Last year InvestBA wrote that BA had become A Runner’s Paradise. This year the sport has exploded with bigger races, better courses, more sponsors and, most importantly, runners. A lot more. Clari­n says the “Boom de Carreras” is drawing 20% more participants than last year while female participation has grown 50% over the past decade. The sport’s beauty is its simplicity.

“You don’t need fancy gear or expertise or money,” writes Clarin’s Jimena Olazar, “so there are no excuses for not joining this new phenomenon.” Seasoned runners and would-be corredores in Buenos Aires also have a great support network from the local Club de Corredores to Runnin’ Magazine with 5,000 Facebook friends to the City of Buenos Aires herself which offers Buenos Aires Corre, free running education and training in five locations throughout Capital Federal.

Running teams, both informal and corporate-sponsored, are also growing at a phenomenal rate: 600% since 2001. And the payoff for all that training? Huge weekend races that feel more like a fiesta than a carrera. Part road race, part rock concert, part love parade with thousands donning the requisite race shirt, Buenos Aires road races are spectacular.

Nike’s annual 10K is probably the best example, and this year’s We Run Buenos Aires did not disappoint. Following a panoramic packet pick-up on the 20th floor of Madero Harbour last Friday, the streets were bathed in a sea of swooshes on Saturday, and Nike further solidified its reputation as the brand most synonymous with running in Argentina. With Nike Running Teams now stretching from Buenos Aires to Rosario to Cordoba to Mendoza, Argentina’s passion for running knows no bounds. Hence the tagline, Corre Sin Limites.

For more information about Buenos Aires events, download the latest issue of InvestBA Privada.

Tortugas Open Mall

Pegasus Capital brings the Lifestyle Shopping Concept to BA with the $120MM Tortugas Mall.

Latin America’s largest mall opened yesterday in Pilar, just outside Buenos Aires. Tortugas Open Mall, which is described as a Lifestyle Center, is Argentina’s first mall to incorporate shopping, entertainment, and health and beauty services. The massive 1.6 million square foot mall includes more than 160 boutiques, department stores, a food court, an eight-screen Cinemark and a fitness center.

Developed with a $120 million investment by Pegasus Capital; one of Argentina’s leading P/E firms and the driving force behind Farmacity, Freddo and Musimundo; Tortugas Open Mall is characterized by its open architectural plan, green spaces and water features. TOM retailers include Falabella, Cinemark, Sportclub, Zara,  Nike, Rapsodia, Levis, Prune, Adidas (2 locations), Ayres, Giesso, Puma, Grimoldi, Mimo & Co., Lacoste, Wanama, Kosiuko, Maria Cher, Kevingston, Audi, Winery, Morph, Loccitane, Paula Cahen D’anvers, and Samsonite. In 2012, a Swiss Medical Group clinic and a number of hotels will be added to the long list of offerings at Tortugas. (Full Story in Spanish)

For more on real estate development and investment opportunities in Argentina, search our archives and download the new issue of InvestBA Privada.

Argentina Futbol Miracle

With 7-1 odds of winning it all, Argentina's sponsors are hoping for a miracle in South Africa.

Being an Official Sponsor of the Argentine national team has its highs and lows. Just ask The Coca-Cola Company. The Atlanta-based soft drink maker’s corporate logos were visible everywhere at the Estadio Monumental that October night when Martin Palermo scored the miracle goal against Peru in the rain.

A Shawshank moment and dream publicity to be sure. Thirty minutes later in the post-game press conference, head coach Diego Maradona sat at the dais covered with strategically-placed Coke bottles and cordially invited his media critics to give him oral pleasure.

It’s that combination of on and off-the-field unpredictability that raises the stakes for the corporate sponsors going to battle alongside Argentina and the 31 other teams in South Africa. Wharton gives an excellent overview today titled, Why and How Brands Hope to Score at the FIFA World Cup. The hierarchy of World Cup sponsors is explained in detail as are the number of clothing companies vying for team sponsorships “to raise consumption and sales at an exponential rate.”

As always, Argentina suits up with Adidas, while Nike is betting the farm on Brazil and eight other teams. Meanwhile U.S. advertisers will probably get more coverage than the U.S. team: Continental Airlines, McDonalds and Budweiser will collectively invest over US$60 million between now an 2014. In the end, Wharton says, those brands that are most successful are the ones that generate “an emotional connection between the sponsored team, the public and the brand.” For our money, it’s hard to top Argentina beer sponsor Quilmes. Talk about emotional bang for your peso. (YouTube Video)

Pecsi Billboard in Buenos Aires

Have a Pecsi: BBDO Argentina tweaked the venerable brand to suit local market tongues and tastes.

The 1985 New Coke launch taught soft drink makers and marketers the risks inherent in tampering with the real thing. Amazing then, that PepsiCo green-lighted a Buenos Aires ad agency’s proposal last year to actually change the name of their world-famous brand.

The idea? Like Nike and Levi’s, Pepsi is one of those U.S. brand names that often proves problematic for native Spanish speakers. In Argentina, the pronunciation usually sounds more like “Pecsi,” so the creative minds at BBDO Argentina reasoned, why not change the name to suit local tongues and tastes? The gamble paid off.

The “Pecsi” campaign, which brought the brand closer to Argentine consumers, was just awarded the Grand Prize at the Wave Festival, the most competitive showcase of Latin American advertising creativity. Another top prize went to Argentina’s Del Campo Nazca Saatchi & Saatchi for their successful Chocolatometer campaign for Cadbury. The creative spots feature a chocolate meter mirroring female emotional reactions to romantic situations.

While positive stimulation raises the chocolate bar repeatedly, a George Costanza-like gaffe on the part of the male ultimately leaves the Chocolatometer empty. The tagline: A Man Will Never Be As Good As A Whole Cadbury. Perhaps another sign of global ad spend recovery, AdAge says there were 40% more entries at this year’s Wave Festival which just wrapped up in Rio. (Full article)

For more information about The Creative Class in Buenos Aires, visit our archives and download the new issue of InvestBA Privada.

Starbucks Argentina on Facebook

Companies like Starbucks Argentina are taking the bold first steps in BA business social media.

While Facebook, Twitter and corporate blogs are de riguer social media tools for U.S. brands, the phenomenon is a relatively nascent one in Argentina according to an in-depth article by Florencia Radici for Cronista.

It’s hard to pinpoint whether the Web 2.0 reluctance is motivated by fear of losing control of the message or the heavily flawed assumption that what they, Empresa X, have to say is more important than what consumers of Empresa X have to say and share with fellow users and potential Empresa X converts.

Yet major Argentine brands with hundreds of outlets and millions of customers either have no social media exposure or only a handful of followers on sites like Twitter. In fact, Argentina doesn’t even show up in Twitter’s global ranking on Alexa, while other Latin American countries account for a sizable percentage of the microblog’s traffic: Brazil (3.2%), Mexico (1.5%) and Venezuela (0.7%…thanks to El Loco Chavez, the Ashton Kutcher of Caracas.)

Fortunately Radici says some BA companies are biting the social bala and engaging with customers via blogs and social networks. Many of these companies like Starbucks Argentina, Officenet Staples and IBM have U.S. ties and managers previously baptized in the waters of social media.

Despite a slow start, Radici says BA companies are starting to warm to the idea of online customer engagement, and she points to two recent examples of BA2.0 brilliance include Nike runners twittering in the October 10K and Park Hyatt guests twittering with the concierge. (Full story in Spanish)

 

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