Showing posts with label bollore group. Show all posts
Showing posts with label bollore group. Show all posts

Friday, July 10, 2026

17533: Thank God It’s French Court Day.

 

MediaPost reported an appeals court in Paris ruled Vincent Bolloré did not control Vivendi when the company split into four separate enterprises. No, Bolloré probably delegated control to his sons and privileged kin.

 

French Court Rules Vivendi Not Controlled By Bollore

 

By Steve McClellan

 

Vincent Bollore dodged a $9 billion-plus bullet earlier this week when an appeals court in Paris ruled that he did not exercise control over media conglomerate Vivendi during the period when the company divided itself into four separate companies. They included a newly independent Havas, now publicly traded on the Euronext Amsterdam Exchange. 

 

The news was reported by several European outlets including Reuters. One investor group, CIAM, said it would appeal to the French Supreme Court, reports indicated. 

 

The issue of Bollore’s control of the company has been the subject of minority shareholder lawsuits and appeals to regulatory bodies since the company split apart in 2024. Each side has won a couple of rounds.  

 

It’s not clear when the legal battle will end, but if it is determined that Bollore did exercise control, French laws would require Bollore Group to make a tender offer for outstanding minority shares of Vivendi and its spin-off companies. Analysts peg the value of that tender at between $9 and $10 billion.  

 

Vivendi issued a statement confirming the Appeals Court decision, saying it “fully confirms” an earlier court analysis that Bollore did not control the company. Bollore did not issue a comment.

Monday, June 08, 2026

17501: On Expanding The Havas Creative Network.

MediaPost recently reported Havas Creative Network—an oxymoron, for sure—created new and expanded roles for White people.

 

The spotlighted executives were not blood relatives of the Bolloré clan, so the appointments arguably show progress—emphasis and eyeroll on progress.

 

Havas Creative Network Taps Former UM CEO DeMiero For New Senior Role

 

By Steve McClellan

 

Havas Creative Network today announced the appointment of industry veteran Joe DeMiero as its Chief Client and Business Officer for North America, a new role at the firm. 

 

DeMiero was US CEO at Interpublic media agency UM for two years (2022-23). He joins Havas from Sam’s Club, where he was vice president, marketing.  

 

Separately, Maggie Connors has been upped to North America CMO, overseeing marketing and prospecting strategy, brand storytelling, industry events and partner experiences. The role is new for the region and previously Connors was global marketing and brands officer. 

 

And Pat Thistlethwaite has been promoted to North America Chief Growth & Experience Officer, overseeing “the full North America pitch operation” the firm stated. It’s an expanded role for Thistlethwaite, who previously was global CX officer, Havas CX.

Thursday, March 26, 2026

17415: BTW Bolloré, Bribes, Brothers, BS.

 

MediaPost reported Vincent Bolloré will finally stand trial on political corruption charges related to allegedly bribing politicians in Africa over 15 years ago.

 

Bolloré is accused of delivering discounted services via Havas to two presidential contenders in Togo and Guinea—helping them win elections—in exchange for shipping port contracts.

 

Oddly enough, the scenario could represent a rare and unique DEIBA+ initiative for the White holding company.

 

No word yet if Bolloré will appoint one of his sons to make court appearances in his place.

 

Vincent Bolloré To Stand Trial On Political Corruption Charges

 

By Steve McClellan

 

Bolloré Group controlling shareholder Vincent Bolloré will stand trial on corruption charges related to election campaigns in Togo and Guinea from 2009 to 2011, according to Reuters which cited a statement from the French financial prosecutor’s office on Thursday.

 

Bolloré was formally arrested in 2018 when authorities were looking into allegations that Bolloré provided discounted communications services via Havas to two African country presidential contenders (both won) in exchange for contracts to run shipping port concessions.

 

While Vincent Bolloré stepped down as Chairman and CEO at Bolloré Group in 2022, he is said to remain a major influence at the firm through his control of an entity called Financière de l’Odet, the largest shareholder of the group.

