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Americans swear by the marketing value of the Super Bowl and a host of mythologies surround ideal slot placement, annual “best of” lists, and more. But price tags, declining viewership, and the global pivot away from traditional TV advertising makes us wonder. As the Super Bowl concludes and the Olympics continue, we asked global leaders from Stagwell and our affiliate partners for their thoughts on this key question: what is the value for modern brands in major sporting tentpoles like the Super Bowl, World Club or Olympics? Explore four POVs below. 

WTF (Where’s the Freaking Value?)
Toby Southgate, Global CEO, Forsman & Bodenfors

Welcome, both linear and on-demand viewers, to the annual season of marketing insanity that is the Super Bowl. Welcome to lists, best-ofs, some epic voiceover casting and – for a limited time only! – music licensing and talent fees that’ll make grown adults weep.  

This year, as happens with frequency on our rolling global events calendar, we get to layer the Winter Olympics on top of the Super Bowl boondoggle. “Where should I be investing my media dollars?” comes the plaintive cry of marketers across the land. “Who cares, it’s the freakin’ Super Bowl! Snap it up while you can!” And when snapping up comes in at a couple hundred thousand dollars a second – airtime only – then maybe a cynical voice of reason somewhere should ask the simple question: WTF? Where’s the Freakin’ Value?  

Whoever it was who really said “half my marketing budget works, I just don’t know which half” could probably hold up the Super Bowl, or any one of the other tentpole global sporting properties, as the primus inter parus examples of this dichotomy. If you’re there and you get it right, people will talk about you. If you’re there and you get it wrong, people will talk about you. If you’re not there, people will talk about you not being there.  

For Super Bowl specifically, there’s a purity of value by association that no other event can command. This remains the most-watched live event on the planet. It happens in one evening (unlike the Olympics or the FIFA World Cup), and – here’s the incredible part – it’s maybe the one televised event where real people in the real world will engage in conversations about the advertising they see. You could probably run a very simple segmentation analysis and find 3 major buckets of Super Bowl advertising – the funny, the emotional, and the weird. All have the power to engage and stimulate, or to isolate and offend. But what unites every marketer committing to this opportunity is the knowledge that just being there is no longer enough.  

What happens around the 30 seconds your brand is on air? If you do break through sufficiently to provoke a conversation in the real world, how do you keep that momentum moving? How do you translate it into commercial impact? If your agency partners aren’t pushing that agenda as hard as they are the creative execution of the timing of the placement, then they’re not helping you resolve the “which half works?” question. Because now it’s all linked. And it all has to work.  

Unifying Moments Make the Investment Worth It
Anna Panczyk – Chairwoman of the Supervisory Board, Brand New Galaxy, UK

For me, the answer is built into the question. Yes, the world is fragmented and people do feel disconnected – and so now, especially after the past two years, there’s a renewed impulse for people to find reasons to connect and be together. Sport offers a great way for brands to connect to families, groups of friends and fans – and sometimes even a whole country – with a straightforward common understanding and message.  

Sports allows brands to generate this reach and awareness on a huge scale, but also to tie itself into those personal feelings of togetherness, connection, pride. Sport involves powerful emotions – and let’s not forget, playing, watching and sporting is enjoyable and fun.   

On the other hand, being directly commercially involved in these sort of events is one of the most expensive routes to market. Brand Keys research (https://brandkeys.com) showed that only about 20% of the brands that advertise during prestigious events like the Super Bowl actually emotionally engage viewers. So, you could say – and many do - that involvement like this s a waste of money. But the actual impact of these things is harder to measure. There are plenty of Olympic or Super Bowl ads that stay with you, resonate beyond, become shared, transform into memes. And there are plenty of lowerlevel activation that don’t carry the same cost, but still allow brands to benefit (activations on social media, sales promotions etc). 

What sporting events prove to us every time is that it is always about the journey you take, not just the ultimate goal. And the same logic applies to those great campaigns which – yes, at the level of buying a Super Bowl ad, can also be hugely expensive. But brands continue to recognise the fact that these are rare and unique moments to be shared with their potential users or brand lovers. Moments of national unity, mass awareness, positivity, togetherness and fun – which brand wouldn’t want to get involved?!

