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– Omnicom, Hakuhodo Form G1 Unit
LOS ANGELES–Omnicom Group and Hakuhodo have formed G1, a joint venture to handle the estimated $600 million global Nissan Motor Corp. business, according to sources. The 50-50 joint venture is owned by Hakuhodo, the second largest ad agency in Japan, and TBWA Worldwide, a unit of the world’s largest ad agency group. G1, which stands for Global One, will establish regional subsidiaries in Japan, the U.S. and Europe, sources said.

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