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Cossette under siege after being hit by $18m loss

The management of Cossette, the Canadian listed group that owns Miles Calcraft Briginshaw Duffy, Elvis Communications, Band & Brown, Dare and Identica in the UK, is showing signs of a siege mentality after reporting a loss of Can$18.4 million for...

Posted Aug 05 2009, 01:08 PM by BOB WILLOTT with | with 1 comment(s)

Filed under: global groups, General Motors, Band & Brown, Cossette, Elvis Communications, Identica, Dare Digital, Cosmos Capital, Miles Calcraft Briginshaw Duffy, Bell Canada

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Publicis escapes worst impact of GM bankruptcy

The estimated exposure of Publicis Groupe agencies to the General Motors ("GM") bankruptcy has been reduced dramatically as the weeks have passed and the financial fog has cleared. At the time of bankruptcy Publicis agencies (mainly Starcom...

Posted Jul 22 2009, 12:44 PM by BOB WILLOTT with | with 1 comment(s)

Filed under: global groups, Publicis, General Motors, Starcom Mediavest

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Interpublic well prepared to minimise damage from US car bankruptcies?

WPP seems so far to have avoided the consequences of the US car-makers' bankruptcies - or is keeping very quiet about it - but of the three other major global marketing groups affected the Interpublic Group seems to have been fairly well prepared...

Posted Jun 05 2009, 06:35 PM by BOB WILLOTT with | with 1 comment(s)

Filed under: global groups, WPP, Publicis, Omnicom, Interpublic, General Motors, Starcom Mediavest, Chrysler

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Interpublic in pre-emptive move to preserve GM relationship

The hiring of a senior General Motors Corporation executive to coordinate all Interpublic agency services to the troubled US motor manufacturer, announced today, has all the signs of a pre-emptive move to maximise the prospect of retaining the GM relationship...

Posted May 20 2009, 10:44 PM by BOB WILLOTT with | with no comments

Filed under: global groups, Interpublic, General Motors

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IPG negotiates protective deal with bankers in case GM collapses

The Interpublic Group of Companies has secured an agreement with its principal bankers to exclude from its borrowing covenants the impact of the feared bankruptcy of General Motors Corporation on Interpublic's profit before interest, tax, depreciation...

Posted May 18 2009, 11:56 PM by BOB WILLOTT with | with 2 comment(s)

Filed under: global groups, Interpublic, General Motors

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Cossette under siege after being hit by $18m loss

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Publicis escapes worst impact of GM bankruptcy

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Interpublic well prepared to minimise damage from US car bankruptcies?

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Interpublic in pre-emptive move to preserve GM relationship

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IPG negotiates protective deal with bankers in case GM collapses