AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
Euro RSCG gains control of entire dollars 1.5 billion business after McCann is also forced to withdraw.
JWT London is bracing itself for a round of cost-cutting measures and redundancies following the loss of its Reckitt Benckiser business to Euro RSCG Worldwide.
The German-based FMCG giant shocked adland last week when it changed tack in its ongoing global review and awarded its entire business - estimated to be worth dollars 1.5 billion (pounds 827 million) in global billings - to the Havas-owned network.
Reckitt, which owns household names including Harpic, Clearasil, Mr Sheen, Nurofen and Dettol, called a pitch in March this year.
As first revealed by Campaign (10 March), the healthcare giant was looking to reduce its roster from three networks to two.
Euro RSCG Worldwide and JWT Worldwide had approximately equal shares of Reckitt's advertising business. The remainder was held by McCann Erickson. McCann was included on the roster after Reckitt's purchase of the Boots Healthcare International business in October last year for pounds 1.9 billion.
However, in the latter stages of the pitch, McCann was forced to pull out and resign its global Boots Healthcare International business after conflict with SC Johnson (held by McCann's sibling FCB) was flagged up.