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Omnicom 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.
Prosek Partners has recruited David Wells, who was chief marketing and communications officer in Goldman Sachs' consumer and investment management division, as partner.
Oscar 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.
Christina Stenson has joined New York’s Gladstone Place Partners in its San Francisco outpost.
Leigh 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 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, 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.
Betsy Palmer has joined American International Group, Inc. as senior vice president and chief marketing strategy, communications and industry leadership officer, AIG Life & Retirement.
Michael 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 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.
James Farley has joined diversified financial services firm Cowen Inc. as managing director & head of investor relations.
Rodolfo 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 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 Group is handling semiconductor company Nvidia's $6.9B acquisition of networking powerhouse Mellanox to strengthen its position in the data center business.
Sard 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 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 & 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.
New 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 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."
Abernathy 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.
Lansons, 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 & Co. is playing defense for Navient student loan servicer in its showdown with institutional shareholders Canyon Capital Advisors and Platinum Equity Advisors
New 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.
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