 |
| Anne-Marie Curran |
The management of Ireland’s Drury Porter Novelli has bought the firm back from Omnicom. Terms of the deal were not disclosed.
Omnicom acquired Drury Communications, which launched in 1989, in 2000. It became part of Porter Novelli’s network in 2015. Once the buyout is completed, firm will revert to its original name.
Anne-Marie Curran, managing director, said her management team is keen to become independent again.
"Under management ownership, our team will be even more agile and innovative, exploiting the fast-moving evolution of communications consultancy," she said. “The consequences of the pandemic have re-enforced the critical role of effective communications for brands and businesses.”
Billy Murphy, chairperson, Sinead Birt, finance director and Paddy Hughes, director, round out the management buyout group,.
The Irish Times reports that Drury Porter Novelli, reported a 24 per cent increase in turnover to $5.2M for 2019, with pretax profit up 40 per cent to $980K. Net profit for 2019 rose by 40 per cent to $845K.
Amazon web services, UPS and Dentons are among new clients.
S&P Global has reaffirmed its negative “BBB” rating on WPP due to ongoing challenges that it will face during the next 12 months.
Stagwell’s Q4 revenues grew two percent to $807M while adjusted EBITDA rose three percent to $129M.
WPP CEO Cindy Rose unveiled “Elevate 28,” a strategic plan to simplify the troubled company, which reported a 5.4 percent drop in 2025 revenues to $13.6B.
Omnicom CEO John Wren reported a Q4 $977.2M operating loss, largely due to the $1.1B in severance and repositioning expenses connected to the $13B Interpublic takeover that closed on Nov. 26.
Publicis Groupe reports an 8.8 percent rise in 2025 net revenues to $16.4B with
