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O&M clarifies

24-July-2004
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O&M clarifies

Ogilvy & Mather, the country’s third largest advertising agency, has clarified that it has no interest or plans to invest in Candid Marketing, a Delhi-based below-the-line promotion company.

The clarification is in response to a report in Business Standard of July 21, which stated that O&M was likely to acquire a stake in Candid Marketing.

We regret the error and apologise to Ogilvy & Mather. The BS report was based on talks with Candid Marketing executives.

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