 

His son Cyrille succeeded him as Chairman and CEO at Bolloré Group. Entertainment firm Vivendi and ad holding company Havas, which Bolloré Group has controlling stakes in, are both headed by another son, Yannick Bolloré.

 

Reuters reported that two other persons are co-defendants in the case, including Gilles Alix, a former board member of Vivendi, and Jean-Philippe Dorent, who is currently head of Havas International Consulting, which provides reputation management and related services.

 

The trial is scheduled to start in December, according to reports.

 

Representatives from Havas and Bolloré had not responded to requests for comment by deadline.

Friday, December 22, 2023

16478: Breaking Up The Family Empire…?

Adweek reported on the possibilities posed by a sale of Havas and other enterprises in the Vivendi outhouse empire, including critical commentary on the currently connected companies.

 

“[Havas] is also a relatively unprofitable, complicated and unwieldy part of the group. They are undersize in the U.S. and in media,” according to an anonymous former Havas executive. “And, despite what the release says, they have been very reluctant to make big acquisitions—Havas and [Vivendi] will never get scale without that.”

 

Hmmm. The critic clearly does not have blood ties to the Bolloré Billionaire Boys Club.

 

An Independent Havas Could Lead to Structural Changes and Acquisitions

 

Owner Vivendi will consider spinning off the agency network to drive growth

 

By Stephen Lepitak

 

French media company Vivendi’s announcement that it’s exploring a sale of Havas—as well as sister company Canal+ Group and stakes in publisher Lagardère and Telecom Italia—could unlock more value for the agency, making it attractive to potential buyers, sources tell Adweek.

 

The potential sale follows the partial sale of record label Universal Music Group (UMG) in 2020, when 10% was acquired by a consortium led by Chinese media company Tencent. Since the listing of UMG, Vivendi has seen a substantially reduced valuation, meaning growth for its subsidiary companies has been limited.

 

“In 2020, Havas was a mere 15% of Vivendi’s revenues, with UMG and Canal+ dominating the numbers and holding center stage,” said Green Square partner Barry Dudley. “When Universal was spun out in 2021, Havas shifted toward the limelight at just under 30% of revenues. If the next step is a stock exchange listing all to itself, Havas will suddenly be putting on its own show.”

 

In the six years since Vivendi acquired the remaining 59.2% stake in the advertising agency held by the Bolloré Group, the ad industry has gone through a fairly tumultuous period of change, as client demand for digital transformation strategies and the advancement of artificial intelligence have disrupted the commercial creative sector.

 

Unlocking value for future owners

 

Havas is the fifth-largest communications agency network globally and has been led by chairman and chief executive Yannick Bolloré for the last decade. He also serves as chairman of the board at Vivendi.

 

“If it is to unlock the additional value that is being held back within Vivendi, it is going to need to be quickly communicating a very clear and purposeful strategy,” Dudley explained.

 

Adweek understands that on Friday, a meeting was held with leadership within Havas to reassure them over concerns that arose from the surprise company announcement.

 

Further speculation has indicated that Havas could become a takeover target to merge with a rival agency network group, or potentially a consultancy such as Deloitte or Accenture looking to improve its creative and media credentials.

 

According to Vivendi’s third-quarter results, released in October, Havas’ net revenue was $714 million (654 million euros), with organic growth year-over-year of 4.5%. That followed second-quarter organic growth of 6.3%.

 

“[Havas] is also a relatively unprofitable, complicated and unwieldy part of the group. They are undersize in the U.S. and in media,” said one former Havas executive who requested anonymity. “And, despite what the release says, they have been very reluctant to make big acquisitions—Havas and [Vivendi] will never get scale without that.”

 

Ownership, acquisitions and agency structure

 

It is thought that even with going public, the Bolloré family would continue to run the businesses outside of Vivendi’s direct ownership.Dudley explained that the agency network’s strength was its creative business with Havas owning 148 agencies worldwide, including agency network BETC. These are based across its 73 “villages.”

 

This could lead to Havas following the WPP strategy of consolidating agencies to simplify the structure for clients.

