Thursday, July 22, 2021

Tokyo Olympics' economic losses will be 'enormous,' says Suntory CEO

Olympic sponsors have been left frustrated at the absence of spectators at the majority of Olympic events. Not only do they risk losing their returns on investment and high-profile tickets for the events for their executives and clients, some have expressed fears of a consumer backlash. Japanese companies had paid a record $3 billion dollars to sponsor the Games -- and many had paid out extra to extend contracts after the Games were postponed beyond 2020. CNN's Selina Wang speaks exclusively with Olympic sponsors and the CEO of Suntory, one of Japan's biggest beverage makers, who says the Games are losing their commercial value.
from https://ift.tt/3xVvhZz

No comments:

Post a Comment

Multiple bomb and arson attacks rock southern Thailand

Explosions and fires ripped through at least 17 locations in southern Thailand on Wednesday, authorities said, in what appeared to be multip...