Leo Burnett News
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Publicis Groupe SA Chief Executive Officer Maurice Levy said he will focus on takeovers in emerging markets rather than digital expansion as he forecast growth for the advertising company this year.
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Publicis Groupe SA, the world’s third-biggest advertising company, said first-quarter sales rose 1.3 percent and characterized 2013 as a difficult year as some European economies remained in crisis.
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For years, publishers could count on bored shoppers waiting in the checkout line to pick up a magazine, get engrossed in an article, and toss it into their cart alongside the milk and eggs. Then came “mobile blinders.”
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General Motors Co., the largest U.S. automaker, is shaking up its advertising agencies just a year after a joint venture was created for its Chevrolet brand, according to two people familiar with the efforts.
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Publicis Groupe SA said it is offering partial compensation to Greek television and radio clients which lost money after the unit of its local Leo Burnett advertising agency failed to pay bills.
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Publicis Groupe SA’s profit rose more than Chief Executive Officer Maurice Levy expected last year as the third-largest advertising company capitalized on U.S. business, digital activities and high-growth markets.
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The Pentagon, facing an “unprecedented” surplus of troops, is slashing spending on recruitment advertising that has netted firms including McCann Erickson Worldwide hundreds of millions of dollars a year.
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Google Inc. ’s modifications to its website in China will probably encourage more Web surfers and Chinese advertisers to switch to Baidu Inc. in the world’s largest Internet market, advertizing agents said.
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After winning permission from China’s government to continue to operate in the country, Google Inc. must now fight for relevance as Baidu Inc. extends its dominance in the world’s largest Internet market.
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Publicis Groupe SA said it acquired the Holler digital ad agency in London to enhance the digital capability at its Leo Burnett Group in the U.K.
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