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WPP in Talks to Acquire HHCL in London

NEW YORK—WPP is in “serious negotiations” to buy London shop Howell Henry Chaldecott Lury, sources said. WPP chairman Sir Martin Sorrell already owns a 15 percent stake in the agency’s parent, Chime Communications, and may add HHCL to the Red Cell network, sources said. HHCL is lead agency in Europe for Chevron/Texaco, whose U.S. account is in review. Contenders include BBDO and Bates Southwest, both Houston, and McCann-Erickson and Young & Rubicam, both San Francisco.

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