Finance

UK retailer Game’s financial problems are more bad news for TBWA

UK computer games retailer Game Group (which also operates the Gamestation brand) is in trouble, set to lose £18m this year and trying to sell its 600 UK stores in a last-minute bid to rescue the business. Which means more ...

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How Chime will change if Bell buyout goes ahead

Summing up a satisfactory set of annual results, which had seen Chime pre-tax-profits climb 16 per cent, chairman Lord Bell (pictured) concluded: “The group is well positioned for the future with a very positive year ahead for sports marketing in ...

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Publicis Groupe heads to China again – this time to snap up two experiential agencies for MSL

Publicis Groupe COO and China boss Jean-Yves Naouri (pictured) has been uncorking his cheque book again, this time buying two ‘experiential’ marketing agencies King Harvests and Luminous. King Harvest operates in a number of mainland China locations and its 100 ...

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WPP’s Sorrell opposes Bell and Pottinger’s PR buyout plans

Sir Martin Sorrell (pictured), whose WPP marcoms group owns 18 per cent of old colleague Lord Bell’s Chime Communications, says he opposes the plan by Lord Bell and other senior managers including Piers Pottinger, to buy out parts of the ...

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Interpublic and Octagon buy entertainment agency FRUKT Communications

Interpublic has bought London-based FRUKT Communications to work alongside its sports and entertainment company Octagon. FRUKT was founded in 2001 and has worked for Coca-Cola, Southern Comfort, Diesel, Nokia and Starwood Hotels among others. It specialises in creating entertainment ideas ...

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Phone company SingTel buys $600,000 mobile agency Amobee for $321m

That’s $321m in cash, in case you were wondering. Amobee is a specialist mobile marketing agency in Redwood California which claims (as do others) to have the best proprietary systems to exploit the forthcoming mobile advertising Gold Rush. Some forecasts ...

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