 

Former Dentsu International and WPP executive Euan Jarvie, who now acts as chairman, investor and adviser for companies, believes that the major holding companies still have transformational challenges in their structures with the rise of consultancies entering the ad market, making driving scale even tougher.

 

“The next few years will [see] a rise of more indies and much more of a struggle for large corporates in and outside the ad market,” Jarvie said. “There is still lots of money in the markets for equity of capital investors to get into this space.

 

“All industries disrupt themselves generationally or evolutionary from time to time,” Jarvie added. “Advertising is doing both, so now might be a great time for Vivendi to consolidate and get value back in from some of its assets.”

 

Dudley added that the business will already be looking for its next high-profile acquisition deal following that of creative agency Uncommon earlier this year, with an eye on either Asia or the Americas.

 

“One thing is for sure: Doing deals is going to be fundamental in the mid-term,” Dudley said.

Monday, December 18, 2023

16474: Minding The Family Business…

MediaPost published commentary on the possibility that Vivendi, Havas, and Bolloré Group might split into three separate public companies. It will probably happen once Vincent Bolloré decides which of his kids can be anointed to run each company. There are undoubtedly heated discussions happening over the Bolloré dinner table.

 

Will Havas Become A Separate Public Company Again?

 

By Richard Whitman, Columnist

 

Entertainment conglomerate Vivendi, which owns Havas Group and is controlled by France’s Bollore Group is considering a plan to split into three separate public companies.

 

The rationale, according to the firm is that as a single conglomerate its shares are trading at a “discount,” limiting its ability to execute its desired growth strategy. Splitting into the three companies would maximize the value of the different entities, the firm believes.

 

The firm spun off Universal Music Group in 2021. Now the board has been authorized to explore a plan to split into three companies.

 

If the plan is approved it would once again make ad holding company Havas Group an independent publicly traded firm, which it had been until Vivendi acquired it in 2017.

 

Yannick Bollore is CEO of Havas and Chairman of Vivendi’s Supervisory Board. His father Vincent oversees Bollore Group.

 

In addition to Havas, media company Canal+ would be spun off into its own unit as would a third “investment company” whose initial assets would include book publisher Lagardère. It would have a portfolio of companies in media, entertainment and other culturally focused companies.

 

Vivendi said it would work with banks and other advisors to assess the feasibility of the proposed split including the tax consequences to shareholders. No timetable was issued for completing the assessment, but an update will be provided in “due course.”

Monday, June 08, 2020

15039: Havas Needs More Than A Long Weekend To Contemplate Its Cultural Cluelessness.



Campaign reported Havas CEO Yannick Bolloré gave staffers the day off last Friday to “contemplate our roles in improving racial justice and diversity in and outside of our business…” Oh no you didn’t. Um, how about eliminating the cronyism and nepotism that keeps holding companies like Havas exclusively White? Just a thought, son.

 

Havas CEO tells staff to take day and ‘contemplate our roles in improving racial justice and diversity’

 

By Oliver McAteer

 

Havas staff have been encouraged to take Friday to stand united against racism.

 

CEO Yannick Bolloré said “the purpose of this day is to contemplate our roles in improving racial justice and diversity in and outside of our business, to take personal action or to do whatever you feel best serves you, your personal journey, your loved ones and your communities.”

 

He adds: “For those of you who are impacted directly, this day may be used to mourn and heal.”

 

The CEO underscored that “America is in pain right now” and the black community and Havas’ black employees are hurting deeply.

 

Bolloré said the company is actively working on additional resources, programming and actions that will be shared both at global and village/agency level in the coming weeks.

 

The note in full:

 

As a network, we represent 20,000 people in over 100 countries. Within this, there are different cultures, different languages, different skin tones. We would not exist without our villages around the world and without the people, communities and cultures that fill them.

 

The agency community as a whole, and our business, is far from perfect. We have much to do and learn. But what we know without question is that we stand firmly with great pride for all of our people, and our broader communities, and for their equal right to inclusion, opportunity and justice no matter their skin tone, gender, sexual orientation, religion, age, differences in ability or any other demographic factor.

