Gabey Goh
May 3, 2016

Suntory consolidates media with Initiative across key Asia markets

SINGAPORE - Cerebos has awarded IPG Mediabrands’ Initiative its consolidated regional media business in Thailand, Taiwan, Malaysia, Singapore and Hong Kong, following a pitch.

Suntory consolidates media with Initiative across key Asia markets

The outcome of the pitch, which launched in October last year and was managed by pitch consultant R3, reduces a roster of eight agencies to one and marks the first time the consumer food company has sought to consolidate its media roster.

Cerebos, a subsidiary of Suntory Holdings, led the regional media pitch jointly for Cerebos, Brands and Suntory Beverage & Food Asia, with the business estimated to be worth more than US$65 million.

Initiative was the incumbent in some of the countries, namely the brand's key market of Thailand, where it has held the business for nearly 30 years. The other incumbent market was Singapore.

Prior to its consolidation, the Japanese group worked with a variety of agencies including Vivaki, Mindshare and local shops.  

R3 principal Shu Fen Goh noted that the process was more complex than anticipated. “But strong leadership and commitment from Cerebos and Suntory top management got in to a successful outcome,” she added.

Gen Saito, CEO of Cerebos, said the challenge was not just getting all markets to align, but different divisions of Suntory including JVs to join in a Suntory-wide initiative.

Neerja Sewak, regional chief commercial officer of Cerebos, said it is Initiative’s “passion and deep relationship in our biggest market that gives them the edge.”

“Going from eight agencies to a single agency will bring synergies, stronger strategic partnership at the regional level and better quality of service at the market level,” she added. “My team is looking forward to working with Initiative to create a winning partnership.”

Will Anstee, chief growth officer of IPG Mediabrands, said the agency has “big ambitions” for Cerebos, amidst a context of a media industry moving at fluid and accelerated pace.

 

Source:
Campaign Asia

Related Articles

Just Published

20 minutes ago

40 Under 40 2024: Mamaa Duker, VML

Notable achievements include leading VML through a momentous merger, helping to reel in big sales, and growing WPP’s ethnic and cultural diversity network by a mile.

44 minutes ago

Will you let your children inherit a world without ...

A raw, unflinching look at the illegal wildlife trade, starring Ray Winstone, will force you to confront the horrifying truth... and act.

1 hour ago

Campaign CMO Outlook 2024: Why marketers still want ...

In the second part of the Outlook series, global marketers weigh in on Amazon Prime’s move into ad-tier streaming, how video-on-demand will reshape strategies, and where it's still falling short.

3 hours ago

Jaguar's identity crisis: A self-inflicted wound ...

Jaguar's baffling attempt at reinvention from feline grace to rock-based abstraction is a masterclass in brand self-sabotage, says Resonant's Ramakrishnan Raja—and it risks destroying the marque entirely.