Sport is the New Fireplace in a Modern Household
Ashish
Khazanchi – Managing Partner, Enormous Brands, India
 

Where does broadcast stand in the time of Reels, Stories, OTT and the severely divided attention economy? Sport, for most, is possibly the last remaining bastion of appointment viewing across the world. The bigger the stage, the bigger the draw of it.

Events like the Super Bowl, FIFA, Olympics, IPL are important for brands for reasons larger than just the univariate way of looking at it for pure reach. The key for brands really is the intense engagement. Sport for most audiences is a part of identity, and identity narratives. There’s intense identification with the heroes and the myths and their teams. This makes big sporting moments the last remaining lean-forward viewing platform in the era of skip ads and incessant scrolling. Sport is the new fireplace in a modern household. It gets families, friends and communities together. There’s joy, conversations, laughter, tears, jubilation and people huddled together over shared nervous energies. These moments are prime for brands to tap into this energy and audience engagement to drive the conversations towards greater brand love.

How Can Culturally Important Moments Help Tell Brand Narratives?
Daniel Felipe Cuervo – Strategic Planning & Growth VP, Buentipo, Colombia   

Culturally important moments for each country, such as the Super Bowl, World Cup, or Olympics, are moments that brands should take advantage of, for the good and not for the bad. These types of events are perfect for brands to talk about their values and beliefs beyond the product they want to advertise or sell.

The budget investment that brands need for these spaces should be leveraged as a  long-term strategy, rather than their bottom lines in the short-term. Our recommendation to brands: Be smart. Take advantage of this space to create advertising pieces that are highly relevant and above all, tell a story that answers why your brand exists. Go beyond the hunger to sell your product and use this as a chance to communicate your purpose, values and beliefs as a brand.  

 

Follow Stagwell on LinkedIn to keep up with the latest news, work, and perspectives from the global Stagwell network. 

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Campaign Asia

by Robert Sawatzky

CONTACT

Beth Sidhu

FEATURING

Stagwell, the US-based marketing holding company, is making good on its recent pledge to grow in Asia-Pacific through its global affiliate programme with a new partnership deal reached with Southeast Asian online news publisher Coconuts Media. Under the affiliate partnership deal, there is no immediate monetary investment. Rather, Stagwell and Coconuts will collaborate on scaled media placement and distribution across the Coconuts network in Southeast Asia. In addition, Stagwell’s agencies, such as 72andSunny, Forsman & Bodenfors, Allison and Partners, Assembly, Ink and others can team up with Coconuts’ in-house marketing agency, Grove, on joint pitches, marketing campaigns and branded content. Revenue sharing will be split on a project by project basis depending on what is involved.

Coconuts Media, founded by journalist entrepreneur Byron Perry in 2011, has grown steadily over the past decade, publishing online news and lifestyle content to millions across eight local markets (Bali, Bangkok, Hong Kong, Jakarta, Kuala Lumpur, Manila, Singapore, Yangon) including documentaries and videos for major streaming services and networks like Discovery and Netflix. 

“We’re eager to collaborate with Byron and the Coconuts Media team to offer our leading mix of digital and media services to strengthen the APAC offering for our clients,” says Stagwell’s chairman and CEO, Mark Penn. “With the opening of Stagwell’s first-ever APAC headquarters in Singapore and our agencies’ continued success in the region, we’re investing heavily in Asia-Pacific as part of our global expansion this year.”

In November, Stagwell announced its SVP of executive talent, Randy Duax, would lead the APAC office as managing director starting this month to drive “rapid growth” and expansion. The Coconuts partnership is among the first of these regional efforts from its new regional base. Duax tells Campaign Asia-Pacific the two sides were mutually attracted, with Coconuts already having been on his radar for many years before connecting through the affiliate programme. 

“We’re super excited about Coconuts,” Duax says. “For us, they’re in a lot of different markets, they’re deep into social commerce, they’ve got first-party data. It fills in a lot of gaps that some clients have been looking for in this part of the world. And they’re very collaborative, which is something we look for.” 

While it’s less common for news-media publishers to join hands with a single advertising holding company, the deal should allow Coconuts to tap into Stagwell’s media services and research resources and give the company access to a global client base it may not have had before. The latter could be particularly important as Grove, Coconuts’ in-house creative studio for brands, becomes an increasingly important focus for the company.  

“With our publishing roots as a foundation, we are growing our creative and media-buying services and the business of serving clients as a modern creative agency,” says Perry, the company’s CEO. “Partnering with a challenger marketing network like Stagwell makes total sense as we work with larger, more complex global clients.”

