Merger between APL and Lowe imminent

Senior sources are hinting that Interpublic is on the brink of merging its two agency networks Ammirati Puris Lintas and the Lowe Group

Interpublic was on the brink of merging its two agency networks Ammirati Puris Lintas and the Lowe Group as Marketing Week went to press.

A highly-placed source at Lowe & Partners in New York says: “It’s important to stay on top of it. I think it’s important to watch for an announcement.”

Top executives at Interpublic held a board meeting this week where the merger was thought to be under discussion.

It is expected that Frank Lowe, chairman and founder of the Lowe Group, will take a leading position in the merged advertising giant.

But Phil Geier, chairman and chief executive of IPG, said: “The only thing that will come out tomorrow {Wednesday} will be the earnings – and you can quote me.” IPG was to report its third-quarter earnings this week.

Martin Puris, aged 60, one of the founders of Ammirati Puris Lintas Worldwide, is understood to be close to leaving the agency he has lead for 25 years (MW last week).

Latest from Marketing Week

NOT REGISTERED? IT'S FREE, QUICK AND EASY!

Access Marketing Week’s wealth of insight, analysis and opinion that will help you do your job better.

Register and receive the best content from the only UK title 100% dedicated to serving marketers' needs.

We’ll ask you just a few questions about what you do and where you work. The more we know about our visitors, the better and more relevant content we can provide for them. And, yes, knowing our audience better helps us find commercial partners too. Don't worry, we won't share your information with other parties, unless you give us permission to do so.

Register now

THE BEST CONTENT

Our award winning editorial team (PPA Digital Brand of the Year) ask the big questions about the biggest issues on everything from strategy through to execution to help you navigate the fast moving modern marketing landscape.

THE BIGGEST ISSUES

From the opportunities and challenges of emerging technology to the need for greater effectiveness, from the challenge of measurement to building a marketing team fit for the future, we are your guide.

PERSONAL AND PROFESSIONAL DEVELOPMENT

Information, inspiration and advice from the marketing world and beyond that will help you develop as a marketer and as a leader.

Having problems?

Contact us on +44 (0)20 7292 3711 or email subscriptions@marketingweek.com

If you are looking for our Jobs site, please click here