 

North America, which represents a large part of our organization, is in pain right now. The black community and our black employees in particular are hurting deeply. There has been massive public action, including riots across the US and Canada over the last week, in response to the senseless death of George Floyd and the many others before him. Many of these cities are places where we have villages and where our employees and their loved ones work and live. Many of our employees are impacted directly, some fearing for their personal safety or the safety of their loved ones and communities. Our entire workforce globally is impacted by this as they watch these events unfold and confront these issues within their own countries. This is happening while our people around the globe continue to cope with the impact of Covid-19.

 

Please know that none of you are alone. Our power as a creative company is in our community, in our village. We stand together against discrimination, we acknowledge and respect each of your cultures and we state with utmost strength – black.lives.matter.

 

This Friday, we are going to honor a day dedicated to reflection and solidarity, echoing the actions of our great friends at UMG who are doing the same thing tomorrow. The purpose of this day is to contemplate our roles in improving racial justice and diversity in and outside of our business, to take personal action or to do whatever you feel best serves you, your personal journey, your loved ones and your communities. For those of you who are impacted directly, this day may be used to mourn and heal.

 

We are actively working on additional resources, programming and actions and will be sharing them both at the global and village/agency level in the coming weeks. We want to thank those of you who have reached out to support our black employees and who have acted quickly to support this cause. We need your ideas and input as we work on this as a company. Please contact your local HR leaders who have been gathering resources and ways to engage from across the business if you would like to get involved. Most importantly, your mental wellbeing is paramount during this time. If you need support, please contact your leadership and HR teams across the globe at any time as they are here to support you.

 

As a company, we draw strength from our diversity. We send our personal commitment to be a part of the solution and are here to listen, learn and support now and always.

Friday, October 19, 2018

14340: F-Bombing Havas.

AgencySpy posted follow-up factoids featuring the fuck-ups at Havas Chicago. Fortunately, few folks bother to visit AgencySpy anymore, which will perhaps lessen the demoralizing embarrassment experienced by the drones working at the agency—especially the few of them who fucking love it.

Regardless, the sloppy post highlighted fucking hilarious points worth noting:

• Fucking Hilarious Point 1 The White advertising agency hosts something called “Havas Faces, a series of regular discussions primarily concerning matters related to diversity and inclusion.” Of course, attendance and participation is not mandatory. And discussion topics probably involve brainstorming for the next award-winning-yet-hypocritical publicity stunt.

• Fucking Hilarious Point 2 Havas CEO and Chairman Yannick Bolloré allegedly spanked Havas Creative North America CEO and Chairman Paul Marobella and Chief Creative Officer and Chairman Jason Peterson for producing the shitty video wherein they said other shops were shitty agencies. From now on, Marobella and Peterson must let Bolloré review videos before release. Given that Bolloré landed his position via nepotism—making his credibility and credentials questionable at best—the edict is like if Jeff Sessions and Kellyanne Conway were told that everything they planned to do must first be approved by Eric Trump.

• Fucking Hilarious Point 3 Chief Creative Officer and Chairman Jason Peterson appears to be an ignorant boss. This is not uncommon in adland, where people are elevated based on ego and execution versus leadership skills. So maybe Peterson warrants some compassion for lacking the basic qualities of a legitimate leader. For example, Peterson posted an Instagram message stating the need to “fight fire with fire.” As a professional courtesy, MultiCultClassics offers this simple wisdom: “When tempted to fight fire with fire, always remember the fire department fights it with water.” People like Peterson typically require a few decades to figure this out.

• Fucking Hilarious Point 4 Chief Creative Officer and Chairman Jason Peterson appears to be an arrogant douchebag. It’s bad enough that he green-lighted the insipid installation that generated more bad press for his agency—and escalated internal chaos and morale problems for his staff. But AgencySpy claimed, “He apologized if it had offended anyone before adding, ‘I’d do it again in a minute.’” Sorry, but an apology without amends demonstrates maximum insincerity and minimal integrity.

