WPP-owned financial PR heavyweights Finsbury and Hering Schuppener have forged an partnership and dropped out of previous alliances as they unite under a common brand.
Finsbury, with its London and New York prowess, and Herin Schuppener, strong in Frankfurt and Brussels, will offer their combined 14 offices and 350 staffers under the alliance. The firms said the alliance will give clients greater cross-market access, along with an integrated digital offering.
Hering Schuppener is severing ties with the AMO Network, while Finsbury drops out of the Europe-focused Fibra alliance.
The firms said they've adopted a common brand identity while retaining their names and ownership. Finsbury chairman Roland Rudd said the firms have worked side-by-side over the years and share a common philosophy as advisers.
WPP said the firms advised nearly 1,500 deals worth more than $2 trillion over the past 10 years.
Ralf Hering helms Hering Schuppener.
Interpublic posted a 5.1 percent drop in Q3 net revenues to $2.5B as CEO Philippe Krakowsky reports the final financial results of the publicly traded company.
Joele Frank handles Pine Gate Renewables as the Asheville, NC-based solar power development company declares Chapter 11 in the aftermath of Donald Trump’s cuts to wind & solar tax credits.
Stagwell CEO Mark Penn reports Q3 net revenues jumped 6 percent to $614.5M, a record performance for a non-political period. Operating income soared 45.7 percent to $60.9M.
Joele Frank works for Klöckner Pentaplast as the German maker of plastic films declares Chapter 11. A successful reorganization would slash its its corporate debt by $1.5B.
Teneo represents Metsera, the New York City biotech focused on weight-control products, which is subject to a bidding war between heavyweights Novo Nordisk and Pfizer.
