Havas reported another year of strong organic growth under global chief Yannick Bolloré, who took over the Paris-based holding company two years ago. Havas said 2015 organic growth rose 5.1 percent for the second year in a row, up from flat growth in 2013 under previous ma
Agency Holding Companies
Interpublic is creating a new agency group led by McCann Worldgroup and IPG Mediabrands to work for LATAM Airlines, which is now the largest airline group in Latin America after the consolidation of the LAN and TAM airlines.
Publicis Groupe continues to reap the benefits of the strengthening dollar and pound sterling, announcing that second-quarter revenue rose 39 percent to $2.7 billion.
Sir Martin Sorrell, the WPP chief, has called Iran the last great, untapped market for growing his business.
Omnicom, hit by foreign exchange rates, said second-quarter revenue declined 1.7 percent to $3.8 billion. The continuing strength of the U.S. dollar drove revenue down by 7.1 percent or $275 million.
Publicis Groupe chief Maurice Lévy earned a modest $3.1 million in compensation last year, a pittance compared with his peers.
Tamara Ingram, the chief of WPP's Team P&G group, has been promoted to a new post at the English holding company, becoming chief client team officer with oversight of all of WPP's global accounts.
The ad industry's largest holding company said its first-quarter profits for 2015 are "well above target" but admitted, "2015 looks to be another demanding year."
Three holding company teams have advanced in Sears Holdings Corp.'s marketing services review. Agency teams from Havas, Publicis Groupe and Interpublic Group made the cut and will be briefed further this week, according to sources. The review encompasses sister brands Sears and Kmart, which collectively spend $560 million in media annually.