Jump to content

M&C Saatchi: Difference between revisions

From Wikipedia, the free encyclopedia
Browse history interactively
← Previous editNext edit →
Content deleted Content added
VisualWikitext
copyedit, citations
AtomKiera (talk | contribs)
12 edits
mNo edit summary
Line 31: Line 31:


In April 2017, the firm acquired a 51% stake in M&C Saatchi Sponsorship, based in Madrid.<ref>{{cite news| title=M&C Saatchi M&C Saatchi lanza en España una nueva agencia de patrocinios| publisher=Dirconfidencial| url=https://dircomfidencial.com/marketing/mc-saatchi-lanza-espana-una-nueva-agencia-patrocinios-20170602-0403/}}</ref>
In April 2017, the firm acquired a 51% stake in M&C Saatchi Sponsorship, based in Madrid.<ref>{{cite news| title=M&C Saatchi M&C Saatchi lanza en España una nueva agencia de patrocinios| publisher=Dirconfidencial| url=https://dircomfidencial.com/marketing/mc-saatchi-lanza-espana-una-nueva-agencia-patrocinios-20170602-0403/}}</ref>

==Partnerships==
In June 2018, M&C Saatchi partnered with gambling charity, GambleAware, to create a safer gambling campaign.<ref>{{cite web |url=https://www.casinoreviews.co.uk/news/industry/mc-saatchi-partner-gambleaware-following-winning-pitch.html |title=M&C Saatchi to Partner with GambleAware | = }}</ref>


==People==
==People==

Revision as of 12:28, 29 June 2018

M&C Saatchi (LSE: SAA) is an international advertising agency network formed in January 1995 by Jeremy Sinclair (Chairman), Bill Muirhead, David Kershaw (Chief Executive) and the brothers Maurice Saatchi and Charles Saatchi. This followed the resignation of Maurice Saatchi from the advertising agency group Saatchi & Saatchi which he had founded with his brother Charles in 1970.[1][2] The Group is listed on the AIM Board of the London Stock Exchange.[3]

Foundation

In December 1994 the Board of Saatchi & Saatchi PLC succumbed to sustained pressure from shareholder representative David Herro of Harris Associates L.P. and moved to remove its Chairman, Maurice Saatchi. Maurice subsequently resigned from his position.[4] Within a month senior executives Jeremy Sinclair, Bill Muirhead, David Kershaw also resigned and decided to open their own agency.[5] They were subsequently joined by Maurice and Charles Saatchi to create new business which would become known as M&C Saatchi.[6] A number of Saatchi and Saatchi's London management and creative staff also joined some consequential clients would soon follow[7] including Gallaher Group, Mirror Newspapers, the retailer Dixons and after a competitive pitch, British Airways and its part subsidiary Qantas as well as the Conservative Party, for whom they made the infamous New Labour, New Danger adverts.[8] In 2015, the agency was behind the Tory election campaign posters, picturing Ed Miliband in Alex Salmond's pocket.[9]

Network

A network was initially established in-line with the office locations required by British Airways and Qantas. By early 1996 the network consisted of offices in London, Singapore, Hong Kong, Sydney, New York and Auckland.[10]

In 2012 the network opened its 27th office in Stockholm, having previously opened offices in Abu Dhabi (2012), Cape Town and Johannesburg (2010), Milan (2010), Beirut (2010), Beijing (2010), Tokyo (2009), São Paulo (2008), Geneva (2008), Mumbai (2007),New Delhi (2006), Paris (2005), Bahrain (2005), Madrid (2005), Berlin (2005), Kuala Lumpur (2003), Shanghai (2000), Wellington (1999), Los Angeles (1999), Melbourne (1997).

As of 2012 the Group also owns the UK based businesses Walker Media (a media buying agency) and Clear Ideas (a strategic brand consultancy).

Operations in Riyadh, Dubai, Suva, Taipei, Bangkok and earlier attempts in Tokyo and Johannesburg had also started and failed during the fifteen-year period between 1995 and 2010.

