Thursday, November 21, 2013

Piccadilly Circus and globalisation

http://www.economist.com/node/18806149

For the past century, the glittery displays have reflected shifts in international influence in business and beyond. British and European brands predominated until after the second world war: Perrier, a French drinks firm, was the first to spell its name in lights; Guinness, Bovril and Schweppes, three other beverage-makers, were also early presences. Yet the London landmark has not hosted a British company for nearly 40 years.

By the 1960s Americans were well established: Coca-Cola has been adding life to the lights since 1955; other American torchbearers have included Budweiser and McDonald's. As Asian companies began to conquer global markets in the 1970s, so Japanese businesses started to colonise the Piccadilly boards. Canon led, followed by Fuji and TDK. The South Koreans came next. The illuminations in New York's Times Square, which feature multiple American brands and also advertise shows, are comparatively parochial.