 John Wren |
Omnicom CEO John Wren today reported a 13.4 percent rise to $298.4M in third-quarter net income on flat revenues of $3.7B.
Organic growth clocked in at 2.9 percent.
The US region, which accounts for 53.7 percent of revenues, registered a flat quarterly performance, though organic growth ticked up by 0.6 percent.
The FleishmanHillard, Ketchum, Porter Novelli-led PR group showed a 0.7 percent advance in Q3 revenues to $356M. Organic growth was up 2.3 percent.
PR, which accounts for 9.5 percent of OMC revenues, reported a 2.5 percent nine-month revenue gain to $1.1B.
Prosek Partners handles New York’s Tilray Brands, craft beer & cannabis operation, as it acquires BrewDog, a leading British independent beer producer in the UK, for $45M.
Brunswick Group handles Zurich Insurance as it agrees to buy UK-based Beazley specialty insurer in a deal valued at $11B.
FGS Global represents Brink’s as it agrees to acquire NCR Atleos, which relies on Collected Strategies, in a $6.6B cash & stock deal to create a leading fintech infrastructure company. (Updated)
A January article in O’Dwyer’s proposes that in 2026, the strongest financial brands will not simply tell compelling stories—they will “signal readiness.”
C Street Advisory Group is working the Chapter 11 filing of Axip Energy Services as it unloads its nearly all of its assets to deal with a heavy debt load.
