WSJ: Omnicom takes HSBC media account from struggling WPP [Seeking Alpha]
Omnicom Group Inc. (OMC)
Last omnicom group inc. earnings: 4/28 06:25 am
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Source: Seeking Alpha
WSJ: Omnicom takes HSBC media account from struggling WPPHSBC hasmoved its global media account to Omnicom(NYSE:OMC) from flagging WPP (WPP+0.7%), following a review,The Wall Street Journal reports.The review came as is typical after a change in marketing direction, and HSBC added former Mondelez exec Leanne Cutts as its chief marketing officer last year.But the account has billings of about $400M and was worth about $20M in annual revenue to WPP as part of a long-held close relationship.The HSBC account was at WPP's Mindshare, whose American Express business is also up for review; WPP is trying to hold its relationship with Ford Motor, also in review.Click to subscribe to real-time analytics on OMCNow read:Tencent leads $50M round in Indian news app »
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OMC
Earnings
- 2/6/24 - Beat
OMC
Sec Filings
- 4/11/24 - Form ARS
- 4/3/24 - Form 4
- 4/3/24 - Form 4
- OMC's page on the SEC website