The Wall Street Journal is reporting Michael Roth’s strategy for growth in China.
The chairman of Interpublic Group of Cos. said the advertising and marketing-services firm is working to expand in China by cultivating more local clients in addition to the multinational customers it serves in the market.
“The untapped opportunity is with local clients and, eventually, with local clients trying to be global,” Interpublic Chairman and Chief Executive Michael Roth said. “This is a very important market for us.”
New York-based Interpublic, which is the parent company of ad agencies McCann Erickson Worldwide and Draftfcb, among others, now reaps 9% to 10% of its world-wide revenue from Asia, and Mr. Roth said he expects the business to continue growing.