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Lorem ipsum dolor sit amet, consetetur sadipscing elitr, sed diam nonumy eirmod tempor invidunt ut labore et dolore magna aliquyam erat, sed diam voluptua. At vero eos et accusam et justo duo dolores et ea rebum. Stet clita kasd gubergren, no sea takimata sanctus est Lorem ipsum dolor sit amet. Lorem ipsum dolor sit amet, consetetur sadipscing elitr, sed diam nonumy eirmod tempor invidunt ut labore et dolore magna aliquyam erat, sed diam voluptua. At vero eos et accusam et justo duo dolores et ea rebum. Stet clita kasd gubergren, no sea takimata sanctus est Lorem ipsum dolor sit amet. Lorem ipsum dolor sit amet, consetetur sadipscing elitr, sed diam nonumy eirmod tempor invidunt ut labore et dolore magna aliquyam erat, sed diam voluptua. At vero eos et accusam et justo duo dolores et ea rebum. Stet clita kasd gubergren, no sea takimata sanctus est Lorem ipsum dolor sit amet.Lorem ipsum dolor sit amet, consetetur sadipscing elitr, sed diam nonumy eirmod tempor invidunt ut labore et dolore magna aliquyam erat, sed diam voluptua. At vero eos et accusam et justo duo dolores et ea rebum. Stet clita kasd gubergren, no sea takimata sanctus est Lorem ipsum dolor sit amet. Lorem ipsum dolor sit amet, consetetur sadipscing elitr, sed diam nonumy eirmod tempor invidunt ut labore et dolore magna aliquyam erat, sed diam voluptua. At vero eos et accusam et justo duo dolores et ea rebum. Stet clita kasd gubergren, no sea takimata sanctus est Lorem ipsum dolor sit amet. Lorem ipsum dolor sit amet, consetetur sadipscing elitr, sed diam nonumy eirmod tempor invidunt ut labore et dolore magna aliquyam erat, sed diam voluptua. At vero eos et accusam et justo duo dolores et ea rebum. Stet clita kasd gubergren, no sea takimata sanctus est Lorem ipsum dolor sit amet.
March 10 and 11, 22 agencies of the UNIVAS Network met in Paris to study the development of the interior organization of the Network on the one hand, and on the other, to discuss the major problems faced by the profession.
Side by side with the directors of the most senior agencies such as A.T.A. Milan, HEYE Munich or O.W.G. Vienna, were all the partners who joined UNIVAS in 1970 and 1971 and such recent associates as LINEA SPN, our second Network agency in Italy, and INTERMARKETS Lebanon which covers the whole of the Mideast.
The meeting began with a report by Jacques DOUCE, chairman of UNIVAS, who recalled the most important stages in the development of UNIVAS since its creation in 1968. The company has seen its business go from $23 million to nearly $80 million forecast for 1972.From left to right: J. Douce, B. Nixon, G. Brignone, A. Melendez,
J.R. Batllo, E. Guerrovich, Mrs. Lambadariou, J.N. Reboud.This growth stems from the local dynamism of the agencies, whose business has grown thanks to winning national accounts but also thanks to international accounts gained by the commun activity of the Network, accounts which now represent 30% of total Network business.
Mr. Douce stressed the fact that UNIVAS was the business of every manager and that each of them should become more and more involved in its development policy. It was in this spirit that it was proposed to develop the structure toward an association of economic interest.
Before concluding, Mr. Douce recalled the action led by UNIVAS in cooperation with NHS and KMPH to establish a worldwide power capable of competing with the biggest American networks and thereby attracting large international accounts to our agencies. Denys BRUNEL then explained the details of UNIVAS's new structure in order to facilitate the group discussions.
Part of Friday was also devoted to working meetings on professional problems of communication and equipping agencies, while the six representatives designated by the agencies as a whole worked out a final plan for the 1972 organization of UNIVAS.
All of the agencies together were to give their consent to the conclusions of this commission which specified that the UNIVAS development economic interest association would be operational by May 31, 1972.
Saturday morning it was New Business's turn, with M. MANTON and NIXON repeating before the entire Network two major presentations done for important clients, to demonstrate the methods used. Also Pierre DAUZIER gave a report on activities undertaken in the United States relating to big American companies exporting to Europe.
Outside of the working sessions, the managers of the various agencies of course had the chance to talk personally to each other, both strengthening the ties of friendship between them and discussing many opportunities open to them for exchanging accounts.
(UNIVAS news)
1972 May 01
With Intermarkets the UNIVAS Network adds a new partner
by Erwin Guerrovich
With Intermarkets the UNIVAS Network adds a new partner
by Erwin Guerrovich
No. 1 in the Mideast, INTERMARKETS covers a market of nearly 200 million people. Erwin GUERROVICH, Chairman of the Board,...
No. 1 in the Mideast, INTERMARKETS covers a market of nearly 200 million people. Erwin GUERROVICH, Chairman of the Board, agreed to introduce his agency and speak about the Mideast market to UNIVAS news readers.
UNIVAS news: Erwin GUERROVICH, you are Chairman of the Board of INTERMARKETS. Your agency is established in Lebanon, at Beirut, and your advertising activities cover the whole Mideast. How long has INTERMARKETS been in the advertising market in the Mideast?
Erwin GUERROVICH: It's a long story. INTERMARKETS has existed legally since January 1, 1971, but it was born much earlier and you have to go back to July 12, 1961, when we began our advertising activities. At first there were 3 of us in 1-1/2 rooms. In 1962, with growing business, we structured ourselves as an agency and by 1970 our growth had made us No. 2 in the Mideast advertising market. At that point we felt the need to expand our structures and to adapt them even more to the market. With this in mind we merged with the No. 4 Lebanese agency to form INTERMARKETS and thereby became No. 1 in advertising in this area.
In the first year, INTERMARKETS raised its Business by 35% over the combined Business of the two agencies
in 1970.
U.n.: How large is your present staff?
E.G.: We are 52 in Beirut and 6 in Kuwait, which makes a total of 58 associates.
U.n.: How much Business did you have in 1971?
E.G.: Our consolidated Business came to 6.5 million Lebanese pounds or $2.5 million. Wide Resources
U.n.: What is INTERMARKETS present profile like on the Mideast advertising market?
E.G.: We are established in Beirut but we are Mideast agency whose activities are not only Lebanese. Our headquarters is in Beirut and we have a branch in Kuwait. It is this Beirut-Kuwait axis which enables us to cover broadly and precisely the key Mideast areas, some of which have the priority at this moment-the ones where the greatest expansion is taking place.
Thus the biggest potential for new business is located especially in the Persian Gulf, in Kuwait and Saudi Arabia among others.
U.n.: You have indicated the importance of INTERMARKET's privileged position in the Mideast on its Beirut-Kuwait axis. What differentiates the advertising market in this area from other international advertising markets?
E.G.: With its 200 million inhabitants the Mideast may seem homogeneous, especially if you look at it from the standpoint of language or basic culture. In the advertising and marketing field the situation is totally different: different approaches for each market, different mentalities, and differences in understanding problems and in the rate of expansion and development. Thus when you tackle these markets you must never make the mistake of thinking of them as a single, identical market, but on the contrary think of them as so many different markets which require solutions perfectly adapted to their specific characteristics. For that matter, there is a dearth of media in a good number of countries. In Saudi Arabia, for example, the local press is rather weak and very limited when compared to the Pan-Arab publications printed in Lebanon which cover the whole area. There is also no radio and the fringe radios are very weak and only cover certain parts of the outer edge of Saudi Arabia which is an enormous country. These listening areas are several thousand kilometers apart. "A moving team" of specialists
U.n.: In certain regards and in some areas it is a somewhat backward market, but this also makes it a market where there is much to be done in advertising. Isn't that an advantage?
E.G.: That is precisely where our advantage lies. If we take the case of Lebanon, a market of 3 million inhabitants with a very liberal economy and a high, well-distributed per capita income, we have a very sophisticated market and if we want to establish a new business growth index, it is rather limited. On the other hand if we take the developing Mideast countries, they offer us a number of resources. The markets there are in an extraordinary expansion, especially on the Persian Gulf where considerable effort is being made to speed development: schools and hospitals are free and the best students are given scholarships to study at Beirut universities and then are sent on to international universities, all at the state's expense.
An effort is also being made to industrialize and extraordinary roads are being built. Among other things this represents an enormous potential for the introduction of new products which may correspond to new needs and which call for advertising. Valid statistics do not exist so there is, of course, an enormous field for research, market studies, etc.
U.n.: Given the extent of your market, what is your strategy?
E.G.: With the current situation in the Mideast it is impossible to cover the whole area with an antenna on each market. Some markets are very small, others have very strict laws which make it difficult to open an advertising agency. In Iraq or in Syria there is a Central State Advertising Office which you are forced to go through. Thus we've put together "a moving team" of specialists who travel all over our market. And in order to be effective in the area where the potential for New Business is highest-the Persian Gulf-we have set up a branch in Kuwait. Also, apart from their constant traveling, our specialists manage to be on the spot for each new advertising operation. Offering an International Network to expansionary companies
U.n.: The Mideast represents nearly 200 million people and a vast geographical area. How do you carry out your advertising activities for your clients?