According to AgencySpy, the offending installation has been removed and will be replaced by a breast cancer campaign. In light of all the gender-related controversies in the advertising industry and society at large, let’s hope Peterson doesn’t fuck up this self-promotional exercise too.

Friday, April 27, 2018

14125: Billionaire Bolloré Bribed Blacks…?

Adweek reported former Havas Chairman Vincent Bolloré had been detained and later charged by French authorities over allegations that he bribed African governmental officials in 2009-2010. Great. A White advertising agency finally partners with Blacks and it turns out to be an allegedly illegal scenario. Maybe Bolloré realized he couldn’t use his go-to move—that is, nepotism—and had to compensate with a rich guy’s back-up tactic. A peek at the current Havas leadership shows the crew would likely lack cultural competence and credibility in Africa. Then again, Marian Salzman—the self-proclaimed discoverer of wiggers—is on staff to offer assistance. Of course, the Bolloré Group is vehemently denying the accusations. But is it really inconceivable for a billionaire who controls a media empire and holding company—and is probably inclined to solve matters by buying things and throwing money at problems—to resort to bribing foreign officials?

French Authorities Detain Former Havas Chairman Vincent Bolloré for Alleged Corruption

Billionaire denies claims that Havas bribed African officials

By Patrick Coffee

Less than a week after announcing that his son Yannick will soon lead both his media empire Vivendi and his marketing network Havas, French billionaire Vincent Bolloré has reportedly been detained by police over allegations that he used the agency network to bribe African government officials nearly a decade ago.

According to a story first reported by France’s Le Monde this morning, Bolloré is currently in the custody of French authorities for questioning over claims that his company, Bolloré Group, actively facilitated corruption in Togo and Guinea in 2009 and 2010.

The report holds that Bolloré Group—which was, until last summer, the single largest shareholder in Havas—allegedly helped officials in these countries in exchange for contracts that directly benefited Bolloré SA, the single largest operator of shipping ports in Africa.

In a response, the Bolloré Group confirmed that it is under investigation, stating that the allegation was made by an unnamed former employee who was recently sentenced to nearly four years in prison “for misappropriation of assets.”

“Its former subsidiary, SDV Africa, did not engage in any illegal actions and the Bolloré Group reaffirms that these communication services were conducted in full transparency,” the statement continued in reference to the services in question. According to a later report by Bloomberg, Havas allegedly provided free or heavily discounted “communications advice” to politicians running for reelection nearly a decade ago.

The Group’s statement denies each of these claims.

“For more than 50 years, Havas has brought its expertise in communications to political campaigns around the world in full compliance with the law and regulation and transparency standards,” said Bolloré Group’s statement. “The hearing of its executives should provide the judicial authorities with useful clarification regarding these issues that have been assessed by an independent expert. This expertise led to the conclusion that these transactions fully complied with all laws and regulations.”

Regarding the specific claims made in this report, the statement continued, “Bolloré Group won the concession in Togo in 2001 long before it started to invest in Havas. In Guinea, Bolloré Group won the concession in 2011 following the failure of the winner of the tender (Bolloré Group came in second in the bidding process) which was recognized before the presidential election.”

“Attempting to link the attribution of a port concession with communication services translates a great misunderstanding of this economic sector and economic activity in general,” it read.

Spokespeople for Havas declined to comment on the news. Representatives for Vivendi also referred to the Bolloré Group statement, telling Adweek that this matter does not concern their business.

No charges have been filed against Bolloré at this time.

In last week’s earnings call, the elder Bolloré announced that his son would soon take over as chairman of Vivendi, which owns such brands as Universal Music, Canal and Daily Motion. Yannick officially became global CEO of Havas Creative Group in summer 2017 with the departure of Andrew Bennett, who later went to Bloomberg.

Thursday, May 12, 2016

13188: The Havas Dysfunctional Family.

Campaign spotlighted Havas Chief Talent Officer Patti Clifford, who bragged about the agency’s 56 percent female majority. First of all, Havas Chief Talent Officer is an oxymoron. And Clifford is a regular moron. Commenting on an onboarding program that explains to new staffers the agency connections to enterprises like the Bolloré Group, Clifford gushed, “Regardless of where an employee joins the Havas Group, they will know they are part of a bigger connected family.” Yes, and the bigger connected family runs on nepotism.

