Tuesday, February 7, 2012

Investment News and Commentary from Emerging Markets in Asia - China, India and ASEAN





About 2point6billion.com

2point6billion.com discusses investment news and events from the emerging markets of Asia - including India, China and the ASEAN countries. It is produced by the Asian foreign direct business advisors at Dezan Shira & Associates from their offices across emerging Asia.




Wimbledon woos Asia

Continuing on yesterday’s theme of Asian fashion fetishes and luxury brand indulgences here’s a look into how the biggest brand in tennis – Wimbledon is cashing in on Asia’s nouveau riche, and how China and India, with their fast-growing economies, have provided a fertile ground for Wimbledon in an ambitious bid to export its distinctive brand right around the globe.

“Europe is a very mature market and it is very difficult to introduce the Wimbledon brand in depth there. Asia is a land of opportunity,” McCowen told Reuters.

“This is the fastest expanding market in the world for merchandising. Asia is booming,” said Wimbledon marketing director Robert McCowen.

“Asians love brands and prefer to spend money on luxury goods rather than on their homes.”

Elaborating on their 14 new merchandising shops in China, McCowen added “We are told there is a growing middle class in the cities. Lots of young people live with their parents and have low expenditure,” he said.

Hence all the spare cash to shell out on designer clothes as he said “The young people are really keen on lifestyle.”

India is an equally alluring market for Wimbledon to set out its designer wares.

“We even had a limited edition of 10,000 scooters in India — that was a fun thing,” he said.

The fast-rising Asian players certainly help to raise the profile of tennis with China’s Na Li reaching the Wimbledon quarter-finals in 2006 and India’s Sania Mirza even managing to knock the cricketers off the front page.

Their heightened profile could also boost the television market for Wimbledon which is currently seen in 180 countries. “There is room for a lot more expansion in Asian TV rights,” McCowen said.

This entry was posted in Business. Bookmark the permalink.

Comments are closed.



Dezan Shira & Associates provide a range of services for companies looking to undertake foreign direct investment into Asia, These include corporate establishment, accounting, tax, payroll, audit and due diligence. To learn more about the firm, please contact one of our specialists at china@dezshira.com, download our corporate brochure or visit at us www.dezshira.com


Dezan Shira & Associates, Twenty years of Excellence

The Asia Briefing Bookstore

Our best selling legal, financial, tax and regional guides to Asia business, industry reports and more…
Click here to view all titles now

China Briefing Book Store China Briefing Book Store China Briefing Book Store China Briefing Book Store China Briefing Book Store China Briefing Book Store China Briefing Book Store China Briefing Book Store China Briefing Book Store

NOW AVAILABLE IN PDF