Top Story

e4m_logo.png

Home >> International >> Article

WPP chief says U.S. slowdown being felt abroad

26-June-2001
Font Size   16
Share
WPP chief says U.S. slowdown being felt abroad

The effects of the U.S. economic slowdown are starting to be felt in Europe, Asia and Latin America, said WPP Group's Chairman-CEO Martin Sorrell. Speaking at the company's annual meeting in London, Mr. Sorrell said revenue growth has been affected by "the U.S. business-to-business recession, which started in the fourth quarter."

WPP's worldwide revenue grew 62% during the first five months. But the growth was mainly due to the acquisition of Young & Rubicam; adjusted to exclude acquisitions and currency effects, the five-month revenue grew only 4% during the first five months. That's less than a third of WPP's 15% growth rate in 2000.

Advertising and media revenue grew 59%, information consultancy grew 15%, public relations was up 109% and marketing service -- including branding, health care and specialist communications -- grew 85%.

Tags

Karthik Raman, Chief Marketing Officer, IDBI Federal Life Insurance, on the brand’s unconventional approach to marketing and priorities for the next year

Vinik Karnik, Business Head - ESP Properties, talked about what went into conceptualising the first edition of the entertainment marketing report, Showbiz

Rahul Jhamb, Brand Head, Forever 21, on how the fast fashion brand always stays on the pulse of latest marketing trends

Heavy spends on OOH and print sum up this year’s ad spends of YLG Salon

Mavcomm Consulting one of India’s leading Public Relations, Reputation Management& Brand Communications company today announced elevation of Pranjal Dutta to the role of CEO

The campaign film features PV Sindhu, Saina Nehwal, Kidambi Srikanth and Indian badminton mavericks, HS Prannoy, Ashwini Ponappa, Sai Praneeth, and Ajay Jayaram

We list a few important stories that you may have missed in the week gone by