Sunday, September 20, 2015

12859: Bolloré Bullshit.

Campaign reported Havas Global CEO Yannick Bolloré thinks advertising agencies talk too much about digital and technology. “When I read the statements of my peers—our competitors—they say tech and digital is key,” said Bolloré. “But creativity is our core business. That is what we need to do, especially in an over-fragmented media landscape. A good piece of creativity navigates better in the ocean of content.” Bolloré added, “A pen is a piece of technology. We need the best of technology to enhance the creativity. But we need to be proud to be an advertising company. We should not be ashamed. Creativity is key.” Okay, but Havas is hardly a creative powerhouse—it’s just another mediocre White advertising group. Hell, the place saw fit to buy Victors & Spoils. Bolloré has blubbered about creativity before, and he really needs to stop. After all, the man demonstrates that success in the field is not a result of creativity; rather, it’s about who you know and/or who you are related to.

‘I don’t know and I don’t care’: Havas’ Bolloré on digital revenue split

By Kate Magee

Speaking at Dmexco today, Havas’s global chief executive Yannick Bolloré said agencies talk too much about digital and technology.

Bolloré said he doesn’t know – and doesn’t want to know – what percentage of Havas’s business comes from digital, because breaking down the business like that is “nonsense.”

Bolloré spoke at the Dmexco conference in Cologne, Germany this morning.

When asked what percentage of Havas’ revenues come from digital sources, he replied: “I don’t know and I don’t want to know how much is coming from digital. For me, it’s a nonsense.”

The reason, he said, is because the business should be integrated: “You have to put yourself in the customer’s shoes. These worlds are intertwined. Digital is a tool to make advertising work.”

He said agencies should not lose sight of what they do and he criticised his competitors for talking too much about digital and technology.

“When I read the statements of my peers – our competitors – they say tech and digital is key. But creativity is our core business. That is what we need to do, especially in an over-fragmented media landscape. A good piece of creativity navigates better in the ocean of content,” he said.

He added: “A pen is a piece of technology. We need the best of technology to enhance the creativity. But we need to be proud to be an advertising company. We should not be ashamed. Creativity is key.”

Tuesday, June 23, 2015

12726: Cretins On Creativity 2.

Campaign continued its Cannes coverage by asking Omnicom Pioneer of Diversity John Wren, Dentsu Dimwit Jerry Buhlmann and Havas Favored Son Yannick Bollore to comment on creativity. Here are the comedic cracks:

• Wren said, “Our agencies see [creativity] as a core asset that has to be acquired, built and maintained; an asset that can be leveraged.” Yes, and that’s why Goodby Silverstein & Partners and Fathom Communications are parity products.

• When asked to name the most creative thing he owns, Buhlmann said, “My wine collection, which has been in the making for more than 30 years.” Meanwhile, Buhlmann’s advertising agency collection is the Riunite of the industry.

• Bollore said, “There is a lot of focus at the moment on new digital media and data but creativity is still a pillar of the advertising industry and we are still investing heavily in our creative people—no algorithm will ever replace a creative director.” Perhaps, but a monkey with a Mac could easily replace most of Havas’ creative directors.

Saturday, February 21, 2015

12533: Havas Not The Smartest.

Campaign reported on the latest attempts to resuscitate Havas, with the White advertising agency’s leaders declaring, “We want to have the best margin, the best people, the best creative.” Wow, that’s an original goal. But wishing to go from worst to best doesn’t make it so.

“If you have the smartest people in your business, then you win. It’s really not that complicated. Pretty much every company in our market has the same game plan, the same strategy; but whoever does it fastest, with the best people, wins,” explained Havas Worldwide Global CEO Andrew Benett. “The way we encourage talent, the degree of latitude we give people, the ideas we want from people—that is what makes Havas different from other companies in our space. Our culture is now rooted in entrepreneurialism, collaboration, open-mindedness.”

