Evaluating a brand partnership starts with a single question: do both brands share a belief that their respective audiences already hold? Not a demographic overlap. Not a shared product category. A shared belief. If the only justification for a partnership is that both brands reach a similar age group or income bracket, the collaboration will produce publicity without producing loyalty.
The practical test is whether the partnership can be explained in a single sentence that does not mention audience size, revenue, or reach. The New York Times and Everlane partnership can be explained as two brands that both believe truth and transparency are non-negotiable, coming together to make that belief visible to people who share it. That sentence works because it is grounded in something both audiences already value. If a brand cannot explain a partnership the same way, it is a commercial transaction rather than a strategic one, and commercial transactions with misaligned partners rarely produce the lasting brand equity that a values-aligned collaboration can.