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| Mike Sitrick |
Mike Sitrick has bought his firm Sitrick And Company back from RGP, the Dallas-based management consulting firm. He sold the strategic communications powerhouse for $43.4M in Oct. 2009.
Sitrick praised RGP for living up to its promise that he would have the ultimate responsibility for the strategy, direction, management and operation of his firm. "Their new management wanted to concentrate on their core business, offered to sell me back the business, and I agreed."
In a message to RGP team members, CEO Roger Carlile called S&C “a strong business with a talented team and a distinct identity in the market. Returning it to its leadership is the right outcome for the business, for its clients, for RGP.”
The deal is expected to close within 45 days.
Carlile noted that the S&C divestiture is part of a broader transformation to simplify RGP’s structure. He will concentrate future investments in the services and client relationships where it delivers the greatest impact.
RGP posted a $24.5M nine-month loss on $345.9M revenues for the period ended Feb. 28.
WPP chief Cindy Rose is cutting up to 1,000 jobs by the end of the year, adding to the 11K jobs lost since the start of 2025, according to a report in the Financial Times.
WPP CEO Cindy Rose declares her stabilization plan is "firmly on track" as the company reports a 4.7 percent dip in 1H revenues.
FTI Consulting reported a 2.6 percent drop in Q2 strategic communications revenues to $100M, a shortfall largely due to a $7.4M decline in pass-through revenues.
Omnicom CEO John Wren reported a 7.2 percent rise in Q2 “core operations” to $6B and a 6.1 percent spurt on an organic basis.
Publicis Groupe’s H1 net revenues inched ahead by 1.1 percent to $8.3B. Organic growth hit the 4.7 percent mark.
