AD Agencies
Maurice Lévy’s office now on Airbnb
MUMBAI: Maurice Lévy, the eccentric creative genius and Publicis Groupe’s chief executive officer is at it again! Going viral with his traditional ‘end-of-year’ address to everyone at the media agency, and the advertising community at large. Except, this will be his last such address. Maurice Lévy is set to retire by May 2017.
Anyone familiar with Lévy’s festive videos in the past eight years knows that they are anything but a dull monologue on business and growth. Just last year, Lévy surprised everyone by donning a wig and posing for shampoo ad!
But, before anyone could get their hopes up for something similar, Lévy starts the 2016 video in his heavy French accent, by quickly putting the overzealous viewers at bay with “No wigs, no tricks this year.”
Lévy plans to sign off in ‘good old fashion style.”
Touching up on the good and bads of 2016, Lévy admits that the agency’s numbers were seriously impacted by account losses. A reference to the US media accounts of Procter and Gamble and Walmart.
“Never take your eye off the board,” was the tough lesson the agency learned.
On the pros side of 2016, Lévy mentions winning Asda’s UK creative and media business, HP Enterprise’s global account and Coty. Referring to the major structural re-haul that the group undertook in 2016, Lévy adds that implementing ‘Power Of One’ may have been challenging for those who took on new roles, but it is working for the agency. “No Silo, No Solo, No bojo,” he reiterates.
As Lévy goes on share a few tips on client retention, viewers are immediately made aware of some overzealous movers and packers clearing out his cabin. However, he was able to point to winning GSK, Asda’s UK creative and media business, as well as HP Enterprise’s global account and Coty.
Investing in 90 different start-ups to mark its 90th anniversary was the most adventurous thing, Lévy admits in the video. Lévy’s delivery of these hard-hitting facts with a poker face, as one of the removal man tries hard to take off his signature ‘I am the boss’ coffee mug off the table in vain is a comic masterpiece. One can’t miss the fact that only Lévy is able to lift the mug with ease. Is that a hint?
As a truckload worth of ‘chocolate jars’ is retrieved from his locker, Lévy makes a few forward-looking statements. “Now, we must more than ever act as one, think as one and work for our clients as one in order to win and succeed. The group needs you, clients need you and, as always, I’m counting on you. So what’s next? ”
Being optimistic about the group’s future he adds, “We have built an incredibly strong foundation both, in culture and expertise, that runs deep through the foundation of the group. The founder of Publicis Marcel Bleustein-Blanchet, whom I admire enormously, once said: ‘The trick to realising your dreams is to remain a child your whole life.’
“I have applied this to my Publicis dreams and that is my wish for you this year. May 2017 bring you and your families happiness, health and plenty of dreams. Plenty!” he says before walking off the empty room.
The video concludes with his empty room being rented off on Airbnb. For real! Click on the ‘Book Now’ button and you’d be taken to Airbnb’s promotions page where they are away a day in the office of Maurice Lévy as part of the Airbnb Night At program.
The prize is packaged as an Airbnb ad for two guests to stay at an apartment in Paris. Now isn’t that a fine parting gift to an esteemed client?
AD Agencies
Omnicom to divest $2.5 billion businesses in 12 months: CEO John Wren
Group doubles synergy target to $1.5bn as jobs, brands and markets go
NEW YORK: Omnicom Group is preparing to divest or exit businesses generating about $2.5 billion in annual revenue, stepping up a sweeping portfolio overhaul after its $13.25 billion acquisition of Interpublic Group.
Speaking on the group’s fourth-quarter earnings call, chairman and chief executive officer John Wren said Omnicom had already sold or exited units worth more than $800 million in annual revenue and expects to complete the remaining disposals within 12 months.
The company is also scaling back in smaller markets, shifting from majority to minority ownership in businesses accounting for roughly $700 million in revenue. These markets, Wren said, are no longer central to Omnicom’s long-term strategy.
Following the IPG merger, Omnicom has doubled its targeted annual run-rate synergies to $1.5 billion over the next 30 months, from an earlier estimate of $750 million. Management expects to capture $900 million of those savings in 2026 alone, with around $1 billion coming from labour cost reductions as overlapping corporate, network and operational roles are eliminated.
Further efficiencies will flow from simplified regional and brand structures, consolidated resources, and faster outsourcing and offshoring under a unified operating model. In December 2025, the group said it would cut more than 4,000 jobs and fold several agency brands into larger networks.
Wren also underlined stepped-up investment in automation and artificial intelligence to lift margins and sharpen client servicing amid intensifying competition.
The board has authorised a $5 billion share buyback, including a $2.5 billion accelerated repurchase programme, while committing continued investment in media, commerce, consulting and data capabilities.
Omnicom reported a 27.9 per cent rise in fourth-quarter fiscal 2026 revenue to $5.53 billion, reflecting organic growth and one month’s contribution from IPG, compared with $4.32 billion a year earlier. Wren said the IPG combination strengthened the client roster, citing new or expanded mandates from American Express, Bayer, BBVA, BNY, Mercedes-Benz and NatWest Group.
