Penn outlines ambitious $3bn growth plans for Stagwell – at least he’s got his timing right

July 27, 2021 Comments Off on Penn outlines ambitious $3bn growth plans for Stagwell – at least he’s got his timing right

Mark Penn’s deal to merge ad holding company MDC into his tech-based Stagwell Group has finally gone through after Stagwell sweetened its offer following objections by some shareholders. MDC has resolutely failed to make money despite owning some strong agency ...

Mark Penn’s Stagwell Group rides to the rescue of MDC

March 15, 2019 Comments Off on Mark Penn’s Stagwell Group rides to the rescue of MDC

Mark Penn’s Stagwell Group has thrown a new lifeline to agency holding company MDC Partners, investing up to $100m for a 30 per cent stake. Penn (below), a former senior Microsoft exec and one-time head of Burson-Marsteller will become CEO ...

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Penn outlines ambitious $3bn growth plans for Stagwell – at least he’s got his timing right

Mark Penn’s Stagwell Group rides to the rescue of MDC

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