Ownership and acquisitions

The initial principal shareholders in M&C Saatchi were Maurice and Charles Saatchi and their founding partners Muirhead, Sinclair and Kershaw – collectively known as "the Partners". They generally held 80% of each office while local management held the remaining 20%.[11] M&C Saatchi remained an independent business until 2004, when all of its worldwide shareholders agreed to float 49% of the agency on the Alternative Investment Market, a sub-market of the London Stock Exchange.[12] In October 2006, Marketing Week announced that Charles Saatchi had divested his 7% stake in M&C Saatchi PLC. Charles had had little active involvement in the running of the agency for a number of years.[13]

Limited acquired 49 per cent of their fashion business from M&C Saatchi in 2010 and M&C Saatchi Agency Pty Ltd (Australia) bought back 20 per cent of theirs.Talk PR

The following subsidiaries were acquired throughout the year: M&C Saatchi Mobile Ltd. M&C Saatchi.One SAS, The Source Ltd, M&C Saatchi Abel (PTY) Ltd and M&C Saatchi SPA.

M&C Saatchi bought a 25% stake in the online media intelligence agency Human Digital in March 2011.[14]

In January 2013, the firm took a 60% stake in Merlin Elite, a talent management agency, that would now be renamed as M&C Saatchi Merlin and merged into the advertising network’s sport and entertainment group.[15]

In April 2017, the firm acquired a 51% stake in M&C Saatchi Sponsorship, based in Madrid.[16]

Partnerships

In June 2018, M&C Saatchi partnered with gambling charity, GambleAware, to create a safer gambling campaign.[17]

People

References

  1. ^ Fendley, Alison (1996). Saatchi & Saatchi: The Inside Story. Arcade Publishing. ISBN 1-55970-363-6.
  2. ^ "M&C Saatchi partners: If you start them up, they'll never stop". The Independent. Retrieved 2018-06-20.
  3. ^ "M&C SAATCHI share price (SAA) - London Stock Exchange". www.londonstockexchange.com. Retrieved 2018-06-20.
  4. ^ Goldman, Kevin (1998). Conflicting Accounts: The Creation and Crash of the Saatchi & Saatchi Advertising Empire. Simon & Schuster. ISBN 0-684-81571-0.
  5. ^ Clark, Mairi. "The Drum speaks to Jeremy Sinclair of M&C Saatchi to talk about the brutal simplicity of thought". The Drum. Retrieved 15 March 2017.
  6. ^ Clark, Mairi. "The Drum speaks to Jeremy Sinclair of M&C Saatchi to talk about the brutal simplicity of thought". The Drum. Retrieved 15 March 2017.
  7. ^ Findarticles.com, Saatchi Sacking Milwaukee Sentinel, 16 January 1995
  8. ^ Carlin, Brendan; Colvile, Robert (5 September 2006). "Saatchis aren't working for the Tories". The Daily Telegraph. London.
  9. ^ Palmer, Katie. "M&C Saatchi boosted by election as ad giant delivers record £13m profits". The Telegraph. Retrieved 17 March 2017.
  10. ^ M&C Saatchi Float Prospectus 2004
  11. ^ M&C Saatchi Float Prospectus 2004
  12. ^ M&C Saatchi Float Prospectus 2004
  13. ^ http://www.marketingweek.co.uk/analysis/charles-saatchi-sells-stake-in-mc/2053202.article Charles Saatchi sells
  14. ^ "Archived copy". Archived from the original on 2011-07-17. Retrieved 2011-07-19. {{cite web}}: Unknown parameter |deadurl= ignored (|url-status= suggested) (help)CS1 maint: archived copy as title (link)
  15. ^ Mark Sweney (24 January 2013). "M&C Saatchi takes 60% stake in talent firm". London: The Guardian.
  16. ^ "M&C Saatchi M&C Saatchi lanza en España una nueva agencia de patrocinios". Dirconfidencial.
  17. ^ "M&C Saatchi to Partner with GambleAware". {{cite web}}: Cite has empty unknown parameter: |(empty string)= (help)
Retrieved from "https://en.wikipedia.org/w/index.php?title=M%26C_Saatchi&oldid=848042185"