By Stuart Smith on February 28, 2012
In an extraordinary new twist to the Oriental & Rende story I posted the other day, WPP chief executive Sir Martin Sorrell (pictured) has written to his counterpart at Publicis Groupe, Maurice Lévy, warning him of the dangers of acquiring the Chinese specialist car agency. Last year, I’m told, WPP subsidiary Ogilvy broke off acquisition [...]
Posted in Agencies, Clients, Finance, News, Politics | Tagged car deals, China, corruption allegations, hyundai, Maurice Levy, oriental & rende, publicis groupe, Sir Martin Sorrell, uk bribery act, vw.mercedes, warning letter, WPP
By Stuart Smith on February 25, 2012
You’ve got to admire the mettle of the man. Publicis Groupe chief executive Maurice Lévy may have his hands full with a corruption scandal at Betterway, one of PG’s principal Chinese subsidiaries, but his appetite for acquisitions in that part of the world is undiminished. It has come to my attention that PG is close [...]
Posted in Agencies, Clients, News | Tagged betterway, china car business, hyundai, Maurice Levy, Mercedes, oriental & rende, publicis groupe, Stuart Smith, WPP
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