E.G.: All our clients work in the Mideast. Above all we have an important American and British clientele. They all have a financial center in London, New York or Chicago and they entrust their advertising problems for the whole Mideast to an agency in Lebanon. If, in fact, it is necessary to differentiate each market, there is always a basic constant - the brand image or advertising at sales points. Thus we must retain uniformity, with, however, differences for each market. Each market obliges us, by it's very characteristics, to adapt our activities to its particular shape, while maintaining the uniformity of the brand image. Obviously this complicates matters in our work and that isn't all, because on top of these problems there are economic and financial problems. In each market there are advertising agencies but these are agencies that work only on the local level. They act especially as space brokers and as work centers. When we come in locally we have to do our own creative concept work in the market in liaison with these agencies.
U.n.: Erwin GUERROVICH, INTERMARKETS is now a part of the international UNIVAS Network. From your standpoint what does the UNIVAS Network bring to INTERMARKETS and what will INTERMARKETS mean to the other partners ot the Network?
E.G.: First of all in opening the Mideast to the international market. The various Mideast countries have more and more activities in Europe or the United States - in the field of tourism for instance or with airlines, which are becoming more and more important. There is thus a potential to be analyzed and for a Mideast agency to reach it, we must be able to offer expansionary companies an international Network to which we belong. This Network should furnish whatever help is necessary in the international market and should do so actively and not merely be content to receive instructions. The help from the Network to the partner agency must also go beyond the particular field and add a formative element by transmitting the sum of its experience. For these reasons, belonging to the UNIVAS Network is an important expansion and development factor for INTERMARKETS.
And then in opening the International Market to the Mideast. The Arab countries are not yet very industrialized so a large part of their consumer goods are imported and with them the accompanying advertising accounts.
With INTERMARKETS, UNIVAS can offer its clients the possibility of advertising activities in the Mideast carried out by the biggest agency in the market. Like all the Network partner agencies INTERMARKETS is in a position to offer UNIVAS clients the same services they are used to in Europe or the United States. I believe that it is useful for the UNIVAS partners to have a partner who covers a complicated market that is very hard to get to know. In the next three to five years
U.n.: In becoming a partner of the UNIVAS Network, INTERMARKETS has taken a big step. At this point in your development what are your current projects?
E.G.: First, the creation of affiliated companies in sectors such as Public Relations, Research and Printing. We also want progressively to reinforce our implantation (according to the particular style of Mideast markets). Finally, thanks to the opening available through the Network, we would like to see exchanges with certain African countries which have points in common with the Mideast. A large part of this program will be operational in the next three to five years.
(UNIVAS News)
1979 July 22
The man behind a $16 million advertising organisation
by Martin Hedges
The man behind a $16 million advertising organisation
by Martin Hedges
Erwin Guerrovich can truly be called a decisive man. From a very early age when he ruled out first ambition...
Erwin Guerrovich can truly be called a decisive man. From a very early age when he ruled out first ambition to become a journalist in France, he began training himself to become a marketing professional.
At 43 he is president of Intermarkets, one of the largest agency groups in the area, with billing of $16 million last year. His decisiveness has taken Intermarkets from being an advertising department in a large import company back in the sixties, to the respected force in Middle Eastern advertising that it is today.
His business acumen has seen the company through its start as a fully fledged advertising agency, two merger deals and the expansion from the Lebanon which gave Intermarkets its strength following the conflict in Beirut.
Guerrovich himself feels that it is important not to discount luck in his personal success. "It is all a matter of luck in the end." he says, remembering the co-incidence of fortune which gave him a chance, at the age of 22 to run the advertising department of the Fattal trading company, which later formed the heart of Intermarkets.
But Guerrovich’s luck and power of decision have left him at time, as he admits. During the Arab Israeli war of 1967 he was offered the chance to buy his agency outright from the shareholder, as all the sign were that the Lebanon was to become involved with the war and business opportunities looked disastrous. He bid too low and as things rapidly improved, a golden opportunity was lost.
His expansion plans, conceived in the mid sixties have taken the agency into almost every market in the Arab world and clients and international agencies alike want his service.
The agency and Guerrovich still have unfulfilled plans for future markets and, meanwhile, multi-national agencies frequently make overtures with the intention of gaining equity in the operation.
When Erwin Guerrovich finished his Baccalaureate (a year early) his first thought was to become a journalist. His father had given him free choice to pursue his studies further, to enter the profession or to take on something more practical. As Guerrovich investigated the possibilities for a journalist he found that he would spend too much time for his liking working for others to get the glory. He says: "I would have liked to have been a journalist and later a writer, but as a Lebanese, my mother tongue was French and in France I would be a foreigner. It looked a depressing prospect to be an esclave under the hand of a big newspaper man. So I turned to advertising, which appeared to be the closest field to journalism.
"It was interesting because it offered variety, an intellectual challenge and no administrative security."
And Guerrovich single-mindedly applied himself, first to learning the English language and later marketing technique, under the advice and guidance of his father.
He came to London and for nine months studied English. He was fully exposed to the English milieu, staying in place like East Horsley in Surrey's commuter belt and Colliers Wood in South London. He remembers with a smile that it was at the lime of the "teddy boy" phenomenon in England. Quick tour
After a grounding in the language his father's contacts took him to spend time in such diverse companies as Gillette, Unilever, Squibb and Prudential Insurance.
Guerrovich is quick to make it clear that he was no "visitor" who just did a quick tour of the factory to find out what was going on, but spent month working at each company. His fondest memories are those of selling as part of the London sales team for Gillette, both in the Dockland and in the West End of London.
His training lasted three years in all, before he returned to Beirut and joined the Fattal distribution company, where his father was managing director.
At first he was assistant to the man in charge of pharmaceutical promotions to clinics, hospitals and doctors, but he soon moved to become assistant to the mainstream advertising manager. Says Guerrovich: "It was the line I was following and I insisted on joining the advertising department.
Guerrovich says his first piece of luck came when the ad manager went on a course to France and, after a battle with his superiors, he was left in charge of the department, as he puts it "without the title and without the money, of course". When the ad manager returned he moved up to senior management and left Guerrovich confirmed in the ad manager job - at the age of 22.
And he says that his second piece of luck came when the large Lebanese advertising agencies decided to cut out companies dealing directly with media by forming an advertising association. This they did and Guerrovich went to the Fattal board, for the setting up of a house advertising agency to replace the sales department. "I did not have to give reasons for the set up of on agency in principle, but I had to argue over how much freedom they would provide".
And so in July 1961, Middle East Marketing and Advertising Services was born. "A very long and complicated name" agrees Guerrovich, but notes that his say in such matters was very small at the time.
The agency began getting business from international agencies straight away, but a number of the agencies which came to see MEMAS criticised the size and scope of the operation - which was literally three people at the time.
"This helped me a great deal with what had become my shareholders", say Guerrovich. Arguing for a larger set-up, MEMAS bought a small ad agency which was in financial trouble through disagreements between the partners.
This formed the nucleus of the organisation later to become Intermarkets and from 1962 to 1964 Guerrovich says the agency went through "fascinating years" with new business coming from Unilever, in the shape of Vim and Omo, Pan Am and Rothmans.
It was at this time too that Guerrovich made another of those decisions which worked. He explains it thus: "While a lot of agencies were, I would not say media brokers, but perhaps media 'connoisseurs', we became much more involved on the marketing side, getting very much involved in the clients operation. This created our reputation."
In the beginning MEMAS took any work it could get and the business was split 50/50 between international and local clients, but as time went on the agency became more selective until by 1965 nearly 80 per cent of the billings came from outside the Lebanon. And then came the Arab-Israeli war in 1967.
"The first day of the war we were in the full swing of business at nine in the morning and then we started receiving telexes and call saying 'stop the campaign'."
By midday virtually all the agency was at a standstill says Guerrovich, and the shareholder decided to close down the operation for the duration of the war.
It was then that Guerrovich made his unsuccessfully low bid for the agency. "If I had offered the right price - a reasonable price - the deal would have been clinched then. But it was perhaps my inexperience. If I wanted to offer an extenuating circumstance I could say that the price was based on how much I could borrow from my friends".
After a few days the gloomy things predicted for the Lebanon did not happen, but the shareholders did offer Guerrovich a 25 per cent equity stake in the operation.
But already Guerrovich was thinking about the greater market potential of the Middle East. "It was becoming clear, he says, "without being a prophet, that nationalism would eventually mean larger income sooner or later. And as the region has always been a troubled one, on the principle of not having all your eggs in one basket, the more the agency was spread the better able it was to face adversity. But when all these plans were laid down. I never expected so much truth could come out of the thinking." New company
And Guerrovich traces the decision to go into other markets back to a board meeting in 1965 when the plans were laid, but to execute the expansion plan the company needed a stronger base in the Lebanon from which to begin. And it was then that the link with Hima took place, forming Intermarkets as the new company.
As the first part of the expansion the Kuwait office was a locally registered, full service agency from the word go. Bahrain followed soon after, as a good servicing point for business in Saudi Arabia. By now things looked rosy for Intermarkets, as the revenue from the oil boom was translated into consumer spending power, just as Guerrovich had predicted.
In 1975 the Lebanon was again engulfed in violence, which paralysed business in what had been the advertising and media capital of the area.
But Intermarkets' policy of diversification meant that they could continue working without interruption.
"In comparison with the competition, we were the only ad agency which had continuity of communication with our clients.
"For the others it was a problem of logistics - entry visa, resident and work permits. As we were entrenched in the area we had none of these problems.
"The staff had a desk and a phone to go to - in fact everything they wanted". Guerrovich remembers that he learnt a lot at that time about the people with whom he worked. He says: "When you come to crisis situations you find the people who can stand changing conditions and who have loyalty to the company. The good ones stayed and the mediocre ones went".
The Dubai agency finally came about in 1976, followed a year later with an Egyptian office to handle international business. And in 1978, with the opening of the Saudi office Intermarkets could claim to be represented with a full service presence in most of the major markets of the Middle East.
