Grey Global acquisition bids are expected to be submitted by early September.
Grey Global acquisition bids are expected to be submitted by early September. Private equity specialist Blackstones is thought to have dropped out of the running. WPP Group is seen as the front-runner to buy Grey, although private equity group Hellman & Friedman is still believed to be active. A price of under $1bn (&£550m) is being touted.
As “greenshoots” of economic recovery appear, marketers are shifting focus to promotions, events and direct marketing, according to the latest IPA Bellwether report.
Saga cut marketing spend by £4.2m in 2024, pausing investment in some areas of its insurance business in a challenged market.
Despite revenues falling 18% year-over-year in the six months to March, Asos’s CEO insists the retailer is “delivering” against its turnaround plan.
Puma’s leadership team has been waiting for the moment the brand would “invest differently” in marketing, something top marketer Richard Teyssier is confident it is doing with new teams, fewer activations and bigger brand investment.