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Does Publicis M&A chatter show holding companies are undervalued? | Advertising

When Campaign revealed on 8 January that Publicis Groupe had talked to a private equity investor about a possible sale or transaction, the share price briefly shot up more than 7% to a 15-month high of €46. Campaign reported the talks had taken place as recently as December 2020 and pointed to CVC, a major European private equity firm, as a potential suitor but made clear that no formal discussions or negotiations are under way. Publicis Groupe had declined to comment to Campaign ahead of...
Martin Sorrell Ian Whittaker Warren Buffett Goldman Sachs Lorna Tilbian Arthur Sadoun

Agency holding groups could be the next arbitrage target for PE investors

Specifically, the agency holding groups.  Publicis may have denied a report from Campaign that it has held talks with a private equity investor about a possible deal but conversations like this are par for the course right now.  “These conversations are an ordinary course of business for big companies that find themselves in the positions the holding groups do now,” said Jim Houghton, partner at M&A advisors Waypoint. They may be hulking, legacy businesses, but the agency holding groups r...
Jim Houghton Sarah Simon Claude Zdanow Mark Read Barry Dudley Agency Ceos

McCann global creative chairman Rob Reilly joins WPP as global chief creative officer

January 15 2021, 9:41 am | BY Ricki Green | 1 Comment WPP has today announced the appointment of Rob Reilly as global chief creative officer. Reilly – who is currently global creative chairman of McCann Worldgroup – will join WPP in May, reporting to CEO Mark Read.   In partnership with Read, and the CEOs and chief creative officers of WPP’s agencies, Reilly will champion creativity within and beyond the company, fostering a culture that delivers extraordinary work to WPP’s clie...
Crispin Porter Rob Reilly Mark Read Mccann Worldgroup Club For Creativity Board Facebook Global Client Council

McCann's Rob Reilly to become global chief creative officer at WPP

January 15, 2021 10:25 McCann Worldgroup’s global creative chairman, Rob Reilly, is making the move to WPP to take up the role of global chief creative officer. Reilly, who will report directly into CEO Mark Read, will be focused on championing creativity throughout the holding group and working with the chief creative officers of each agency to foster a culture that will attract and nurture diverse creative talent. Reilly enters the role almost 12 months after it was announced John O’Kee...
Crispin Porter John Okeeffe Zoe Wilkinson Rob Reilly Mark Read Mccann Worldgroup

WPP Appoints Rob Reilly as Global Chief Creative Officer

WPP Appoints Rob Reilly as Global Chief Creative Officer and transformative work for clients WPP (NYSE: WPP) today announces the appointment of Rob Reilly as Global Chief Creative Officer. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210114005576/en/ Rob Reilly (Photo: Business Wire) Rob who is currently Global Creative Chairman of McCann Worldgroup will join WPP in May, reporting to CEO Mark Read. In partnership with Mark, and the...
Rob Reilly Crispin Porter Bogusky Mark Read Mccann Worldgroup Martina Suess Club For Creativity Board

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How WPP's Move to Digital Could Boost the Ad Agency's Stock

Order Reprints Print Article Covid-19 has accelerated a move by clients to digital platforms, which will be a strength for WPP and its stock. Benjamin Fathers/AFP/Getty Images Text size The world’s largest advertising agency, WPP, is seen as a bellwether for the economic health of different sectors because marketing budgets tend to be axed first in tough times—and dusted off first when things pick up. The company, which counts Ford Motor and L’Oréal as...
United Kingdom United Kingdom General City Of Lisa Yang Martin Sorrell Julien Roch

Worthing Theatres hit crowdfunding target

Worthings Connaught Theatre In just over seven weeks more than 300 donors contributed to achieving the target for the Save Worthing Theatres and Museum initiative as part of the Theatres Trust nationwide #SaveOurTheatres campaign. Amanda O’Reilly, CEO, Worthing Theatres and Museum, said: “The national campaign was designed to raise valuable funds to support theatres throughout the country. “Worthing Theatres and Museum was one of the most recent to sign up for the scheme and set itself a...
Worthing Connaught Vikki Stone Ian Waite Chesney Hawkes Amanda Oreilly Patrick Monahan

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