Bonang Matheba’s luxury sparkling wine brand, House of BNG, has reportedly undergone a significant price reduction, sparking widespread discussion among fans and industry insiders. Known for its premium positioning and association with Bonang’s glamorous lifestyle, House of BNG quickly became a popular choice for celebrations and special occasions.
However, in recent months, bottles of House of BNG have been seen on sale at prices far below the original retail cost. This unexpected reduction has led to speculation about the reasons behind it, with some attributing it to increased competition in the South African luxury beverage market, while others suggest it might be a strategic move to reach a broader audience.
Fans have had mixed reactions to the price cut. While some see it as an opportunity to enjoy the sparkling wine at a more accessible price, others are concerned it may impact the brand’s perceived exclusivity. Despite the change, Bonang remains dedicated to her brand, frequently promoting House of BNG and celebrating its successes on social media.
Bonang Matheba’s House of BNG suffers a major price reduction.
House of BNG has been reduced twice at Woolworth’s in this month alone. From it’s regular selling price of R399.99 to R199.99 and now being reduced to clear at R99.99 per bottle. pic.twitter.com/kEGvjmdDeU
— Musa Khawula (@Musa_Khawula) October 8, 2024
As the story unfolds, it will be interesting to see how this price adjustment affects the brand’s positioning in the marketplace and if it influences consumer perceptions of House of BNG as a luxury product.
In other news – Indian tycoon Ratan Tata dies at age 86
Tata, who ran the conglomerate for more than 20 years as chairman, had been undergoing intensive care in a Mumbai hospital, two sources with direct knowledge of his medical situation told Reuters earlier on Wednesday.
After graduating with a degree in architecture at Cornell University, he returned to India and in 1962 began working for the group his great-grandfather had founded nearly a century earlier. Read more
