MAM
WPP faces twin lawsuits as media arm stumbles
NEW YORK: WPP, the world’s biggest advertising group, is being sued by investors who reckon the company misled them about the state of its struggling media business. Two class-action lawsuits—one from Rosen Law Firm, another from Glancy Prongay & Murray—have reportedly been filed against the British giant, both chasing shareholders who bought American depositary shares between 27 February and 8 July 2025.
The complaints claim WPP painted a rosy picture whilst hiding an ugly truth: that its media arm, formerly called GroupM and now renamed WPP Media, was losing ground to rivals and couldn’t hack the tough economic climate. On 9 July, the firm finally admitted that performance had “deteriorated” through the second quarter, blaming “macro uncertainty” and “weaker net new business” alongside “distraction” from restructuring its media operations.
Investors weren’t amused. The shares plunged $6.48—an 18.1 per cent drop—to close at $29.34. The lawsuits allege that WPP’s upbeat statements lacked any reasonable basis and that executives concealed the media division’s market-share losses.
Both firms are now racing to recruit a lead plaintiff before the 8 December deadline. Rosen Law Firm, which boasts of securing the largest-ever securities settlement against a Chinese company, says investors may be entitled to compensation without upfront costs. Glancy Prongay & Murray is pitching a similar deal.
No class has been certified yet, and shareholders needn’t do anything to remain part of the action. But if they fancy leading the charge, they’d better move fast. WPP’s troubles, it seems, are only just beginning to bite.
Ad Campaigns
Indian Silk House Agencies launches ‘Shubho Smriti’ PoilaBoishakh campaign
Brand celebrates Bengali New Year with stories of 100 women and their saree memories.
MUMBAI: Indian Silk House Agencies has woven a beautiful new story for PoilaBoishakh, one stitched together with memories, emotions, and the timeless elegance of a saree. The leading saree retailer has unveiled ‘Shubho Smriti’, a digital-first campaign that brings together the voices of 100 women sharing their personal celebrations of the Bengali New Year. The campaign highlights how the saree remains an essential thread in these evolving traditions, from daughters gifting their mothers after years of quiet sacrifice to sarees passed down through generations carrying decades of love.
Indian Silk House Agencies CEO Darshan Dudhoria said, “What gives any tradition its relevance over time are the memories people attach to it. For over five decades, we have been closely connected to this cultural fabric. This campaign came from a simple intent to listen to these stories of our customers and bring them together.”
To mark the occasion, the brand has launched a dedicated PoilaBoishakh collection featuring handwoven textiles such as Matka silk and Jamdani, along with classic reds and whites, softer seasonal hues, and brighter options. The collection starts at ₹999 and is now available online and in stores across Eastern India.
By blending cultural nostalgia with contemporary storytelling, Indian Silk House Agencies has created more than just a campaign, it has turned personal memories into a shared celebration of tradition, emotion, and timeless style.
This PoilaBoishakh, the brand reminds us that the most beautiful things in life are often the ones we weave into our own stories, one elegant drape at a time.
