Oct
23
Maurice Lvy is 'Fed Up' With Talking About the Omnicom Merger
Posted in: Uncategorized
Publicis Groupe’s organic growth (excluding acquisitions) was just 1% for the third quarter of 2014, as Chairman-CEO Maurice Lvy continued to blame his group’s poor performance on the failed merger with Omnicom.
Revenues were up 4.4% to $2.2 billion in the third quarter.
In an attempt to leave the bad memories behind him, Mr. Lvy at first avoided reference to the deal-that-never-was, and spoke instead of “other plans” that had derailed Publicis Groupe. But, towards the end of a conference call with analysts, he concedes that was all “pure rhetoric.”
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