Stuck in the Middle: Havas Set to Retrench

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Latest restructuring coincides with poor first-half earnings report

Havas’ latest round of restructuring signaled it has abandoned hopes of parlaying Arnold as a second global network and is resigned for now to remaining a midlevel player among the global holding companies.

The news last Thursday that the French holding company is streamlining its operations and reinforcing Euro RSCG Worldwide as its flagship network coincided with the release of poor second-quarter results. In contrast, Omnicom numbers a day earlier hinted at signs of an industry recovery.



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