Yesterday, we shared a leaked memo from Cramer-Krasselt, which
noted it had decided to no longer work with Panera Bread. Now, Panera Bread has shot back saying Cramer-Kresselt didn't fire Panera Bread, rather, it said it would hold a review but the agency
declined to participate. To be clear, the agency never used the words "fired" in its memo. It just shared how difficult it was to work with the client. Which, of course, is why it makes perfect sense
that they chose not to participate in the review. Panera Bread CMO Michael Simon told Ad
Age: "Cramer-Krasselt did not fire us. We weren't performing at the levels we wanted. We told them we were going to open it up for review, and they decided not to participate."
So...nothing's really changed. The client is a pain in the ass to work with and the agency declined to work with them further.
Grey Group has acquired a majority stake in Circus Peru, the largest independent advertising agency in Peru. In making the announcement, James R. Heekin III, Grey Group Chairman and CEO, said: "We are delighted to welcome Circus to Grey Group. Circus is a premier total communications company, renowned for its creativity, and represents another step forward in expanding our capabilities and footprint in the fast-growing Latin American region." Founded in 2008, with headquarters in Lima, Circus is a full-service, integrated marketing company with revenue of $12.1 million in 2013. Its subsidiaries include Circus Interactive, Circus Retail, Circus Experience, Brand Lab, a design company, and Carne, a second advertising agency.
In a recent interview with LinkIn Editor Dan Roth, WPP's Sir Martin Sorrell welcomed the new Cannes Lions categories which focus on data, data visualization and healthcare saying, “This balance of Mad Men/Math Men, art/science, left brain/right brain is really very important and we have to understand it. It applies across the board. So everyone inside the organization can be creative in different ways. Programmatic buying will become very important.” And of our favorite Mad Men, Sorrell added: “Don Draper and Roger Sterling simply wouldn’t recognize three-quarters of what we do today.” Watch the full interview here.
After working toward it for decades, The Martin Agency is opening up shop in London. The Martin Agency CEO Matt Williams said London has been "a goal for us for some time." The agency is interviewing for ECD and MD roles and plans to initially staff the office with about 15 people. The Martin Agency CCO Joe Alexander said London is "one of the world's great creative markets." Well, best to you, Martin Agency. Be sure to invite us to the office opening party!
Who knew there was an agency called The Hardy Boys? Well, there is-- and it's in South Africa. But it may not be called The Hardy Boys for much longer. The agency was just acquired by WPP for an undisclosed sum. Of the acquisition, a WPP statement read: “This investment continues WPP's strategy of developing its integrated services in fast-growing and important markets and sectors and strengthening its capabilities including digital media." The Hardy Boys agency was founded in 1994 and reports $5 million in revenue. The acquisition continues WPP's strategy of growing the digital side of its business, which now accounts for 35% of its $17.3 billion in revenues.