Affiliate versus acquisition

What is significant about these affiliate deals is that they’re designed to be the first step on the road to a mutual acquisition agreement. This is something Stagwell made very clear when first announcing its affiliate programme a year ago. 

“It’s a way to soft introduce [Coconuts] to the holding company,” Duax explains. “We’re not taking ownership, we’re not saying you have to move into this office location. For an entrepreneur, if you want to retain control, that’s the appeal.”

Since it launched a year ago, Stagwell has signed up nearly 50 affiliates, including others in APAC such as Metric Design Studio in China, Enormous in India, This is Flow in Australia, and Hong Kong-based Beyond Media Global. 

Making the distinction of how these affiliate deals represent a very different approach from “top-down, holding-company acqusitions”, Duax explains the programme is designed for entrepreneurs looking for global opportunities to bring their own local opportunities and resources in return without the pressure of being forced to work for global clients and projects that they don’t want to.

Similar to the Worldwide Partners network of purely independent agencies, Stagwell’s affiliate collective is a network of successful entrepreneurs and businesses that want bigger opportunities. “You’ve got creative agencies in some of these markets who maybe have never had a media or research component,” Daux explains. “Maybe they have a client that just needs to reach into one specific market and they don’t have that connection. But they don’t [yet] want to sell to a bigger holding company. So for us it’s an opportunity to see if the partnership works out and if they can execute some of the bigger pieces of business we could bring.“  

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FEATURING

Leading publisher with audience across Singapore, Hong Kong, Thailand, Indonesia, Malaysia, the Philippines, and Myanmar to bolster scaled content and media capabilities

NEW YORK, Jan. 14, 2022 /PRNewswire/ — Stagwell Inc. (NASDAQ: STGW) today announced the next step in its expansion into Asia-Pacific via an affiliate partnership with Coconuts Media, the leading alternative online publisher reaching an audience of millions across Bangkok, Manila, Singapore, Hong Kong, Kuala Lumpur, Jakarta, Bali, and Yangon. The partnership meaningfully expands Stagwell’s media investment in the region and adds a key partner with scaled content, production, and distribution capabilities to support global clients.

Via the partnership, Stagwell and Coconuts will collaborate to offer clients a competitive mix of traditional and digital media services, advice on region-specific consumer trends including the high growth in social commerce sales in APAC, and scaled media placement and distribution opportunities informed by first-party data across the Coconuts Media network. Additionally, Stagwell’s agencies in the region – including Assembly, Allison+Partners, 72andSunny, Forsman & Bodenfors, Ink, and more — will partner with Coconuts’ in-house marketing agency, Grove, in collaborative pitches and marketing campaigns. 

Coconuts Media’s publications include Coconuts, serving fresh and juicy news from eight cities in Asia; BK Magazine, Bangkok’s leading source for the best places to eat and hang out; and Soimilk, a daily dose of lifestyle news for Thailand’s digital-savvy youth. Grove, Coconuts Media’s in-house creative studio, ideates and manages campaigns for brands, while Coconuts TV produces documentary and unscripted programs for the likes of Netflix, Discovery, and MTV. 

“With the opening of Stagwell’s first-ever APAC headquarters in Singapore and our agencies’ continued success in the region, we’re investing heavily in Asia-Pacific as part of our global expansion this year,” said Mark Penn, Chairman and CEO, Stagwell. “We’re eager to collaborate with Byron and the Coconuts Media team to offer our leading mix of digital and media services to strengthen the APAC offering for our clients.”

“With our publishing roots as a foundation, we are growing our creative and media buying services and the business of serving clients as a modern creative agency,” said Coconuts Media Founder and CEO Byron Perry. “Partnering with a challenger marketing network like Stagwell makes total sense as we work with larger, more complex global clients.”

The affiliate partnership with Coconuts Media is the latest step in Stagwell’s ambitious global expansion strategy, which has seen the Company add over 40 affiliates in locations across MENA, Asia-Pacific, Europe, and Latin America. In January 2022, Stagwell also launched a corporate headquarters in Singapore to accelerate business development opportunities across APAC and support regional client partners, led by Managing Director, Asia-Pacific, Randy Duax.