But Guerrovich didn't stop there. Realising the importance of the PR function in communications he signed a deal with the Burson Marsteller organisation to form a joint PR company. And Guerrovich has other plans too. He says that Oman in the lower Gulf has a great future.
As president of such a large and diversified organisation there is no way that Guerrovich could be involved in the day-to-day decisions of all the offices, but he wants it that way. He says: "I do not believe in a one-man operation, I have seen companies in this (the Beirut) market which have been relying on one man then the man falls sick or dies and you see in a matter of months the company would not even exist. My policy is that Intermarkets must have a number of key men. And whoever is at the top, the company must not suffer if he changes. The continuity must be there."
Guerrovich is a confirmed believer in the power of a strong organisation too. "Maybe this is what I have learned in my training period and my time in a large organisation. Forget about the number of people, start making an organisation first and then, as you grow everything becomes easier."
Guerrovich tells another story which illustrates how aware he is of his role in the company. When visiting Europe recently, he says: "I met the managers, advertising, marketing, sales etc of a large manufacturing company. They were all in their thirties and they had all sorts of marketing plans for the future - it was a really exciting meeting, I was carried away by their enthusiasm. Then they introduced me to the president of the company and I saw all their enthusiasm deflating.
"I would hate to look at myself and see that man. I would hate to hold up progress just because I was the majority shareholder.
"I believe that life is a struggle and because it is a struggle it is also a game. If things are running too smoothly there is no challenge to feel you are fighting and winning. So there must be this struggle - it is possessed of everything that makes professional life interesting.
"And so it is my philosophy that I would never have a majority share in the company, because it is against my principle of struggle."
Intermarkets is a very valuable property nowadays, with more than one international agency making overtures. But Guerrovich is fairly firm on the pre-conditions for his recommendation to the shareholders that a deal should go through.
The deal with Lintas which went sour has obviously chastened Guerrovich.
Lintas was to gain 20 per cent of the equity after a two-year trial period. Guerrovich says: "The result of this experience makes us even more negative", but he does not entirely rule out some kind of "evolution".
"A huge sum of money is not enough, for let us not forget that Intermarkets is already working with international agencies from America to Japan. For a start there must be compensation for a large billing that we would lose - and that applies to whatever billing would come in the future too."
(Campaign Mid East)
1983 January 01
Conferences
Conferences
1. The formation of a self regulatory system;
2. To encourage the education of young people in our industry In Mass...
1. The formation of a self regulatory system;
2. To encourage the education of young people in our industry In Mass Communication subjects;
3. To work towards a definition of "Pan Arab media and markets";
4. To develop a research programme to analyse and evaluate the data available in the Arab world markets;
5. Arab African Promoters for International Conferences. (AAPIC), will undertake administrative and organizational decisions regarding all future Advista Arabia conferences.
Another suggestion proposed the convening of a new Advista Arabia every two years at a venue to be determined, and that it maintains its international identity.
From left Fares, Choueiri, Guerrovich and Pitcher.
As the Egyptian Minister of information, H. E. Satvat El Sherif said in his welcoming address, not only was this conference an important event for Cairo, but it is so also for advertising. The conference attracted, for the first time, representatives of the media, advertising agencies, publishing organizations, and business people from all over the world, thereby assessing the present and the future of advertising, business and economic trends.
(ArabAd)
1987 January 01
Guerrovich on advertising
Guerrovich on advertising
Mr. Erwin Guerrovich discussed with ARAB AD his views on the development of the advertising scene in the area, and...
Mr. Erwin Guerrovich discussed with ARAB AD his views on the development of the advertising scene in the area, and the way he visualised the future. Following, are excerpts of the interview:
Pan Arab publications are here to stay. Their role and position are not at stake. All over the world, regional publications exist serving information and advertising needs. The Middle East is no exception. Their future however, is difficult but interesting. Difficult owing to the substantial development of local media and the area stabilisation alter the oil boom period. But interesting, as there is a wide scope advertisers for Pan Arab publications. Creative salesmanship on potential clients worldwide can expand their market and volume.
Mr. Guerrovich also said that local newspapers could increase their revenue by promoting the use of more classified ads. Lebanese are not yet used to the benefits of classified ads. They need to be educated and attracted. No impact and progress take place when the reader sees a few ads. Classified ads are a major source of revenue to European newspapers. Without going that far, see the Gulf newspapers, especially in Kuwait and Dubai. Classified ads occupy good space and are expanding.
When asked about his views on mergers. Mr. Guerrovich expressed his approval of these methods, but only when done under certain conditions:
1. That mere must be "a complementing factor on the professional aspect" In other words, that each company lacks an aspect that is found in the other. Therefore, both companies need each other.
2. That the "merger be the result of a harmonious development for the two companies" Under these conditions both the human and the professional elements are needed, thus resulting in a "natural merger". Otherwise, it is no more a merger but an absorbation.
Mr. Guerrovich expressed reservations about the mega-mergers on the international level. He pointed out that major international clients did not applaud to these mega-mergers, emitting doubts as to the benefits for better advertising.
Another item that we discussed with Mr. Guerrovich was the new medium of video advertising. In the Middle East, there is over 75 percent penetration of video machines in households. This represents a strong source of advertising, since in terms of cost and reach, video advertising is sometimes better than TV. However, the problem faced with video advertising, "especially in our area, is a psychological one for advertisers". Control of video advertising is not easy. Clients have a tendency to prefer the easily monitored media, such as Television.
The relationship between local and international agencies was another topic that Mr. Guerrovich discussed. Overall, he said, there is always an inter-dependence between international and local agencies. Our markets being mainly importers of branded goods, international agencies need local agencies to channel advertising to the Middle East and to perform the servicing at our end.
The relationship can be divided in three periods. One period being the years preceding 1973. Media m the Middle East were still scarce, budgets volume low, international clients most of the time, not affording anything more than the adoption of their international material. During that period, most advertising came from international agencies dealing with local agencies acting as their correspondents.
The second period was between 1974-1983 Budgets volume substantially increased, media opportunities developed, the big local Pan Arab agencies expanded in geographical coverage and in servicing, both strategic thinking and creativity. It led to a shift, international clients preferring to deal directly with the Pan-Arab agencies rather than their international agencies.
The third period is 1984 onwards. It is very much a balanced situation. The strength of Pan Arab agencies and the interest towards the Middle East, had led international agencies to enter the area. As most of them have not fared well some even folding, like Young & Rubicam, Lintas, and Ogilvy & Mather - the inter-dependence international agencies/ local agencies still largely exists.
Finally, for Mr. Guerrovich, the problem facing advertising in the Middle East has to do mainly with creativity. On one hand, local talents are scarce. On the other, the area lacks the creative atmosphere and facilities existing in Europe and the United Stales. However, great improvements have taken place, especially in the leading Pan-Arab agencies. They have the means to invest in a creative force and their structure which includes European offices, allows transfers lo regain creative impetus and exposure 10 new creative techniques.
(ArabAd)
1987 April 01
IAA to expand in M.E.
IAA to expand in M.E.
Mr. Samir Fares, IAA vice president/area director for the Middle East and Africa, recent speech at Advista Arabia conference was...
Mr. Samir Fares, IAA vice president/area director for the Middle East and Africa, recent speech at Advista Arabia conference was entitled, "What the IAA Can Do For You!"
More than 250 IAA members from the Middle East attended and guest speakers came from both Europe and the USA as well as the Middle East.
Mr. Fares announced plans to form three new Chapters, in Jordan, Morocco and Pakistan. He has contacted prominent advertising people in each country asking them to lead the effort to set up the Chapters.
Mr. Fares also foresees that the Middle East Council will be able to recruit more new members under its umbrella, specifically from Saudi Arabia, Oman, Bahrain and Oatar, as a result of the conference. Y.S. Alyan, Publisher of the Kuwait Times, will be in charge of recruiting more members in Kuwait, while Abdul Nabl AI Shola will be responsible for recruitment in Bahrain and Qatar. The projected number of new members expected in the area for 1987 is 75.
Mr. Fares called for a meeting of interested parties, including advertisers, advertising agencies and the media, with the cooperation of the IAA, to explore methods of implementing the recommendations that have emerged from Advista Arabia. Mr. Samir Fares (centre) surrounded by the new
board of directors of the UAE chapter of IAA
(Arab Ad)
1987 July 01
Brand loyalty: Latest victim of Lebanon's quagmire
by Ramsay Najjar
Brand loyalty: Latest victim of Lebanon's quagmire
by Ramsay Najjar
The ultimate objective of advertising is to reach and consolidate "Brand Loyalty". Years of mass-communications expressed in investments are sacrified,...
The ultimate objective of advertising is to reach and consolidate "Brand Loyalty". Years of mass-communications expressed in investments are sacrified, millions are spent in space or airtime, copywriters do sweat their pens to have it, to keep it or at least to trigger it... brand loyalty; the obsession of advertisers, the "muse", the beloved, the eversearched fulfillment of our profession: How do we define it? How do we achieve it? How do we keep it? and what is more important how do we lose it?...
The following paragraphs are simply evoking the most crucial metamorphosis that professionals felt in Lebanon on the advertising scene, when major brand loyalty started to vanish as a result of uncontrolable changes that occured and that are still moulding the economical trends due to the Lebanese crisis or dilemma still active since 1975.
Needless to recall the golden age of Lebanon before 1975; the pilot market praised by all Pan Arab advertisers, giants or ambitious; Lebanon was indeed the sublimation of a modern market flourishing, radiating with prosperity and appealing to the advertising currency. That was the picture and brand loyalty was really justified.
