First-ever Joint TOP Partnership Agreement
Chinese dairy company Mengniu joins the family of Worldwide TOP Partners
The International Olympic Committee (IOC), The
The new joint agreement has a 12-year term running through to the Olympic Games 2032. The agreement includes unprecedented investment in traditional and digital media to promote the Olympic values globally.
This agreement extends The
Mengniu becomes the first Chinese fast-moving consumer goods company to become a TOP Partner. The Joint TOP partnership supports Mengniu’s ambitious international growth plans, with the company aiming to become one of the top dairy producers in the world by 2025.
IOC President Thomas Bach said: “This long-term agreement is another demonstration of the relevance and stability of the Olympic Games in these times of uncertainty. Having our longest-standing partner,
James Quincey, Chairman and CEO of The
Jeffrey Lu, CEO and Executive Director of Mengniu, said: “Membership of the TOP Programme will act as a catalyst for Mengniu to grow around the world. This is a vital step in our international strategy, and we are honoured to have the opportunity to build the positive reputation of Chinese food and beverage brands among consumers globally. As a Worldwide TOP Partner, we look forward to using the unrivalled platform of the Olympic Games to promote health and joy to Olympians and fans alike.”
Worldwide Olympic Partners support every National Olympic Committee and their teams, and every Organiser of the Olympic Games, as well as providing support for athletes’ training and development. In addition, they promote the ideals and values of the Olympic Movement and help create memorable experiences for spectators and fans around the world.
The Joint TOP agreement also includes marketing rights for the International Paralympic Committee (IPC) and the Paralympic Games through the IOC-IPC long-term collaboration agreement, as well as for the Youth Olympic Games.
Olympic marketing programmes are based on the fundamental principle of exclusivity within a specific product category and territory. The current Beijing 2022 domestic partner’s exclusive rights in its designated category in the Chinese market will not be affected.
Jiri Kejval, IOC Marketing Commission Chair, said: “We are very excited to continue our relationship with our long-standing Partner
Bea Perez, Chief Public Affairs, Communications, Sustainability and Marketing Assets Officer for The
Yong Zhang, Vice-President of Strategy at Mengniu, added: “The Olympic Movement and Mengniu are naturally aligned. We both aim to bring health and joy to people, and Mengniu’s brand advocates ‘Born for Greatness’ – another natural fit with the Olympic values. Mengniu reaches hundreds of millions of consumers worldwide and will encourage more people to follow and participate in the Olympic Movement, while also contributing ‘China’s strength’ to the global development of the Olympic cause and successful hosting of future Olympic Games.”
About the IOC
The International Olympic Committee is a not-for-profit independent international organisation made up of volunteers, which is committed to building a better world through sport. It redistributes more than 90 per cent of its income to the wider sporting movement, which means that every day the equivalent of 3.4 million US dollars goes to help athletes and sports organisations at all levels around the world.
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About Mengniu Dairy Company
Founded in 1999, China Mengniu Dairy Company Limited (HK2319) went public on the Hong Kong Stock Exchange in 2004. It was rated the No.1 dairy constituent stock by the Hang Seng Index in 2014. Mengniu has an international shareholding structure, with COFCO, China’s biggest grain and oil company, being the largest strategic shareholder, Danone (France) the second, and Arla Foods (Denmark) the third. Mengniu Dairy Group ranked as the 10th largest dairy company globally in 2017. As China’s leading dairy manufacturer, Mengniu focuses on producing dairy products that are customised for Chinese consumers. Twenty years of experience in the market has enabled Mengniu to develop a diversified product matrix, including liquid milk, ice cream, milk powder, dairy drinks and cheese. It has also successfully built multiple star brands such as Milk Deluxe, Just Yoghurt, YoyiC, Champion, Fruit Milk and Future Star.
Mengniu now owns 38 production bases in China, one in New Zealand and one in Indonesia. In total, the company is capable of producing over nine million tons of products annually. In 2018, Mengniu achieved over USD 10 billion in revenue and took up the largest market share in premium UHT milk and cold-chain yoghurt categories. Mengniu’s products are exported to countries and regions such as Singapore, Indonesia, the Philippines, Malaysia, Myanmar, Australia, Canada, Hong Kong and Macau. Learn more about Mengniu at www.mengniu.com.cn and www.mengniuir.com and follow Mengniu on Weibo.
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