“Coconuts is changing the game when it comes to scaled content and premium media partnerships across APAC,” added Duax. “With the growth of their in-house creative agency and recent media acquisitions, they are a powerful partner as Stagwell rolls up its sleeves to help brands transform their marketing in the region.”

About Stagwell Inc.

Stagwell is the challenger network built to transform marketing. We deliver scaled creative performance for the world’s most ambitious brands, connecting culture-moving creativity with leading-edge technology to harmonize the art and science of marketing.  Led by entrepreneurs, our 10,000+ specialists in 20+ countries are unified under a single purpose: to drive effectiveness and improve business results for their clients. Join us at www.stagwellglobal.com.

About Coconuts Media

Coconuts Media is Asia’s leading alternative media company.

Our mission is to inform and entertain our audience by telling true stories that matter across our portfolio of publications:

  • Coconuts, fresh and juicy news on what’s happening Bangkok, Manila, Singapore, Hong Kong, Kuala Lumpur, Jakarta, Bali, Yangon, and beyond
  • BK Magazine, Bangkok’s leading source for the best places to eat and hang out
  • Soimilk, a daily dose of lifestyle news for Thailand’s digital-savvy youth

Coconuts TV, our video brand, produces documentary programs on weird and wondrous stories from Asia for broadcast TV and streaming platforms. Grove, our in-house brand studio, ideates and manages creative campaigns for leading international brands that run on Coconuts brands and beyond.

Each month we reach an audience of millions across Southeast Asia and Hong Kong through digital, print, audio, and video.

We are passionate about journalism, the media industry, and telling the untold stories of our region. Learn more at www.coconuts.co

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FEATURING

NEW YORK, and LONDON, Dec. 17, 2021 /PRNewswire/ — Stagwell Inc. (NASDAQ: STGW) and Stagwell Media Network today announced a strategic partnership with leading out-of-home (OOH) media specialist Talon to accelerate global growth in OOH advertising. Talon joins Stagwell’s network to expand their collective global presence in offering smarter, data-driven, and creative-led OOH planning, buying, and proprietary technologies to advertisers.

With the outdoor movement returning to pre-pandemic levels, the global OOH market is rebounding quickly, achieving a 21.8 percent uptick this year and an expected 13.3 percent increase  in 2022, according to WARC. The combination of Talon’s deep investments in market-leading adtech platforms, including Ada, Atlas and Plato and strategy-led OOH leadership, and Stagwell’s global scale offers brands and agencies around the world a powerful path for accessing innovative capabilities to power outcomes-based OOH campaigns.

“The global digital OOH market is highly fragmented and represents an untapped growth opportunity and Talon has built an impressive portfolio of technology and service capabilities with a deep bench strength of OOH specialists,” said Jon Schaaf, Global Chief Investment Officer of Stagwell. “Our collaboration with Talon will help educate more brands and agencies across the global marketplace on the growing OOH opportunities for tapping into richer behavioral and location insights for quantifying the channel’s true impact across the customer journey.”

Barry Cupples, Talon’s Global CEO said, “The digital transformation of OOH is bringing game-changing opportunities for advertisers to apply modern, data-driven advertising techniques to target audiences and measure outcomes more precisely than ever. Stagwell is one of the fastest-growing and transformative creative services networks and we look forward to our collaboration in fueling our next stage of growth in making it easier for advertisers in more markets to access and execute captivating and performance-driven OOH campaigns that surround people’s everyday journeys.”

With its complementary media capability of global digital out of home, Talon joins Stagwell’s diverse network of Affiliate Partners providing unique solutions around the world. Designed to provide brands with capabilities to engage audiences during pivotal moments across cultures, Stagwell’s Affiliate Network spans a host of capabilities including e-commerce, scaled content and media.

This partnership comes on the heels of Talon’s rapid expansion in the U.S. market. Talon formed a strategic partnership with The Buntin Group to create a new entity named Talon-Buntin America that delivers scale, agility, and expanded capabilities for local and regional brands. In addition, Talon unveiled a new connected video offering, which unifies OTT and digital OOH (DOOH) advertising through a new partnership with MadHive. Earlier this year, Talon formed a North American partnership with Hivestack that makes OOH buying as frictionless as possible with self-serve access for advertisers.