Regardless of their genuine and hidden drives; giant advertisers succeeded the complete seduction; the following brands selected to form the basic spectrum of consumer products, achieved full brand loyalty and secured the consolidation of their charm and taught as well the legendary title of "Generics" in the mind of their consumers; we recall: In Cigarettes:
Philip Morris positioned Marlboro as the leading brand.
R.J. Reynolds followed with Winston.
The remaining secondary market shares were the arena to all other brands that lost faith in attacking the major leaders and accepted stoically to fight to be among the minor followers; these were Kent, Rothmans, Dunhill, Viceroy, etc... and the French brands accepted the segmentation theory and kept a very few ratio of loyalty. Local cigarettes suffered from this and their efforts were vain to join the race. In Detergents:
Procter & Gamble won the trophy, in high suds from "Tide" to "Yes" the race was really discouraging even for international leaders such as Unilever: The motivation was nearly lacking in low suds, "Ariel" convinced Pienkelto accept the second position for Persil as it did not succeed its brand loyalty consolidation.
In liquid detergent, Fairy Liquid of P and G as well enjoyed the adoring effect of brand loyalty up to its peak. In powder instant Milk:
"Nestle" positioned "Nido" as the ritual leading brand deserving the complete worship privileges; the success went beyond all expectations, and the competition accepted stoically the defeat and "Brand Loyalty" was expressed with the same esteem that is granted by primitives to their native legend.
Consumerism was an act of faith, and the supermarket tray became the ritual altar for the same sacred "offerings" that were Marlboro, Ariel, Fairy, Nido, Pampers, etc...
Brand Loyalty was safe, or at least we felt it secured and enjoying full immunity as despite the nine years of the Lebanese events; brand loyalty seemed more solid than the constitution itself.
Nevertheless the virus was incubating and when the feverish race between the local currency and the foreign one started, the ethical consumer values started shaking till they collapsed. We recall during that period the psychological psychosis that shocked and frustrated all these "loyals"; imagine your source of faith, your ultimate objects of admiration, your daily "offerings" became all of a sudden inaccessible, unaffordable and out of reach... at that time these faithful, trusty and "loyal" consumers were viciously turning all around the alleys of the superstores, looking to these brands with addict eyes and their offended pride managed to keep their hands off these shelves, these same shelves of yesterday...
Brand Loyalty started shifting from labels, logos, emblems, and all the elements of corporate identity to a new small label; ugly and primitive; numerical and mean... all these eyes went there; hunting a figure; eliminating a digit; a cipher or at least a monogram...
The mechanism was dramatic, eyes driving hands and these same hands returned the same product and the eyes opened a glance of frustration and deception... People were hiding their new purchased goods or "gods," they were outraged, offended and insulted.
Brand Loyalty collapsed as if built on quick sand, and the "worshippers" were doomed.
"The Day After" Marlboro started becoming a rare and precious object (3 new brands were launched recently Winston vanished from the advertising scene and many "remnants" joined the race), "Ariel" became nearly a wedding gift, Pampers left the shelves to pseudo-diapers and Nido witnessed the launch of 23 brands in 6 months time only; least and not last, Fairy Liquid "foamed" more than 30 brands launched in less than 6 months as well; and Fairy is no more present on the majority of shelves.
Later on, the evolution went towards the logical hunt of the ideal compromise or the best quality/price combination or concession.
"Brand Loyalty" is no more the religion of the Lebanese consumers, they are nowadays rebels, they shift at the highest speed you can imagine, they swap at the highest frequency you can set... brand loyalty is no more existing in Lebanon; although all Lebanese are eager to repractice their ritual sect provided resurrection will be granted to their country. Ramsay Najjar is Deputy Manager for Operations at Trust.
(Arab Ad)
1987 November 01
Brand loyalty in the Arab Gulf
By Robin Mannock
Brand loyalty in the Arab Gulf
By Robin Mannock
If you are looking for brand loyalty in the Arab Gulf countries, the answer is no different to what it...
If you are looking for brand loyalty in the Arab Gulf countries, the answer is no different to what it is anywhere else in the world. Cherchez la femme.
This may surprise those who hold the stereotyped view of the Arab woman cloistered at home and totally subservient to her husband. But the stereotype just isn't true in the marketplace for consumer products in the Gulf states (Saudi Arabia, Kuwait, Qatar, the United Arab Emirates, Bahrain and Oman), according to two experts on advertising and marketing in the Arab world.
"The closer the product is linked to the household, the stronger brand loyalty becomes," says Erwin Guerrovich, president of Intermarkets. And Ramsay Najjar, associate director of Trust Advertising, shows the other side of this coin. "When it comes to the household, she (the Arab housewife) is the decision-maker even if sometimes it is by remote control."
Guerrovich rates brand loyalty in these Arab countries as "very high." Najjar is not so sure. Both agree, however, that the importance that Gulf Arabs afford to tradition can and does play an important role in attitudes toward consumer products and advertising. And despite the outwardly male-oriented nature of Arab tradition, both see women exercising real power within Arab families.
Guerrovich sees the market for products bought by women in the Arab Gulf divided in two. "There are the smaller Gulf states like Kuwait, Bahrain and the UAE where women go to shops and supermarkets. And then there is Saudi Arabia." But even though Saudi women stay at home, and much of their shopping is done by men, he is sure that it is the housewife who chooses what products are purchased.
"Let's say it's the driver who goes to the shops for her," Guerrovich explains. "Many of the drivers are illiterate and are often none too bright. So the housewife will be very specific when she gives him her order: 'I want brand X of this, brand Y of that and brand Z of something else."
The decision-making power of Saudi women does not stop there, Guerrovich insists. "When it comes to choosing large items of furniture or major household appliances, it is quite common these days to see a Saudi husband with his veiled wife come to the shop together."
Brand loyalty does not attach itself to all products bought by women, according to Guerrovich. Their choices in toiletries, cosmetics and perfumes can be "very flexible," he says. And all bets are off, Najjar and Guerrovich say, if a product that is significantly different is introduced into the market.
Does that mean that the Arab Gulf market is much the same as many other markets? No, definitely not. Although their approaches to the question are very different, both Najjar and Guerrovich stress the need to treat the Arab Gulf as a market with its own special problems for those who seek to sell their products there.
Najjar points to the relatively brief time that has elapsed since Arab Gulf countries joined other consumerist societies. Before the 1973-74 oil boom, he notes, Arab Gulf states were not consumerist societies. The next thing the Arabs knew was a flood of new products on which to spend their new wealth. "As consumers, they were infants before the oil boom," Najjar says. "Then all of a sudden they were adults as consumers. Without passing through a consumer adolescence."
This abrupt introduction to consumerism and the vast choice of products meant it was difficult to develop brand loyalty, Najjar says, the more so because most Gulf Arabs knew little about the products they were buying. Even nowadays, he believes, Gulf Arabs are not necessarily influenced by such issues as quality or safety that advertisers emphasise in other markets when they go out to shop. Sometimes, he says, the product will be bought because the customer believes it will enhance social standing or because there is a psychological identification with the product.
Najjar feels the inrush of so many products during the oil boom of the 1970s and the advertising that accompanied it, diluted brand awareness among Gulf Arabs. "There were so many advertising campaigns all at one time," he says. In a calmer atmosphere Najjar believes individual advertising campaigns would have greater impact and do more to promote brand loyalty.
Guerrovich is not so sure. "Yes, there were a lot of new products and people wanted to try everything," he concedes. "But while Gulf Arabs were willing to switch brands for some goods, there were others where brand loyalty meant they stayed with the product they knew because it was already well-established in the market. Products like milk or baby powder."
Guerrovich says some new brands did manage for a while to win market shares from established competitors. Quite frequently, however, consumers gradually returned to their old brand once the novelty of the new product had worn off, Guerrovich says.
Guerrovich rates brand loyalty in the Arab Gulf "slightly higher" than it is in the West.One reason, he says, is that Arab consumers ask fewer questions about products than do their Western counterparts and publications on consumer protection do not circulate widely in the Gulf. Najjar believes Gulf Arabs do share the skepticism of consumers elsewhere that advertisers may not be telling the whole truth and nothing but the truth. But he agrees that Gulf Arabs are less likely to question advertising. "When they travel to the West they see that advertising is a part of Western life," he says. "So they accept advertising."
Guerrovich, however, saw a less confused market in the 1970s. The oil boom, he notes, brought, with it a huge influx of expatriates who served as trend-setters for the Gulf Arabs. Products favoured by expatriates became popular in the Arab Gulf. Most influential of all, Guerrovich says, was ARAMCO, the giant oil consortium in Saudi Arabia. ARAMCO's impact on consumer choices spread beyond the Kingdom to neighbouring states, he adds.
One reason, according to Guerrovich, was that the city in Saudi Arabia built by ARAMCO for its expatriate employees was a compact market and so manufacturers had no difficulty in spotting which products sold well there, giving them a better chance of breaking into the Arab market. But Guerrovich warned there was a down side to this form of trend-setting, especially now that the oil boom is over and many expatriates have returned home.
"We've had to fight with some clients about their advertising targets because they were putting more emphasis on expatriates than upon Arabs," Guerrovich says. Initially, in his view, advertisers such as airlines were correct in focussing attention on expatriates because they travelled a great deal and because they were trend-setters for the Arabs. "But concepts have changed," he says, "It's difficult to get advertisers to spend the right proportion of their budgets on Arabs."
