The Inside News of PR & Marketing Communications

Last Updated: Tue., Apr. 23, 2019 @ 5:14 pm

Category: Financial PR & Investor RelationsReturn to Latest News

Omnicom's Q1 Revenues Slide 4.4%

Tue, Apr. 16, 2019

By Kevin McCauley

OmincomOmnicom today reported a 4.4 percent slide in first-quarter revenues to $3.5B, slippage that CEO John Wren blames on negative foreign currency rate comparison and divestitures. The PR group drops 3.5 percent to $334M.

Goldman Sachs' Wells Goes to Prosek

Tue, Apr. 16, 2019

By Steve Barnes

David WellsProsek Partners has recruited David Wells, who was chief marketing and communications officer in Goldman Sachs' consumer and investment management division, as partner.

Wells Fargo’s Ex-PR Chief Joins Zeno

Wed, Apr. 10, 2019

By Kevin McCauley

Oscar SurisOscar Suris, the former PR chief at Wells Fargo who exited amid its fake accounts scandal, has joined Zeno Group as executive VP for corporate and crisis strategy.

 

Goldman Sachs' Farris Skips to Carlyle

Mon, Apr. 8, 2019

By Kevin McCauley

Leigh FarrisLeigh Farris, managing director/CEO communications at Goldman Sachs, will join Carlyle Group, the $216B assets investment giant, as global head of corporate communications later this spring.

ICR Handles Return of Chuck E. Cheese

Mon, Apr. 8, 2019

By Kevin McCauley

Chuck E. CheeseICR is handling the return of Chuck E. Cheese, pizza joint/playroom, to the public market via a reverse merger of its parent, CEC Entertainment, with Leo Holdings, a blank check company.

Joele Frank Plays Defense For GameStop

Mon, Apr. 1, 2019

By Kevin McCauley

Game StopJoele Frank, Wilkinson Brimmer Katcher is working with GameStop as the troubled video game/consumer electronics retailer irons out a deal to ward off a proxy fight with Hestia Capital Partners and Permit Enterprise Capital Partners.

TIAA's Palmer Shifts to AIG

Mon, Apr. 1, 2019

By Steve Barnes

Betsy PalmerBetsy Palmer has joined American International Group, Inc. as senior vice president and chief marketing strategy, communications and industry leadership officer, AIG Life & Retirement.

Former NYPD Deputy Commissioner Joins Brunswick

Wed, Mar. 27, 2019

By Kevin McCauley

MIchael O'LooneyMichael O'Looney, a one-time New York Police Dept. deputy commissioner and WCBS-TV news reporter, is joining Brunswick Group on May 1. He will join from Elliott Management after stints at Barclays/Americas and Merrill Lynch.

Kekst CNC Gobbles Up Turkey Hill Deal

Fri, Mar. 22, 2019

By Kevin McCauley

Turkey HillKekst CNC works with Peak Rock Capital as it acquires Turkey Hill line of ice cream, milk, iced tea and fruit drinks from $122B supermarket giant Kroger.

Farley Falls for Cowen’s Pitch

Mon, Mar. 18, 2019

By Kevin McCauley

James FarleyJames Farley has joined diversified financial services firm Cowen Inc. as managing director & head of investor relations.

FTI Recruits Activist Pro Araujo From ISS

Thu, Mar. 14, 2019

By Kevin McCauley

Rodolfo AraujoRodolfo Araujo, who was VP at Institutional Shareholder Services, has joined FTI Consulting’s strategic communications group as senior managing director & part of its activism and M&A solutions practice in DC.

Abernathy MacGregor Targets Toshiba

Wed, Mar. 13, 2019

By Kevin McCauley

Nubuaki KurumataniAbernathy MacGregor is helping King Street as the New York hedge fund eyes a proxy fight with Japanese industrial giant Toshiba, which has been in a tailspin since its Westinghouse Electric nuclear unit declared bankruptcy in 2017.

Brunswick Handles Nvidia's $6.9B Deal

Tue, Mar. 12, 2019

By Kevin McCauley

NvidiaBrunswick Group is handling semiconductor company Nvidia's $6.9B acquisition of networking powerhouse Mellanox to strengthen its position in the data center business.

‘Evolutionary Changes’ at Sard Verbinnen

Wed, Mar. 6, 2019

By Kevin McCauley

Paul VerbinnenSard Verbinnen & Co. has promoted president Paul Verbinnen to the co-CEO spot alongside George Sard, who remains chairman of the 27-year-old financial PR firm.

WPP Revenues Slip 1.3% in 2018

Fri, Mar. 1, 2019

By Kevin McCauley

Mark ReadWPP today reported a 1.3 percent drop in 2018 revenues to $20.6B and an 8.8 percent decline in profit to $2.3B as CEO Mark Read begins his three-year turnaround plan to make the UK giant a more client-centric operation focused on creativity and technology.

Sard Verbinnen Maps Gap's Break-Up

Fri, Mar. 1, 2019

By Kevin McCauley

GapSard Verbinnen & Co. is handling Gap's decision to spin off its fast-growing Old Navy brand, which accounts for about half of its $16.6B revenues, as a separate company.

 

Wellington Taps Prosek to Thwart $90B BMS Deal

Thu, Feb. 28, 2019

By Kevin McCauley

Wellington ManagementNew York financial PR firm Prosek Partners is handling media for Wellington Management Co, the largest institutional shareholder of Bristol-Myers Squibb, which opposes its $90B acquisition of Celgene.

FTI's PR Unit Posts 6.7% Q4 Gain

Tue, Feb. 26, 2019

By Kevin McCauley

Mark McCallFTI Consulting's strategic communications group posted a 6.7 percent jump in Q4 revenues to $58M as global segment leader Mark McCall wrapped up a "fantastic year."

AbMac Walks JAB’s Pet Push

Mon, Feb. 25, 2019

By Kevin McCauley

Compassion First Pet HospitalsAbernathy MacGregor is handling the push of JAB Holdings, owner of Coty, Panera Bread, Keurig Dr Pepper, Krispy Kreme Doughnuts, Pret a Manger and Jacobs Douwe Egberts coffee, into the pet hospital business.  

London's Lansons Acquires Intermarket

Fri, Feb. 22, 2019

By Kevin McCauley

Tony LanghamLansons, a reputation management shop in London, has acquired a 51 percent stake in New York’s Intermarket Communications, financial shop co-founded by Matt Zachowski and Martin Mosbacher in 1986, to form an entity with fee income in the $17M range.

Sard Verbinnen Shores Up Navient's Defense

Fri, Feb. 22, 2019

By Kevin McCauley

NavientSard Verbinnen & Co. is playing defense for Navient student loan servicer in its showdown with institutional shareholders Canyon Capital Advisors and Platinum Equity Advisors

Reevemark Laces Up Payless Chapter 11 Filing

Wed, Feb. 20, 2019

By Kevin McCauley

Payless Shoe SourceNew York financial PR firm Reevemark is handling the Chapter 11 filing of Payless ShoeSource, which is liquidating 2,500 stores in the US and Canada and tossing 16,000 people out of work with the end of May completion of the retail wind-down.