It’s difficult to overestimate the impact the revelations about Tesco’s ‘profits’ – or lack of them – are having on wider business in the UK. The grocer’s past booking of vast profits – if its current profit warning is any ...
Read More »Premier Foods tried its ‘invest for growth’ delisting threats on agencies first
Premier Foods CEO Gavin Darby (left) has spent an uncomfortable weekend, being castigated by all and sundry – and ‘investigated’ by the UK government – over his company’s demand for ‘invest for growth’ payments from its suppliers. You may define ...
Read More »Is Barclays tip-toeing down the agency-bashing route?
Well it might be, according to a story in Campaign. Apparently Barclays has hired search outfit Oystercatchers to conduct an “an internally focused management consultancy-type project” to review all its 200-odd global agencies as part of a company-wide efficiency drive. ...
Read More »Now drugs giant GSK joins the agency rebate gang
Giant drugs company GSK, some of whose employees in China have been detained by the authorities for allegedly bribing doctors hard on the heels of a $3bn fine in the US for misleading marketing, has landed its big feet in ...
Read More »Karmarama wins Hartley’s and Sun-Pat revival task
Ambitious food group Hain Daniels has appointed London agency Karmarama to handle the Hartley’s and Sun-Pat brands it bought from Premier Foods last year. Premier has been unloading some of its many brands as it wrestles with the debt it ...
Read More »Premier Foods doesn’t want a £40,000 ‘investment’ payment from its media agency – it wants £300,000
Last week we asked which UK media agency would bite the bullet and pitch for Premier Foods’ account, resigned by Starcom MediaVest over its astonishing request for an ‘investment’ payment, one we estimated at £40,000. But according to sources in ...
Read More »Starcom MediaVest tells Premier Foods where to stuff its agency “investment” fee
In one of agency land’s rare outbreaks of principle Publicis Groupe-owned media agency Starcom MediaVest has shown Premier Foods the door after the struggling British food company asked it, along with its other agencies, to pay an “investment” fee to ...
Read More »Premier Foods takes double-speak to a whole new level as it tries to mug agencies for 40 grand
This was a story that appeared in Campaign last week: to wit, that the Marketing Agencies Association was complaining that Premier Foods, the clapped-out British food company, was inviting its members (mostly what we used to call sales promotion agencies) ...
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