Four years ago, just before stepping into his new job as a CEO, Dave Allen took his family on a vacation. A few days in, one of Allen’s high school-age daughters asked him what company he’d be running. “Igloo,” he told her. Naturally, she took out her phone and looked it up. Allen still remembers what she told him next.
“I have more followers on Instagram than they do,” she said.
Allen could hardly have gotten a better encapsulation of Igloo’s troubles—or the task ahead of him. The history of consumer products is rife with examples of brands that became household names, only to lose their way. The fortunate ones—Lego, Marvel, Chrysler, Apple—managed a comeback. Allen was determined to make Igloo one of them.
In 2018, Igloo “was just this…
