Finance

WPP looks East again, but this time it’s to Germany and Scholz & Friends

WPP has bought German marcoms company Commarco Gmbh whose brands include Scholz and Friends, integrated agency deepblue, relationship marketer DialogGroup and production company United Visions. The price hasn’t been disclosed but Hamburg-based Commarco turned over €132.9m last year and has ...

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Post-production giant The Mill is valued at £119m

London-based post-production giant The Mill has been valued at £119m in a deal which sees Barclay Private Equity buying 60 per cent of the company from former majority owner private equity firm Carlyle. Original founders Robin Shenfield (pictured) and Pat ...

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UK marketers cut first quarter 2011 budgets on slowdown fears

British companies cut their marketing budgets in the first quarter of 2011, for a second consecutive quarter, over fears that public spending cuts and rising inflation would dent the economy. The survey of around 300 British-based companies for the IPA/BDO ...

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Matthew Freud seals £40m buy-back deal from Publicis – but what’s the restless PR maven going to do next?

Well that’s the obvious question isn’t it? Matthew Freud has just forked out about £40m to buy back Publicis Groupe’s 50.1 per cent stake in his UK PR firm Freud Communications (the second time he’s extricated himself from a marcoms ...

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Omnicom boss John Wren boosts pay to $10.8m with new stock units

Omnicom CEO John Wren and his management team benefited strongly from the recovery in the marcoms giant’s share price during 2008 and 2009 through generous stock options. But with the Omnicom share price becalmed in the $40 range recently compared ...

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Henkel blows the whistle on P&G and Unilever price fixing deal

To which Henkel was a part but, in shopping its co-conspirators in a price and market share fixing cartel, Procter & Gamble and Unilever, managed to escape a heavy European Commission fine. This all happened between 2002 and 2005 and ...

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Chime’s Lord Bell on politics, acquisitions, HHCL and VCCP

Although he claims he’s an old fart and nobody’s interested in him any more, Lord Bell (Tim Bell as was in his Saatchi days) isn’t and people are. Now in his 70th year and recovering from a recent heart bypass ...

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P&G exits foods with $1.5bn sale of Pringles

Procter & Gamble is finally getting out of the food business with the $1.5bn sale of Pringles snacks to Diamond Foods. The deal also includes $850m of debt which will be parked in a special company created for the deal ...

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