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| Andy Polansky |
Interpublic reported a 22.5 percent jump in revenues to $2.3B.
Net organic growth was up 19.8 percent overall, with the US division recording a 17.4 percent increase. Internationally, net revenues were up 24.4 percent.
First-half net revenues hit $4.3B, up 12.3 percent from the $3.83B recorded in Q1 2020.
At IPG DXTRA, the company’s global collective of 27 marketing specialty brands, organic growth for the second quarter was 15.1 percent.
Andy Polansky, who is IPG DXTRA’s CEO., said that all firms across the PR component of the division (which includes Weber Shandwick, Golin, Rogers & Cowan PMK and Current Global) had “a strong quarter.”
Polansky noted particular strength in the food & beverage, automotive, healthcare and government sectors. In addition, he said that both North America and the EMEA region did very well in Q2.
IPG CEO Philippe Krakowsky said the Q2 performance represents "a remarkable rebound from the impact of the pandemic on our business, demonstrating the resilience of our people, as well as their commitment to each other, our clients, and our craft.”
The Brand Amp represents Archer Aviation as it acquires Boeing’s $200M flying-taxi operation in return for a 20 percent stake in the Silicon Valley startup.
Amsterdam’s CFF Communications handles Accell Group as Europe’s No 1 e-bike and No. 2 bicycle maker declares insolvency after failing to find a buyer.
Randy Sinclair, who rose to lead investor relations at Chevron during an 11-year run, will move to Northrop Grumman on Aug. 10 as VP-IR.
Trailrunner International is handling Axum Capital Partners’ move to acquire a controlling interest in BARCODE, a performance hydration brand, in partnership with NBA All-Star Victor Wembanyama.
Alpha IR and Alpha Advisory Group represent McKinley Acquisition Corp. as it plans to take hostile drone spotter and destroyer Space-Eyes public via a SPAC deal valued at $370M.