Guerrovich and Najjar concur that distinctive packaging plays a significant part in brand loyalty in the Arab Gulf. "A lot of Gulf Arabs identify brands by the colours of their packages," Najjar explains. "For example, when they are buying cigarettes they will ask for 'the blue ones' (a Rothmans brand)." Guerrovich cites Craven A as a brand of cigarettes that capitalised successfully on its distinctive packaging. Gulf Arabs call Craven A "Abu Biss" (The father of the cat) because of the black cat on the packet.
Najjar does not think that this reliance on package colours is due to the difficulties Gulf Arabs might have reading brand names in an unfamiliar Roman script. Guerrovich stresses, however, the need for a brand name that transliterated easily into Arabic script and did not translate in Arabic into an offensive or unpleasant word.
Brand names that are offensive to Arabs, Guerrovich concedes, are not usually a problem for multinational firms accustomed to worldwide sales. They take care that their brand names can pass muster in a multitude of tongues - or else they are renamed for specific markets. Some products, he points out, sell under as many as six different brand names around the world.
Getting the right brand name for the Arab Gulf can be a headache, Guerrovich says, for smaller companies trying to develop exports markets for the first time. "Usually, they are companies which have been successful in selling a single product in their home market," he says.
Brand loyalty cannot be taken for granted in the Arab Gulf once it is acquired. On that point both Guerrovich and Najjar are emphatic. And while Guerrovich cites powdered milk as a product unlikely to be subject to brand disloyalty, Najjar recalls how Nestle's Nido brand of powdered milk knocked Klim off its preeminent perch in the region. Najjar also points to the way Procter & Gamble grabbed market shares for its products away from Unilever, once the market leader in the Arab Gulf.
Guerrovich warns, however, that an advertiser who hopes to blitz competing products off supermarket shelves with a saturation campaign is unlikely to succeed all at once in the Arab Gulf.
"In most cases it doesn't work," Guerrovich says. "Entering markets in the Gulf is a comparatively long process which requires steady but not undue advertising expenditure and a strong marketing backup."
There is, nonetheless, one very important exception to this general rule. "If it is obvious that your product comes into the market with a definite plus, then it is an entirely different story," Guerrovich says.
But finding out whether a product really has a plus factor when it reaches the Arab Gulf is not always easy. Najjar notes that Arabs paid next to no notice of aspects of new products that were central to massive advertising campaigns in other markets. Whether, for example, detergents were low-sudsing or did not concern Arab consumers, Najjar says. It was not an issue that affected sales.
Market research was much easier before the oil boom. It is the accepted wisdom that Lebanon was the pilot market for the Arab world's variegated markets until the 1975-76 war and the following years of turmoil meant that the only market in which Lebanon was a pilot was that of munitions dealers of dubious repute.
"We could take a street in Ras Beirut and use it to simulate the market in Egypt," Najjar recalls. Other Arab markets could be tested in microcosm elsewhere in Lebanon. This was doubly convenient because Beirut was the undisputed advertising capital for the Arab world and home base for the region's main advertising agencies. Market research could be undertaken on their own doorstep.
No longer. Even though Lebanese are still the driving force behind Arab advertising and the strategy underlying many major advertising campaigns in the Arab Gulf are still plotted in Beirut. Najjar pointed out that more than over 40 percent of all television commercials for Arab markets are produced in Lebanon and that many others are made elsewhere by Lebanese who have left their own country because of war and insecurity.
"In terms of modern equipment, Lebanon cannot be compared with studios in the Gulf," Najjar says. "They can bring in the latest machines without having to worry about what might happen to it. But what we Lebanese have is flair and knowhow."
Another reason, Najjar says, is that Lebanese have long experience of both the Western World from whence come the goods that are advertised and the Arab World and its age-old traditions. Many Lebanese, he notes, can move effortlessly from one to the other because their own lives are an amalgam of modernity and consumerism together with their own traditional Lebanese way of life.
This cultural ambivalence is far less marked in the Arab Gulf states, according to Najjar. The Arab Gulf wants the West's consumer goods, he says, but not at the price Gulf Arabs fear they may have to pay through the loss of their traditions and their cultural identity. Najjar believes this explains why wealthy Gulf Arabs will leave luxurious homes in the city from time to time to seek peace of mind in a tent in the desert.
On a less exalted level, Guerrovich feels this fierce defence of tradition helps to foster brand loyalty among Gulf Arabs once a product is accepted by them. He agrees that some of this brand loyalty might be termed inertial loyalty.
Guerrovich and Najjar are, however, of one mind that the tradition of Gulf Arabs and the role of Gulf Arab women in particular do serve as some what of a barrier when advertisers seek to discover what products they will buy and to probe Gulf Arab tastes. There are times, Najjar says, when launching a new product in the region can be a leap in the dark. But Guerrovich does not believe tradition is an insurmountable bar to market research among Gulf Arab women.
Women in Saudi Arabia, he notes, often have a great deal of free time on their hands. "That means they welcome a visit by a woman of some standing - not a princess, but a member of the bourgeoisie - who is doing market research. They are often willing to discuss a product in much greater depth than other women would be prepared to do."
Another important way of hurdling the barrier of tradition, according to Najjar, is by moving the weight of advertising agencies into Gulf Arab markets by setting up offices in the region's main cities. The shift away from Beirut towards the Gulf was dictated in part by the disappearance of Lebanon's role as a pilot market and partly by pressure from the agencies' big international clients who wanted their advertising to be created close to the point of sale. Yet another reason for this decentralisation, Najjar saysjs the acceptance and growing use of marketing techniques from the West such as point-of-sale promotion and mailings which can best be organised on the spot.
Because companies from outside the Arab World cannot sell their products directly to Gulf Arabs but must use the services of a local importing agent, success or failure of sales promotion can often depend on the agent's willingness or ability to get behind the campaign with sufficient drive and resources, Najjar says."We do have problems explaining to agents that advertising is not a form of tax on their profits but rather something that they need," he explains, adding that this form of resistance to advertising is receding as importing agents recognise the impact advertising is having on sales.
Paradoxically perhaps, the bars of Gulf Arab tradition that hinder market research for a new product line make it easier rather than harder to reach women with advertising once the product line has been launched. The reason, Guerrovich points out, is that many Gulf Arab women live lives of enforced leisure and watching television is one of the main ways they pass their time. Until quite recently, television advertising was not accepted by the authorities in Saudi Arabia and Oman but nowadays advertising on TV reaches the entire Arab Gulf.
But the Saudi Arabian housewife did not have to wait for the authorities to act before seeing advertising on the family's television screen. Video cassettes have become a very popular form of home entertainment in the Arab Gulf and both Guerrovich and Najjar point to the thriving minor industry that has developed of splicing advertising spots into rented video cassettes. Both see this as an effective medium for advertising but Guerrovich admits that some clients are yet to be convinced this is so.
Brand awareness, the essential prerequisite for brand loyalty, has on occasion backfired in the Arab Gulf, Najjar says. He cites Sohat, the Lebanese mineral water, and Kleenex paper handkerchiefs as examples of brands that have become generic names for these products in the region thanks to advertising. But although these brand names have become a part of the everyday language of the Arab Gulf, Najjar says that will not prevent customers from walking out of the supermarket with competitors' products in their shopping bags.
You can't win 'em all.
(ArabAd)
1991 September 20
History of the Lebanon Chapter
History of the Lebanon Chapter
IAA Pionneers during the early sixties
The Lebanon Chapter of the IAA was founded in 1961 by Mounir Takchi, who at...
IAA Pionneers during the early sixties
The Lebanon Chapter of the IAA was founded in 1961 by Mounir Takchi, who at the time was director of Advision. The founding committee, immediately started recruiting new members and organized a number of functions to promote the industry. The chapter was thus the first in the Arab World.
Fuad Pharaon was later elected vice-president Middle East and was succeeded by Jean Rizk. Samir Fares was in later years elected vice-president for the Middle East and Africa.
Since 1975, the Lebanon Chapter has strugled for survival because many of its members left the country due to the war. Most established themselves abroad.
In 1977, Takchi reassembled the majority of the members and a new board was elected headed by Erwin Guerrovich. Another board was elected in 1980 and was chaired by Camille Menassa. In 1984, Mustapha Assad became the president of a newly-elected committee and was succeeded by Jean-Claude Boulos in 1986. Walid Azzi took over in 1988 and in 1991, Boulos assumed the post for the second time.
The past 16 years witnessed various activities which included.
The first media survey on a Pan-Arab level sponsored by the Lebanon Chapter, covered Saudi Arabia, Kuwait, UAE, Bahrain, Qatar, Jordan, and Lebanon.
The chapter participated in all world congresses of the IAA since 1978.
- Copenhagen, 1978 - 30 members
- Durban, 1980 - 20 members
- Rio de Janeiro, 1982 - 23 members
- Tokyo, 1984 - 35 members, during which the chapter hosted a gala dinner and a message of goodwill from H.E. the President of Lebanon was read.
- Chicago, 1986 - 38 members (the biggest delegation per capita). The chapter sponsored the Ella Fitzgerald closing night performance.
- Sydney, 1988 - 18 members. In Sydney the chapter was awarded the highest honour in the industry, the Golden Tulip for being "Most Active Chapter". Samir Fares was elected during the congress senior vice-president/world president-elect.
- Hamburg, 1990 - 20 members. Mustapha Assad was elected senior vice-president/world president-elect.
Participation in the Advista conference in Cairo and later in the International Beijing Conference.
Creation of the 25 th anniversary advertising stamp.
Creation of the "Mouhir Takchi" award for academic achievement in advertising.
