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| Cindy Rose |
WPP CEO Cindy Rose has retained Goldman Sachs to explore strategic options regarding its Burson PR flagship, according to a report in the London Times.
A divestiture would all but complete WPP’s retreat from its PR business, which suffered a six percent decline in revenues during the past year.
Rose is in the midst of an Elevate28 survival plan that calls for getting rid of non-core businesses to simplify operations.
WPP sold FGS Global, which had an enterprise value of $1.7B, to KKR in 2024.
The sale of Burson, which employs 6,000 people, would mark the first major disposal engineered by Rose, who took over the helm from Mark Read last Sept. 1.
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.
