Fallon McElligott bets on Barrett to take Manhattan
Article Abstract:
After eight years of creating Nike ads almost exclusively for Wieden & Kennedy in Portland, Jamie Barrett decided it was a good time to move on. The Minneapolis agency, Fallon McElligott, has given Barrett the charge of establishing a more noticeable presence in New York City as its executive creative director of the three-year-old office. $70 million in billings per year isn't much in the Big Apple, even with clients like Time and Fortune magazines, Conseco, Nikon, Georgia-Pacific. A new responsibility for the 6' 6" squash player will be to woo clients, a role he is looking forward to.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1998
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Interpublic buying stake in Icon Medialab
Article Abstract:
With headquarters in Stockholm and offices in 10 countries, Icon Medialab International also has the technical expertise that Interpublic Group was looking for in an Internet partner. Interpublic will pay $20 million for a minority stake in the Swedish firm that has yet to break even. The investment of Interpublic will benefit Icon's expansion and its U.S. exposure. Icon has such clients as VW, Charles Schwab, Compaq and DaimlerChrysler. Interpublic's biggest clients include GM, Unilever, Coca-Cola and MasterCard.
Comment:
Co. to get $20 million investment stake from Interpublic Group
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1999
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Leo Burnett lays off 4% of creative staff
Article Abstract:
Leo Burnett laid off another 18 people, mostly in its Chicago office, or 4% of its creative staff of 450. All lay-offs received severance packages. Last year the agency laid off 74 people, had a management shakeup and lost some key accounts. Big clients it has kept are Philip Morris, GM, Procter & Gamble and Kellogg. Some new clients include Motorola, G.D. Searle and Eli Lilly. The company's media-buying division, StarCom, is doing well, taking in $800 million in assignments last year.
Comment:
In a self-imposed economy move, agency lays off 4% of creatives, mostly from Chicago office
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
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