A chapter for associate members was founded and grouped 70 members.
In Beirut, 1988, the chapter pioneered an extensive audio-visual anti-drug, anti-AIDS campaign in collaboration with the CRS. And in the same year the chapter sponsored the first communication exhibition in the Arab World.
In 1991, membership of the Lebanon Chapter is expected to top the 100 mark. In September of the same year, the chapter organized an international forum on "Gateways to Reconstruction" in Lebanon.
(GATEWAYS to Reconstruction)
1993 January 01
No thanks for the memory. A survey of advertising in Lebanon, 1989 - 1993
No thanks for the memory. A survey of advertising in Lebanon, 1989 - 1993
Or should it be thanks for the memory? Either way, 1989 and 1990 are years Lebanese advertising agencies are unlikely...
The Lebanon Chapter of the IAA was founded in 1961 by Mounir Takchi. The Chapter was the first in the Arab World.
Fouad Pharaon was later elected vice-president Middle East and was succeeded by Jean Rizk. Samir Fares was in later years elected vice-president for the Middle East and Africa.
Since 1975, the Lebanon Chapter has struggled for survival because many of its members left the country due to the war.
In 1977, Takchi assembled the majority of the members and a new board was elected headed by Erwin Guerrovich. Another board was elected in 1980 and was chaired by Camille Menassa.
In 1984, Mustapha Assad became the president of a newly elected committee and was to be later elected IAA World President. Assad was succeeded by Jean-Claude Boulos in 1986. Walid Azzi took over in 1988 and in 1991, Boulos assumed the post for the second time.
The chapter participated actively in all world congresses of the IAA since 1978, and organized the Lebanese Night at Barcelone which was a great success.
1978: Copenhagen
1980: Durban
1982: Rio de Janeiro
1984: Tokyo
1986: Chicago
1988: Sydney
1990: Hamburg
1992: Barcelone
A chapter for associate members was founded in 1988 and grouped 70 members.
In 1994, membership of the Lebanese chapter exceeded the 100 mark.
(Lebanon Your Door To The Arab World)
1994 January 01
IAA hosts debate on audio-visual law
IAA hosts debate on audio-visual law
The Lebanese Chapter of the IAA has been host late last month to a luncheon at the Beirut Riviera Hotel...
The Lebanese Chapter of the IAA has been host late last month to a luncheon at the Beirut Riviera Hotel during which MP Joseph Moghaizel dwelt in detail on the introduction of the new audio-visual law.
The luncheon which was attended by IAA members and their guests in the industry witnessed a lively discussion on the subject which at times reached a heated level.
Speakers pointed out that the law contained many loopholes and asserted the difficulty of implementing some of the articles included in the law. Table of honour from left: Erwin Guerrovich of Intermarkets; Mustapha Assad, Publi-Graphics; May Kahale, Information Advisor at the Presidential Palace; Deputy Joseph Moghaizel; Jean-Claude Boulos, Inter-Regies and Walid Azzi Publisher of ArabAd
(ArabAd)
1994 January 01
Erwin Guerrovich Intermarkets
Erwin Guerrovich Intermarkets
1. All around the industry, the climate was towards glorious optimism as 1993 started. Forecasts were constantly referring to a...
1. All around the industry, the climate was towards glorious optimism as 1993 started. Forecasts were constantly referring to a minimum growth of 35% of the Lebanese advertising volume, within a context of further internal peace consolidation and economic growth.
It did not happen. In fact, our statistical unit estimates actual advertising expenditure in 1993 as lower than 1992. We mostly attribute this situation to the continuous impoverishment of the middle class with fixed revenues and to the media war.
On the agency side, as our Lebanon office was embarked in a major restructuration, we had not set our 1993 objectives to the tune of the optimistic outlook of the general industry. Our targeted growth for Lebanon of 10% over 1992 was reached. Overall, having met both our targets and internal planning, we are satisfied with 1993.
2. With the situation in Lebanon, as it is, our office here did not have the same level of equipment and professional sophistication as in our other offices throughout the area. Our accomplishments included new management transferred from the Gulf, bringing along the expertise and disciplines now required in Lebanon, the staffing and installation of equipment in computer creativity as well as media, and the return to our enlarged offices in the Chalouhi Centre spanning 1,000 sq.m. on 3 floors.
1993 has also been for us the return of our head office to Beirut and especially, the resumption of our Lebanon office as a regional co-ordinating centre. In 1993 two of our international accounts were co-ordinated successfully out of Beirut and it is likely that this will be increased in 1994.
As a regional network, it is also worth mentioning the start in 1993 of the Saudia Airlines campaign on a world-wide basis.
(ArabAd)
1994 October 01
Corporations and Charities: Forming Strategic Alliances
Corporations and Charities: Forming Strategic Alliances
An ancient Chinese curse proposes for a favorite enemy: "May you live in interesting times." The wish suggests that "interesting...
An ancient Chinese curse proposes for a favorite enemy: "May you live in interesting times." The wish suggests that "interesting times" are periods of turbulence and change in which established businesses and individuals are brought under pressures which threaten to overthrow them. Such a malediction may now be operating against Lebanese business and its leaders, because they are surely experiencing interesting times, although few general managers would use this phrase to describe what they are going through.
We are in the opening phase of a social upheaval that will, if it runs its apparent course, radically change the character and performance of business organizations in our society. If this judgment is correct, the significant question facing general managers is not how to prevent change, but rather how to understand it, accommodate it, and bring constructive influences to bear upon it.
There is an implicit movement to change the unwritten social contract that has existed between private enterprises and Lebanese society. The social contract implicitly stipulates that business bear no responsibility for the general living conditions of the nation or in local communities.
The proposition that society is challenging business organizations and their managers with demands can be fairly described as revolutionary. There is a shift in the balance between economic progress and social progress, between the quantity of life and the quality of life. Consider some of the demands widely debated in recent months:
- refrain from or lessen price increases.
- invest in nonproductive equipment to minimize environmental contamination by eliminating, controlling, or cleaning discharges into the air and water.
- contribute generously to the support of charitable, educational, and artistic organizations and activities.
To debate this explosive issue and to explore ways in which profit organizations can respond to the "social responsibility" demands placed upon them by the society in which they operate, the General Manager Magazine invited leaders from profit and non-profit organizations to a roundtable discussion on how corporations and charitable organizations operating in Lebanon can work together to form strategic alliances and benefit from the shift in public attitude. Enlist Suppliers and Customers
The consumers who are reached by affinity-by-purpose marketing are not always motivated by lower prices, convenience, or gimmicks. They are becoming increasingly resistant to advertising. But very often they can be reached through an intangible value such as social responsibility. So companies with a promotional budget are looking for something "different," something beyond ads in the newspaper or a booth at the local trade show.
Thus, more and more, non-profits and corporations are joining strategic alliances to form cause-related marketing. It is a marriage of convenience that makes money for both the nonprofit and the for-profit. In the simplest form of this strategy, the for-profit advertises that it will contribute a specific amount or a percentage of each sale of its products in a certain period to the nonprofit. The corporation gets to connect itself to a good cause and motivate consumers to spend money.
The American Express Company is an outstanding pioneer in developing this concept. They are most famous for raising $1.7 million for the Statue of Liberty restoration, the campaign that increased usage of American Express cards by 28 percent and increased the number of customers by 17 percent.
Mr. Erwin Guerrovich, Chairman of Intermarkets Group, commented "in Saudi Arabia and the Gulf region, corporations are becoming more aware of the public relations impact of charity and environmental issues' programs. A large pharmaceutical company that had a virtual monopoly in the market, responded to a public demand to lower prices by formulating an integrated program of social welfare and community service. The program was highly visible in the press and on television and helped improve the tarnished image of the company in the eyes of the public."
In Lebanon, a recent example is that of "Bo Jeans company that launched an ad campaign to educate the public on the use of condoms." Mr. Francois Mourad, Marketing Manager of Ksara, continued: "Is the company concerned with public health? I don't think so. It is because they have a target group - teenagers - who are concerned with the issue. The company hopes that the target group identify with this message and believe this company is concerned with the problem and understands their worries. So they want to work with this company. But is the Lebanese consumer fed up with traditional advertising and open to this approach?"
Mr. Berge Daw, Marketing Manager of Bank of Beirut and the Arab Countries, believes "using social issues as a promotional tool is still not very effective in Lebanon. The public is still not responsive to this type of advertising. Recently, we embarked on a marketing research project at the bank. We sent questionnaires to our customers, and at the bottom we stated that if you respond to this questionnaire the bank will give L.P. 5000 to your favorite charity. Many of our customers phoned us and said that they prefer we charge their accounts with the amount."
Mr. Guerrovich added "when companies undertake charitable or environmental programs, it is for purely mercantile reasons. Either because of a tax break or as a public relations tool. Companies in ones, such as money or products.
Companies should specifically reward employees who engage in charitable activities. In one program, workers who contribute 16 hours of personal time per year in community services can take the Christmas week off with pay.
- Leverage your company's expertise: Companies can use their company's skills to enhance nonprofit operations. Can you help get computers up to speed? Design a marketing strategy? Do an energy audit? Local companies can lend their best brain in a field.
-Attract other companies: One of the simplest and cheapest thing you can do to make a difference is to be the first to take a stand on an issue, then involve others. One company persuaded 35 other companies to join it in building an elementary school in a low-income area. Assessing the Right Alliance
Most businesses want to support groups that benefit their employees, making it easier for them to make a profit or help build an image with customers or investors. So how can a company assessing the right charity to support? Ask the following questions:
- How will a charity's mission advance and logically connect to your corporate mission? Examples of "natural linkages" include preventative medicine and a health club chain; day care and a toy manufacturer; teen center and running shoes.