About Talon:
Talon Outdoor is the leading global independent Out of Home (OOH) media specialist and technology services company focused on delivering smarter, creative, data-driven integrated OOH communications. Combining independence with a collaborative approach, Talon promotes open and transparent working relationships between many of the world’s leading agencies, clients, and media partners. Headquartered in London with additional offices in Manchester and its affiliate Talon America LLC headquartered in New York City, Talon delivers expertise at the global, national, regional, and local levels. Plexus is Talon’s global OOH planning and buying network that connects over 20 Talon and partner offices around the world enabling expert campaign planning in over 100 markets worldwide. Please visit www.talonoutdoor.com and www.plexusoutdoor.com follow up on Twitter and LinkedIn.

About Stagwell Inc.:
Stagwell is the challenger network built to transform marketing. We deliver scaled creative performance for the world’s most ambitious brands, connecting culture-moving creativity with leading-edge technology to harmonize the art and science of marketing.  Led by entrepreneurs, our 10,000+ specialists in 20+ countries are unified under a single purpose: to drive effectiveness and improve business results for their clients. Join us at www.stagwellglobal.com.

About Stagwell Media Network
Stagwell’s Media Network is a group of leading multichannel agencies home to more than 3,000 experts with an expansive global footprint across 40+ offices in 20 countries, managing close to $5 billion in media. Agencies include AssemblyMMI AgencyMedia Kitchen, and Grason, creative consultancy GALE, B2B specialist Multiview, multilingual content agency Locaria, and travel and media experts Ink. The network offers marketers a more dynamic partner for global B2B and B2C solutions spanning data, technology, media, and creativity aimed at accelerating business growth for brands worldwide.

Media Contact

Talon America: Ray Yeung + Nancy Zakhary | Relev8 | ray@relev8.co + nancy@relev8.co
Stagwell: Beth Sidhu  beth@stagwellglobal.com  | +1. 202.423.4414

SOURCE Stagwell Inc.

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CONTACT

Beth Sidhu

FEATURING
Corporate Group Photo

Serviceplan and Stagwell have announced a transatlantic team-up for media buying and planning

Stagwell Group and Serviceplan Group have teamed up across the Atlantic for a strategic media buying partnership. What’s behind this transatlantic team-up?

Stagwell Group, the American ’challenger’ agency network led by former Microsoft executive Mark Penn, and Serviceplan Group, the largest independent agency network in Europe, have struck a strategic partnership across their media operations.

The alliance between the two agency groups will see Serviceplan’s Mediaplus Group work ’hand-in-hand’ with Stagwell Media Network, with the aim of expanding their respective footholds in the US and western Europe. Clients of either group will be offered services derived from the other, the groups said.

Chairman and Stagwell chief executive officer Penn said: “This strategic alliance creates a solid alternative to the legacy holding companies that until now have been a marketer’s only option when they want global scale. Collaborating with Serviceplan enhances our ability to deliver integrated customer experiences and targeted media strategies tailored to local markets in Europe and Asia-Pacific.”

Serviceplan boss Florian Heller said: ”Stagwell’s technology-first approach and deep expertise in media, creative and digital transformation are well matched to our capabilities and pave the way for rapid growth, scaled solutions and deeper local market expertise. This strategic alliance positions both companies to deliver unmatched business results for our clients.”

Why have the two groups teamed up?

The partnership will oversee some $10bn in media. Stagwell will gain access to Serviceplan’s extensive media network and its AI-based buying systems – it’s the largest indie media buyer in Europe – while the Munich-headquartered group will in turn be able to access its New York counterpart’s suite of SAAS platforms, such as Koalifyed, CUE, PRophet and Harris Brand Platform. The recently-established Stagwell Media Network includes Assembly, MMI Agency, Media Kitchen, Grason, Gale, Multiview and Locaria.

Speaking to The Drum, Deirdre McGlashan, chief media officer, Stagwell, said that the alliance will help multiply the strengths of each partner. “With Serviceplan’s strong capabilities in local markets and the cross-border approach we both take, our globally combined 15,000 team members have exactly the right mix of digital and traditional media capabilities to drive greater results for our clients.”

“Today, companies operate transcontinental, so we also have to set up the strategy, planning and buying of media across all borders. With Stagwell, we have found our counterpart as an independent yet internationally active agency network on the other side of the Atlantic,“ added Matthias Brüll, chief executive officer at Mediaplus International.

How did the partnership come together?

