TBWA International moved into Asia with the purchase of majority stakes in agencies in Hong Kong and Singapore. Lee Davis agency in Hong Kong will become TBWA Lee Davis with branch offices in four mainland China cities. And Singapore-based Fong Haque & Soh is to be renamed TBWA Fong Haque & Soh.
At the same time, the network has announced the opening of an office in Brazil, Latin America's largest market, formed from the merger of two existing agencies. Graciotti Publicidade and Schonburg/Navarro Asociados will merge to form Sao Paulo-based TBWA, in which TBWA International will own a majority stake.
