Publicis Chief Warns Of Dire Second Quarter

  • June 9, 2009
Publics Groupe Chairman-CEO Maurice Levy this morning told shareholders to brace for an especially difficult results during the second quarter of 2009. Levy, who issued the warning during the Paris-based agency holding company's annual shareholder meeting, said the quarter would be the toughest yet for the advertising industry, and also said that Publicis had a potential exposure of more than $75 million from client General Motors Corp.'s credit restructuring and bankruptcy filing.
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