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May 5, 1990 | From Associated Press
Two key directors of the troubled advertising and consulting giant Saatchi & Saatchi Co. PLC resigned Friday, the company said. Roy Warman and Terry Bannister served as joint chief operating officers of Saatchi's communications division with responsibility for worldwide advertising operations. Saatchi's deputy chairman Jeremy Sinclair was named to replace the men.
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BUSINESS
June 21, 2000 | Reuters
France's Publicis joined the top league of the world's advertising industry as it announced the acquisition of Britain's Saatchi & Saatchi for $1.92 billion in stock and said it was still hungry for acquisitions. The deal will form the world's fifth-largest advertising group, with a market capitalization of $6.3 billion, and give Publicis vital access to the U.S. market, where Saatchi & Saatchi does half its business.
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BUSINESS
September 22, 1999 | DENISE GELLENE and JOHN O'DELL, TIMES STAFF WRITERS
In showcasing its new Echo vehicle at auto shows around the country last winter, Toyota Motor Corp. used in-your-face posters of pierced, head-shaved Gen-Xers to draw attention to it. But young adults who might have considered the bubble-shaped car were put off by the edgy ads. The experience taught Toyota--a reliable, slightly boring auto maker favored by baby boomers--about the dangers of trying too hard in its budding courtship of first-time car buyers.
BUSINESS
June 20, 2000 | Reuters
French advertising group Publicis will announce today a $1.82-billion takeover of Britain's Saatchi & Saatchi, industry sources said, in a deal that would continue a wave of consolidation in the advertising world. Saatchi, which does nearly half of its business in the U.S., had said it was in talks that could lead to a merger, triggering speculation that either Interpublic or Grey Advertising of the U.S. were seeking a transatlantic deal.
BUSINESS
March 12, 1998 | A Times Staff Writer
Saatchi & Saatchi is developing and producing a public service advertising campaign for the organization of U.S. Catholic Bishops. The pro bono work is designed to "convince people of the power they have to forgive and, thereby, make a difference in their personal relationships," according to the U.S. Catholic Conference, the public policy agency of U.S. Bishops.
BUSINESS
February 22, 1995 | Times Staff and Wire Reports
Candy Company Leaving Saatchi: In the latest blow for British advertising group Saatchi & Saatchi, Mars Inc., the maker of M&M's candies and Snickers chocolate bars, said it chose Omnicom Group Inc. subsidiary BBDO Worldwide Inc. as one of its three core international agencies. BBDO replaces Saatchi & Saatchi's Bates Worldwide Inc. unit. Mars said its two other agencies, DMB&B and Grey Advertising Inc., remain.
BUSINESS
January 18, 1995 | Times Staff and Wire Reports
Maurice Saatchi Sues for Breach of Contract: Maurice Saatchi sued Saatchi & Saatchi Co., claiming it broke his contract when it fired him as chairman last month. Maurice's action, the latest chapter in an acrimonious battle between the Saatchi brothers and the group they built, came in response to suits it served on him last week.
BUSINESS
September 22, 1999 | DENISE GELLENE and JOHN O'DELL, TIMES STAFF WRITERS
In showcasing its new Echo vehicle at auto shows around the country last winter, Toyota Motor Corp. used in-your-face posters of pierced, head-shaved Gen-Xers to draw attention to it. But young adults who might have considered the bubble-shaped car were put off by the edgy ads. The experience taught Toyota--a reliable, slightly boring auto maker favored by baby boomers--about the dangers of trying too hard in its budding courtship of first-time car buyers.
BUSINESS
April 2, 1998 | Bloomberg News
Saatchi & Saatchi's shares have risen by 54% in recent months, driven by speculation that the British advertising and marketing company is the target of a takeover bid by France's Havas Advertising. Saatchi was spun off in December by Cordiant, which later was renamed Cordiant Communications Group. Havas wants to acquire a partner that would help reinforce its competitive position in the U.S., where most global advertising accounts are awarded.
BUSINESS
March 12, 1998 | A Times Staff Writer
Saatchi & Saatchi is developing and producing a public service advertising campaign for the organization of U.S. Catholic Bishops. The pro bono work is designed to "convince people of the power they have to forgive and, thereby, make a difference in their personal relationships," according to the U.S. Catholic Conference, the public policy agency of U.S. Bishops.
BUSINESS
August 10, 1996 | Times Staff and Wire Reports
Saatchi & Saatchi's U.S. Chief Leaving: The advertising firm said the duties of John Fitzgerald, the agency's U.S. president and chief operating officer, will be assumed by Chairman and Chief Executive Ed Wax. "John has made a real contribution," Wax said in a statement. "However, following extensive discussions, we have come to realize that we have differing views on the future management of the agency."
BUSINESS
March 14, 1995 | From Associated Press
Saatchi & Saatchi Advertising, the agency thrown into turmoil by the stormy departure of co-founder Maurice Saatchi, on Monday named a former executive as its new chairman. Jennifer Laing, who spent 17 years at Saatchi & Saatchi before building up her own ad agency, Laing Henry, will take over the post left vacant when David Kershaw joined an exodus from Saatchi & Saatchi in January. Laing Henry is set to be sold for $1.
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