders: Involve your team, customers, and partners in the process to ensure your new brand resonates.
  3. Retain What Works: A rebrand doesn’t have to mean starting from scratch. Keep elements of your legacy that still hold value.
  4. Communicate the Change: Share the “why” behind your rebrand with your audience. Transparency builds trust and excitement.

Focus on Longevity: Design a brand that will stand the test of time, even as trends change.

Examples of Misalignment

  • Your company has embraced sustainability, but your branding doesn’t reflect that shift.
  • You’ve moved toward inclusivity or innovation, but your identity feels outdated or exclusive.
  • Your messaging doesn’t reflect the culture and values of your team.

Why It Matters

Modern consumers care deeply about values. A rebrand that reflects your principles can deepen trust, attract mission-aligned customers, and energize your team.

“Brand is an opportunity to connect, resonate, and build loyalty. If you’re not leaning in, you’re missing out"

Final Thoughts

For legacy companies, a rebrand is more than just a cosmetic refresh—it’s an opportunity to realign with your audience, sharpen your focus, and position yourself for the future. If your brand feels out of step with where your company is today, it might be time to take the leap.

 

Rebranding isn’t a sign of weakness—it’s a bold move that says, “We’re here, we’re growing, and we’re ready for what’s next.”

By Maria Cate

Maria is Co-Founder and Chief Business Officer at Cooth, bringing deep background in b2b and b2c business development, brand strategy, and marketing. She is passionate about working hands-on with entrepreneurs to understand their goals and help bring their visions to life.