- Do your organization's interests and values match?
- How much money, products, services and/or time can your organization donate? What specific benefits can the charity provide? How will your support be acknowledged, promoted and publicized? Program ad space? Our name on their vans?
- Is the charity well-managed with clear objectives and guidelines? Who is on the board of directors? How visible is the charity in the community? To your organization's target group? Does it have universal appeal?
- Does the charity have a previous history of partnerships with corporations? Do we want to set up a partnership with a charity? The Payoff
Business has been defined and perceived as soulless for so long that when people get a chance to express a bit of caring through their company, they love it. By doing good, company owners can reap many benefits:
- The ability to attract and retain employees longer. The rank-and-file employees will be proud to work for a company that supports their causes. - Feel a more intense bond from their customers. Customers believe that what they put out in the world will come back to them.
- The good publicity that often arises from such programs. A social purpose injects humanity into the process of commerce.
- "Goodness by association."
- Supporting charities with snob appeal enables the company to show off for its best customers.
- Conversely, supporting projects for social causes not only puts money where it is needed the most, it can also alleviate charges of elitism or lack of social conscience.
- Company people can work with politicians and bureaucrats as peers involved in the same causes.
- Love. It can be lonely at the top.
- Money. Spending money in a targeted way with charities can increase sales, profits and customers.
So why are corporations and charities involved together? The attitudes and misperceptions of both groups of each other tended to inhibit the formation of an alliance. When nonprofits are asked "what comes to mind when we say corporations," the response usually is "only care about profits, arrogant,and untouchable." The corporate world responds with "poor management, always have their hands out, can't make it in the for-profit world and is unrealistic."
Each group speaks a different language and have seemingly different values. But they need each other desperately and need to open the communication lines that will lead to alliances.
(The General Manager Magazine)
1995 January 01
Guerrovich replies
Guerrovich replies
Erwin Guerrovich, Chairman and CEO of Intermarkets, made the following comments on Makdessi's interview in a letter to Arab Ad...
Erwin Guerrovich, Chairman and CEO of Intermarkets, made the following comments on Makdessi's interview in a letter to Arab Ad publisher Walid Azzi:
1. Although not the majority shareholder, I personally control well over 51% of our group and accordingly, the destinies of our companies.
2. Our by-laws stipulate that in case of disagreement on the share price, between existing shareholders, the share price is to be determined by an expert jointly appointed.
It is correct that our group, and shareholders individually, have offered to Mr. Hanna book value for his shares. Obviously, if Mr. Hanna is not in agreement, we shall go through the process as above indicated.
It is worthwhile however to clarify why we have offered book value. The reasons are:
-Through our so far 24 years of existence, Mr. Hanna has been active in the company only in 1971-1972 and again for another period in 1992-1994. He had no part in the regional growth of the group. As such, shareholders feel that in all fairness, Mr. Hanna should not ask for a market value share price since it is their sweat that built the company. Especially that Mr. Hanna interests are well taken care of.
His initial investment was well covered by dividends received. His limited initial investment having substantially grown at book value.
-In the late '70's, the Fattal organisation was our major shareholder. From the modest Lebanese ad agency of the early 70's, we have grown to a major corporation in less than 10 years, operating from our Bahrain HQ and ever expanding regional network. Mr. Bernard Fattal, with his legendary fair play inherited from his father, told us this: "You have built a major company outside of Lebanon and without our help.To our eyes, it is not fair that we be a shareholder and take the reward of your work as your business is a people business."
As a result of this superb stand, the Fattal shareholding was purchased at book value. Mr. Hanna as well as other shareholders, benefited from this attitude. Now that Mr. Hanna is in the seller position, we expect an equal sense of fairness.The above covers the major points related to us. However, for good order's sake, I would like to pinpoint a number of lesser important elements contained in the interview, that require correction.
-The indication of our group not having distributed dividends in the last 15 years is false.
-Mr. Hanna's shareholding is 36.6% not 42%.May I, dear Mr. Azzi, as an old corporate man and past consultant to many boardroom cases, complete this "mise au point" with my personal views.
-I believe this whole matter is a publicity stunt. Team is eager to get a WASP image (and I am certainly glad that a student of ours is aiming at leading the agency in this direction). And what best than being associated to the pioneer and most prestigious name in Middle East advertising. I cannot possibly think that Mr. Makdessi is serious.
-In the equity buying game, the basic rule is to have one's facts right. I cannot really believe that Mr. Makdessi is so naive as not to know this basic rule. It reminds me that at the starting point of his agency, Maurice Saatchi wrote to J. Walter Thompson offering to buy. He had neither the means nor the intention... but it gave him a lot of mileage in free publicity.In the case here, it does look like a publicity stunt... or could it be that Mr. Hanna took Mr. Makdessi for a ride?
Let us be serious! Conclusions of this saga, "tempete dans un verre d'eau", are:
-Mr. Hanna has declared intent to sell his shares, on which there is no turning back. Once the price agreed (either through mutual undemanding or by experts as stipulated in our by-laws), the group, and individual shareholders, will purchase Mr. Hanna's shares.
-Our group has always kept an open eye on opportunities, mergers and acquisitions. If Mr. Makdessi sees a fit with us, it is possible that he has a rationale unknown to us, as we are not familiar with his agency. If he indeed has an interesting one, we would duly consider it and positively consider absorbing his agency in our group.
(ArabAd)
Intermarkets has announced a further expansion of its regional network by starting operations in Yemen, becoming the first regional advertising agency to enter the growing Yemeni market.
Intermarkets Yemen/Mass Advertising is the result of a management agreement signed recently in Taiz between Abdul Gabbar Hayel Saeed, Executive Director of the Hayel Saeed Anam Group of Companies, and Erwin Guerrovich, Chairman of the Intermarkets Group. Mass Advertising, a subsidiary of the Hayel Saeed Anam Group of Companies (HSA), the single largest industrial, commercial, and agricultural conglomerate in Yemen, is one of the leading advertising agencies in Yemen with its own full-scale outdoor signs workshops, a silk-screen printing facility and a fully-equipped video production studio.
(ArabAd)
1995 May 10
Bruxelles: Pourquoi l'Europe soutient-elle le Liban?
Bruxelles: Pourquoi l'Europe soutient-elle le Liban?
Elected members, Said Sabbagha, Erwin Guerrovich, Ramsay Najjar and Gaby HayekAlex Slim declined running again Philippe Skaff, another winner Tilda Ghosn of Gemini casting her voteSix new members were elected last month to the board of directors of the Syndicate of Advertising Agencies, including Said Sabbagha, who was re-elected as president of the Syndicate. Ten candidates ran for the election, but Andre Rizk, CEO of Rizk Advertising and Associates, withdrew from the race leaving nine candidates who got the following results: Said Sabbagha (48 votes), Erwin Guerrovich (46), Nouhad Beyhum (42), Ramsay Najjar (40), Gaby Hayek (34), Philippe Skaff (30), Wadih Rizk (19), Jihad Abu Jaoudeh (13) and Jamal Unlucky candidates from left, Jihad abu Jaoudeh, Jamal Hermez and Wadih Rizk
(ArabAd)
1996 January 01
Tales of war and peace
Tales of war and peace
Intermarkets founder, chairman and CEO Erwin Guerrovich gave Karen Thomas a progress report on how Lebanon's reconstruction is effecting agencies...
Intermarkets founder, chairman and CEO Erwin Guerrovich gave Karen Thomas a progress report on how Lebanon's reconstruction is effecting agencies and the media.
Israel's bombardment of southern Lebanon and Likud's subsequent election victory have hit Lebanese business confidence hard. Despite these setbacks, the international business community has kept faith in the reconstruction process and in Lebanon's ability to pay back its debts.
However, after 17 years of war, Lebanon has learned to function on psychological rather than economic factors says Intermarkets chairman and CEO Erwin Guerrovich.
Israeli raids on southern Lebanon led to a crisis in consumer confidence during the critical spring peak of March-June, he told GMR in an exclusive interview in Beirut.
Lebanese advertising expenditure fell dramatically after the south was evacuated and consumer confidence slumped to its lowest ebb in years. Agencies will not start to recoup their losses until the second annual peak from October to December, if then, Guerrovich said.
"When there are a few months of calm on the political front, the Lebanese start to become over-excited consumers," Guerrovich said. "But when something like the crisis in the south happens, you suddenly get a situation where the Lebanese immediately go back to war psychology where money is better in pockets, rather than being spent."
"The first period of the year was hit hard and the result is that it will pick up again, if it does pick up, in October." Guerrovich likens Lebanon in 1996 to Saudi Arabia in the early oil-booming Seventies, awash with huge infrastructure contracts and over-run with building sites, but lacking an affluent, spendthrift middle class.
Crucially, though, Lebanon lacks oil. What it does have is growing inward investment from the far-flung Lebanese diaspora, a vote of confidence from international financiers and a wealth of local talent waiting to return from overseas.
It lacks a heavy industrial base, but new service-based industries are showing signs of growth.
Lebanon is emerging as a major production centre for 35mm films and commercials, Guerrovich says. Production houses are springing up to take advantage of the republic's ample supply of talent so that more commercials are being produced locally, rather than in Europe.
"More and more companies are making their commercials here, because they find that our quality compared to price is very interesting," Guerrovich says. "Now, agencies in the Gulf are doing their production work in Lebanon - and not just the ones with Lebanese managers, but the expatriate agencies as well."
