
Grey Global Group (US)



Grey
Global Group became a subsidiary of WPP
during 2005, although it continues to operate as a distinct and semi-autonomous
business.
The group had
long been the subject of merger speculation prior to its acquisition. Its reputation for careful account management has earned the loyalty of
several long-standing advertisers, not least Procter & Gamble, a client
for almost 50 years. But although a small number of shares were traded
publicly, Grey was to all intents and purposes a private company, controlled by patriarch Ed
Meyer.
Those years of speculation finally came to an end in 2004 when it was
revealed that Meyer was prepared to consider a sale. The deal with WPP finally completed in March 2005.
Advertising Age estimated advertising revenues of $645m in 2007, making Grey the
#14
agency network worldwide. Click here
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markets.
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Grey
Worldwide website


WPP

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