Last week Omnicom left Cannes with a total of 160 Lions. This week it
collected an arguably more lucrative prize: the global media account for German athletic footwear and apparel giant adidas, sources confirm.
Omnicom Media Group agency PHD will lead the
account.
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Adidas’s annual media expenditures are estimated at $560 million by agency research firm COMvergence.
For the last eight years,
adidas has worked with WPP agencies. Mediacom won the account in 2018 after a global consolidation review.
WPP and Publicis are said to have pitched for the adidas business.
Neither
adidas nor Omnicom representatives returned queries seeking comment before this posting.