According to Brüll, the alliance has been in the works for the last six months, aided by the shared history of several Serviceplan and Stagwell executives, who all worked together at WPP’s Mediacom earlier in their careers.

”As independent players, we share some similarities. We talked about how we approach the market. What is the strength in being independent? What does the market really need? What questions do clients have today? And what were the barriers when we were on the other side?” said Brüll.

According to McGlashan, the move is about both companies gaining scale ”in the modern way.”

”Quite frankly, as integrated and complex as media has gotten, it really is about having the right skill set, leveraging the right knowledge across the markets. That’s why this coming together of these two independents – with each of our capabilities and additional ancillary capabilities – is more that we bring each other.”

Can it make Stagwell and Serviceplan more competitive?

McGlashan argues the alliance gives each group an edge over the dominant holding companies. ”With their strong capabilities, our strong capabilities in the market, and the fact that both of us take a cross-border approach … we are going after business that would normally have gone to the traditional holding companies. We are in quite a few pitches with them,” she said.

”If you rewind … five years ago, we were small independents that were growing. [Now] we are outpacing them in terms of growth.”

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Originally released on

Adweek

by Kyle O’Brien

CONTACT

Beth Sidhu

FEATURING

Stagwell is expanding its creative, content, media and marketing communications capabilities throughout Latin America with a new partnership between Stagwell agency Allison+Partners and Latin American heritage agency Grupo Garnier.

The partnership will see Grupo Garnier rebranding offices in eight markets as Allison+Partners, including in Costa Rica, El Salvador, Guatemala, Panama, Honduras, Ecuador, Peru and Mexico. In addition, the agencies will field a joint team in Miami, led by Allison+Partners general manager David Baum and business development director Tomas Saiz to counsel North American brands entering Latin America. Together, the agencies will bring enhanced capabilities across public relations, digital and content marketing to the region.

Mark Penn, chairman and CEO, said in a statement that he has long known Latin America as a “doorway for businesses eyeing global expansion. With more than 600 million people across South America, representing 8% of the population, this collaboration creates an advantage for brands looking to engage the growing market.”

Grupo Garnier, a Stagwell global affiliate, was founded in 1921 and is one of the leading marketing groups in Latin America.

Growing around the globe

Stagwell has been on a growth spurt lately, especially after its merger with MDC Partners was finalized several months ago. In addition to Grupo Garnier, Stagwell added Anchor Worldwide and The Lab to its Global Affiliate network this year, and Allison+Partners entered a strategic partnership with Orient Planet Group to grow in the Middle East. It opened its Miami office in June 2021.

“We began our global expansion through the affiliate partnerships with strategic partners earlier this year, where we have gone into 11 strategic regions. We now have 34 partners in the strategic regions, overseeing almost 96 cities in almost 50 countries,” Anas Ghazi, chief strategy officer for Stagwell, told Adweek.

Ghazi added that the rapid expansion lets the network go deeper in areas of traditional and digital media, ecommerce and content creation. In Latin America, thanks to Grupo Garni, Stagwell inherits strategic partnerships that will help it compete and collaborate in the region’s key markets, especially when it comes to data-driven public relations, which is a key focus for Allison+Partners.

For Grupo Garnier, the partnership gives the storied agency group an infusion of investment into the region, with new PR technologies and training, and the ability for scalable growth. “The brands need a different type of approach with consumers. They’re more concerned about wealth and about intimate relationships,” Arnaldo Garnier, CEO of Grupo Garnier, told Adweek, adding that Allison+Partners and Stagwell brings an “entrepreneurial spirit” to the region.

For Allison+Partners, it immediately adds 100 people in markets throughout Central and South America, which gives the agency a big reach for its existing clients and for new business opportunities. “We’ve been sorely underrepresented in Latin America…to have Allison+Partners team members in those pitches and working for clients just gives us a lot more consistency across the network from a global perspective,” Jonathan Heit, COO, Allison+Partners, told Adweek.

The U.S. and Latin American markets will be centralized through the Miami office of Allison+Partners, which will include support of the Hispanic and Latin markets in the U.S. It will allow the agency to bring its global clients to Latin America, like Toyota, and bring Latin American clients to a global stage.

Allison+Partners and Grupo Garnier join a growing roster of Stagwell peers in Latin America, including creative, localization and content agencies Locaria, Ink and CPB Brazil in Brazil and digital design agency Code and Theory in Argentina.

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