Sir Martin Sorrell’s S4 Capital confirms deal talks as it chases US-based Mightyhive November 9, 2018 S4 Capital has confirmed deal talks are underway following rumours that it is making a play for a US advertising firm. Sir Martin Sorrell’s new venture told investors this morning that “it is in discussions with the owners of several digital marketing services businesses about a possible acquisition”. Media reports suggest that S4 is close [...]
WPP loses major Ford advertising contract to US rival Omnicom October 9, 2018 WPP has been dealt a major blow as it lost a key Ford advertising contract to the agency of one of its biggest US rivals, Omnicom. The news will be a major setback for new chief exec Mark Read, who was only appointed at the start of September. Ford was one of WPP's longest-standing advertising partnerships, as [...]
Martin Sorrell says he regrets nothing months after leaving WPP amid allegations of misconduct October 1, 2018 Sir Martin Sorrell has said he has no regrets over his behaviour while in charge of WPP. The former chief executive left the firm in April after claims of personal misconduct, saying his departure was in “the best interest of the business.” In an interview with the BBC, Sorrell denied treating subordinates poorly, using company [...]
Sir Martin Sorrell seals stock market return as S4 Capital shares enter market tomorrow September 27, 2018 Sir Martin Sorrell will seal his return to the stock market tomorrow when shares in his new advertising venture start trading under the name S4 Capital. A meeting of shell company Derriston Capital earlier today saw shareholders vote through all resolutions, rubber stamping the reverse takeover of S4 and its acquisition of Dutch agency MediaMonks. Sorrell purchased Derriston in [...]
Sorrell lays out expansion plans for new advertising venture S4 Capital ahead of market comeback September 12, 2018 Ad guru Sir Martin Sorrell today laid out ambitious plans to expand new venture S4 Capital after it starts trading shares later this month, in a move which could step on the toes of his former employer WPP. The founder of the advertising goliath is using a shell company, Derriston Capital, to launch his new business [...]
Sorrell lays out expansion plans for new advertising venture S4 Capital ahead of market comeback September 12, 2018 Ad guru Sir Martin Sorrell today laid out ambitious plans to expand new venture S4 Capital after it starts trading shares later this month, in a move which could step on the toes of his former employer WPP. The founder of the advertising goliath is using a shell company, Derriston Capital, to launch his new business [...]
New WPP boss tries to make his mark as post-Sorrell era begins September 4, 2018 Newly anointed WPP chief executive Mark Read yesterday signalled a change to the swashbuckling approach of the former “king of adland”, Sir Martin Sorrell, with a focus on organic growth and divestments rather than further shopping sprees. Read was appointed yesterday with immediate effect to head the firm, more than four months after the abrupt [...]
WPP set to appoint Mark Read as chief executive as early as next week August 30, 2018 WPP is set to appoint Mark Read as its new chief executive as early as next week, replacing Sir Martin Sorrell at the helm of the world's largest advertising firm. Read, who previously ran WPP's digital agency Wunderman, has long been the preferred internal candidate for the role and his appointment could be confirmed on [...]
IBM top executive joins the race to succeed Sorrell as next WPP chief August 11, 2018 An IBM senior vice president has entered the running to replace Sir Martin Sorrell at the helm of global marketing agency WPP. David Kenny, the senior vice president of IBM's cloud computing division, was approached by WPP chairman Roberto Quarta and took part in an interview last month, Sky News first reported. Sources close to the [...]
Sorrell ramps up tensions with WPP after resignation of Chinese director July 25, 2018 Former WPP boss Sir Martin Sorrell has ramped up tensions between him and his former employer by commenting on the exit of one of its Chinese board members. Hugo Shong stepped down from the board earlier this year, saying that "additional commitments outside WPP and increased pressure on his time and availability" had led him [...]