Benett seems oblivious to making the classic mistake of announcing revolutionary change without first demonstrating clear and measurable progress. Indeed, that Havas lacks “the smartest people” in the industry only confirms Benett’s babbling bullshit. Havas talent—which continues to be an oxymoron—is mostly rooted in cronyism, nepotism and other assorted isms that perpetuate exclusivity versus excellence. Plus, the smartest people must also have a smart environment and structure to succeed—and Havas is hardly renowned for its internal IQ.

It’s really not that complicated: Walk the walk before you talk the talk. Otherwise, you won’t look too smart.

‘We want to have the best margin, the best people, the best creative’

By Claire Beale

Havas is making waves with a series of radical structural changes, from the establishment of a creative council to the appointment of Chris Hirst. Claire Beale weighs up the group’s new ambitions.

When Havas gathered its worldwide management at the BFI Imax in London late last month for a three-day programme of seminars and pep talks, behind the scenes the company was also laying final plans for a radical shake-up of its key brands.

By the end of the three days, Russ Lidstone, the chief executive of Havas’ London ad agency, had been ousted (fired by telephone by the co-global president Kate Robertson), a new creative council had been unveiled and details had been finalised for scrapping one of the oldest brands in the UK direct marketing sector, EHS, in favour of a new global CRM network, Helia. A bold restructure in the New York offices followed days later.

Then, last week, Havas pulled a coup, snaring Chris Hirst from Grey London to run Havas Creative Group in the UK and Europe. It was a stunning move. Even observers who questioned why Hirst would jump the ship he was finally setting on an exciting course for the unknown – and, frankly, challenging – Havas vessel had to admit the appointment gave some shape to a group offering. After too many years of merely inching forward strategically, it seemed Havas is finally acting. While the jury’s obviously out on the new structures, the changes are the most ambitious moves the company had made for quite some time. So often most interesting either as a takeover target or potential acquisitor, Havas suddenly seems to have found a new operational purpose.

There are several catalysts for such decisiveness. The first can be traced back to early 2014, when Havas’ long-serving golden boy, David Jones, a Brit who’d climbed to the top of this most French of companies, quit his chief executive post. Jones, a consummate account man who’d latterly seemed consumed by his role as the co-founder of the One Young World alliance, was replaced by Yannick Bolloré.

The charismatic – though relatively inexperienced – son of Havas’ now majority shareholder, Vincent Bolloré, Yannick was joined by Andrew Benett, the former chief of Arnold Worldwide, who was given reign over the agency network as the global chief executive of Havas Creative Group and Havas Worldwide.

At the London conference, they made an interesting pair: Bolloré appears to have all the charm and stage presence while Benett, not an obvious grandstanding leader or instinctive creative arbiter, is said to have a keen intelligence and strategic thoughtfulness. With this new leadership in place for a year now, it was time for some action and, with a second catalyst for change coming last month when the Bolloré group raised its stake in Havas to a majority 73 per cent, a clear strategic plan was vital.

Benett certainly has some ground to make up: international wins have been thin on the ground and losses in recent years have included ExxonMobil, Jaguar, Heineken and three of RB’s largest brands. Observers say he’s no David Jones when it comes to glad-handing clients, but his consultancy credentials (after years at the Added Value group) bring a strategic edge.

“I’m very interested in whether an agency can be different – can it play an indispensable role for clients, can it act more like a consultancy, where you’re paid to do something bespoke and distinct and add tremendous value?” Benett explains. If he has a schtick, it’s talent. He says: “If you have the smartest people in your business, then you win. It’s really not that complicated. Pretty much every company in our market has the same game plan, the same strategy; but whoever does it fastest, with the best people, wins.” Giving that talent some entrepreneurial headspace is key, though, Benett insists: “The way we encourage talent, the degree of latitude we give people, the ideas we want from people – that is what makes Havas different from other companies in our space. Our culture is now rooted in entrepreneurialism, collaboration, open-mindedness.”