Middle Eastern advertising first took root in Lebanon and Guerrovich set up one of its first agencies. He founded Middle East Marketing and Advertising Services (MEMAS) in the early 1960s.
After steady growth and several strategic mergers, MEMAS spawned Intermarkets. Today the organisation handles both advertising and public relations and has branches in Saudi Arabia, Kuwait, Bahrain, the UAE, Jordan, Syria and Yemen.
Today, Intermarkets' regional stable of advertising and PR clients includes Lancome, Polaroid, Visa International, Singapore Airlines, Lufthansa, Unilever Gulf, Grundig and Tag Heuer.
Agencies' other preoccupation is the restructuring of Lebanon's media.
"There has been a war in this country between the television stations which represent the bulk of advertising expenditure and this war has led all the television stations to have super conditions officially on the rate card for clients," Guerrovich says.
Lebanon's media shake-up is not the only change on the horizon. The signs are that advertising agencies and their clients will also have to adapt to the new, more commercial environment, Guerrovich predicts.
All the signs are that these changes have already started. Earlier this year, the country's largest agencies set up a syndicate to promote greater transparency in their dealings with the media.
Traditionally, multinational companies have relied on local agents to buy airtime. Those agents have spread their bookings between a large number of channels, often going through small advertising agencies whose lower overheads could easily undercut their larger rivals.
In a future with fewer channels, Lebanese agencies want to bypass the agent and approach the client directly. Clients will have to work with larger, more professional agencies to buy airtime more effectively, Guerrovich hopes.
"Today, we have a situation where the leading agencies are strongly structured and offer more professionalism than the market needs. And the market is not following with the development of ad volumes and the mentality of the clients," Guerrovich says.
With these kinds of imbalances, the Lebanese advertising industry will have to brace itself for further restructuring, mergers and closures. And as the biggest agencies club together, small agencies with narrow margins will bear the brunt of these changes.
(ArabAd)
1996 March 12
Speakers' biographies
Speakers' biographies
Following are the biographies of speakers not included in The Innovators Magazine.
Erwin Guerrovich
Chairman and CEO of Intermarkets Group, Beirut, which...
Following are the biographies of speakers not included in The Innovators Magazine. Erwin Guerrovich
Chairman and CEO of Intermarkets Group, Beirut, which he founded in 1961 as Middle East Marketing and Advertising Services. The Group name became Intermarkets as the result of a merger in 1971. After studies in England, Erwin joined a Lebanese trading company as advertising manager in 1960 before striking out on his own. Intermarkets was the first ME agency to develop a regional presence, with its first Gulf office opening in Kuwait in 1968. Bahrain followed in 1973, then the head office relocated to Bahrain for three years 1975-78 after the outbreak of the Lebanese Civil War. Egypt office opened in 1976, Dubai also in 1976, Saudi Arabia in 1978 and Jordan in 1980. A European base was established in London in 1982 and the group has recently added Syria (1994) and Yemen (1995). Edmond I Moutran
President and Chief Executive, Middle East Marketing and Communications - MEMAC - a group of full service agencies which he founded in 1982. Eddie began his career with Intermarkets in Beirut in 1972, having graduated in the USA, and after one year moved to develop an office in Bahrain, facing the emerging challenge of media development in the Gulf Slates. He became general manager, Intermarkets Bahrain, and regional manager, Gulf, adding in 1979 the role of bureau chief for Intermarket's PR associate, Burson Marsteller. In 1981 he was given the opportunity to set up his own agency, resulting in the founding of MEMAC in February 1982. From one client and a staff of four he has built MEMAC into a substantial network of wholly owned and associate agencies.
(The Innovators Magazine)
1997 January 01
Ailmia Intermarkets
Ailmia Intermarkets
The launch of Ailmia Intermarkets Public Relations was announced in Riyadh by His Highness Prince Bandar bin Saud bin Khaled...
The launch of Ailmia Intermarkets Public Relations was announced in Riyadh by His Highness Prince Bandar bin Saud bin Khaled Al Saud Chairman of the board, Mr Robert Leaf a delegate of Burston-Marsteller and Mr Erwin Guerrovich Chairman of the Intermarkets Group. Ailamia Intermarkets joins Corporate Communications in Beirut and Intermarkets Public Relations in Dubai as the third Intermarkets public relations group.
Mr Robert Leaf, Prince Bandar bin Saud bin Khaled Al Saud
with Mr Erwin Guerrovich
A new communications agency, Ailamia Intermarkets, has been launched in Saudi Arabia.
The company is a 51/49 joint venture between Ailamia, a Saudi company owned equally by the King Faisal Foundation, ARA Croup International; Syahya, the national company for tourism, and the Saudi Hotels and Resorts Group and Intermarkets Public Relations. The company will offer clients public relations, marketing, research, promotion and direct marketing.
Ailamia Intermarkets is an exclusive affiliate of Burson-Marsteller, who took an active role in establishing the joint venture.
The Chief Operating Officer is Mike Verligans (38), a former UK Government Information Officer with added experience in banking and the PR Consultancy business.
(ArabAd)
Founder of MEMAS (Mid-East Marketing & Advertising Services) in Lebanon, in 1961, Erwin pioneered the regional development of advertising in the Arab peninsula area by opening his first office in Kuwait, in 1968. He merged a number of advertising agencies together with MEMAS to form Intermarkets in 1971. He became chairman of the Board and CEO since then. Intermarkets is one of the leading communication groups in the Middle East, with offices in all key markets; and has developed public relations services in affiliation with Burson-Marsteller, and marketing relationship services with Tequila/Option One.
Guerrovich is a founding member of the Lebanon Chapter of the IAA, twice president of the chapter and a former director in the world-wide IAA board. Currently he is vice-president of the Syndicate of Lebanese Advertising Agencies. He chairs or participates in various committees working on the ethics and advancement of advertising standards in the Middle East region.
(ArabAd)
1998 January 08
Intermarkets get's up close and personal
Intermarkets get's up close and personal
Intermarkets Advertising successfully held its second private airshow from the roof of its offices in Dubai.
Over 200 clients and friends...
Intermarkets Advertising successfully held its second private airshow from the roof of its offices in Dubai.
Over 200 clients and friends joined the Intermarkets team over the four days of the Duhai Airshow and enjoyed their own private view of the exciting air displays.
This year's hospitality theme was traditionally Arab with a Bedouin lent. Intermarkets served their guests the traditional cuisine including a buffet of cold delicacies, a Shawarma stand and Sheesha.
Ramzi Raad, Executive Vice President of the Intermarkets Group was on hand to greet guests as they arrived, alongside the Agency's team from the Dubai office. Visiting from Beirut, Erwin Guerrovich, the Group's Chairman, and Khalil Bitar, Senior Vice President - Finance and Administration, also joined in welcoming the guests.
(ArabAd)
1998 May 01
History of the Lebanese Chapter
History of the Lebanese Chapter
The Lebanon Chapter of the IAA, the first in the Arab world, was founded in 1961 by Mounir Takchi, who...
The Lebanon Chapter of the IAA, the first in the Arab world, was founded in 1961 by Mounir Takchi, who at the time was director of Advision. The founding committee started immediately recruiting members and organised a number of functions to promote the industry. Presidents of the Executive Committee:
Mounir Takchi - 1961
Fouad Pharaon - 1963
Samir Fares - 1965
Jean Rizk - 1969
Roby Arab - 1974
Erwin Guerrovich - 1976
Camille Menassah - 1980
Mustapha Assad - 1984
Jean Claude Boulos - 1986, 1991, 1993
Walid Azzi - 1988
Ramsay Najjar - 1995
Ibrahim Tabet - 1997
(ArabAd)
Dear Sir,
Owing to being largely on travel in the past weeks, it is only now that I have seen the feature on Bahrain advertising in the January issued of ArabAd.
As one of the key pioneers of Middle East advertising and first-hand witness, allow me to add some elements - especially that Intermarkets is mentioned in a context that needs to be historically clarified.
As MEMAS (Mid-East Marketing & Advertising Services), prior to the merger with Hima in 1971 to form Intermarkets, we opened our first Middle East office in Kuwait in 1968, thus starting the advertising pioneering of the area.
At that time, Kuwait was the leading sophisticated business centre and Bahrain, the relaxed lifestyle hub. We opened our second office in Bahrain in I973.
Our regional coordinator in charge of Middle East development was then Nabil Nahas. He is the one that organised our basic structure in this market and led Edmond Moutran's first steps. Edmund Moutran had freshly joined our Beirut headquarter with a view of managing our Bahrain office. From 1971 to 1975 Edmond contributed greatly to servicing clients on the UAE and Saudi Arabia together with Ramzi Raad.
In 1975 due to the continuous insecurity in Lebanon, we decided to transfer our Corporate Headquarter from Beirut lo Bahrain. As Vice-President on International, in charge of coordinating regional accounts, Samir Fares moved to Bahrain as avant-garde, followed a few weeks later by over 30 staff and senior management.
Al that lime, I recall that on my arrival to Bahrain, Edmund and I were invited to a meeting at the Ministry of Information. "The government of Bahrain," said our interlocutor, "welcomes new and big companies. We trust that with your bigger means you will not fight our local agencies." Our answer was that our vocation was to service our international clients and bung our modest know-how to develop advertising standards.
We have kept our promise, not only in Kuwait and Bahrain, but throughout in Dubai and Saudi Arabia, that were the next links in the Intermarkets Gulf area network.
Best regards,
Erwin Guerrovich
Chairman Emeritus
Intermarkets Group