That cultural ambition appears to be matched with a structural one – most interestingly, perhaps, in relation to further collaboration between Havas and the French media group Vivendi, a former owner of Havas at the turn of the century. Vincent Bolloré is now Vivendi’s chairman and, with a 5 per cent stake, its biggest shareholder.

“We’re working a lot on cross-initiatives with Vivendi, like the data alliance, looking for ways to collaborate better,” Benett explains. “We want to sit at the cross-section of content, entertainment and technology, and that’s where Havas and Vivendi come together philosophically and enable one another.” A full-blown merger has been mooted. Acquisitions are also high on the to-do list, Benett admits: “We’re highly acquisitive now. We have a very good pipeline of things we’re looking at right now or deals we’re finalising. But we’re not going to buy revenue for the sake of being bigger. Yannick talks about us being the fittest, not the biggest; we want to have the best margin, the best people, the best creative, be the best place to work.” And therein lies the clear, and very tough, brief for Hirst.

THE UK HEADS

Martin Brooks, Daniel Floyed

When Havas acquired Work Club in 2014, it was only a matter of time before the hotshop was harnessed to support the plodding Havas Worldwide London. However, working out how to do that – meeting the ambitions of the Work Club founders while retaining a separately managed (and incentivised) main agency – has proved a challenge.

With Russ Lidstone’s departure came a new management iteration that hopes to bridge the two brands and strengthen collaboration. Martin Brooks, the former joint chief executive of Work Club, and Daniel Floyed, the global brand director at Havas Worldwide London and now in charge of the shop, are the new co-managing partners at Club Havas, and they put on a good show of camaraderie. Having previously worked together on Pernod Ricard, Iglo and RB when they were at separate agencies, Brooks says the pair always gravitated towards each other. “This is just very much a people industry,” he says. “You just end up, despite what you are being told by your bosses, working with the people you like working with. We have worked together before but it has snowballed in the past year or so.”

It may only be a year, but Floyed is already finishing Brooks’ sentences, and it’s clear that the pair are genuinely looking forward to learning more about each other’s disciplines. “I think if you’ve got a partner where you walk into a room, you know you’re going to have fun and you’re going to come up with new stuff together, and there’s a light sense of competition that one of you is going to come up with a better idea, it’s good fun,” Brooks says. “I’ve spent most of my career in direct digital; Dan seems to completely understand the global market and what they want to buy and how to get the best out of the networks. I think Dan’s very good at understanding how the network ticks. I’m more of a single-office entrepreneur who builds things, so I think the combination goes really well together.”

Floyed adds that, with the collaboration, “we are stronger, we are better, and it makes both sides of the equation”.

By Gurjit Degun

Tuesday, February 17, 2015

12516: Havas Talent Is Oxymoron.

Advertising Age reported on Havas’ statements on profits and growth. These financial disclosures might constitute the most creative acts that holding companies annually present, in terms of being rose-colored-glasses-half-full-putting-lipstick-on-a-pig scenarios. For Havas—aka the Bolloré Family Business—things are hunky-dory. “Europe is almost 50% of our revenue … Chris Hirst is a star. It’s great proof that great talent wants to join us. Our people will feel even prouder to be part of this journey when they see such senior talent that will come and lead us in the future,” gushed Havas Chairman and CEO Yannick Bolloré. “When I first started at Havas five years ago it was not that easy to attract talent. I have seen a turnaround in the last couple of years and now a lot of very senior talent wants to be part of Havas… When you are living in very disruptive times you need to be able to adapt.” Um, it’s more like a White People Shuffle, where the same White men and White women are rotating between the holding companies. It’s not progress—it’s perpetuating privilege.

Havas Grows 5.1% in 2014 Despite Q4 Slowdown to 3.5%

CEO Bolloré Says Attracting Senior Talent is Much Easier Than it Used To Be

By Emma Hall

French communications group Havas reported organic growth (excluding acquisitions) of 5.1% for 2014, with revenue of $2.1 billion and net new business of $2.5 billion for the year.

But organic growth slowed in the fourth quarter to 3.5%. Revenue was $627 million and new business totaled $626 million.

Growth in Europe reached 4.4% for the full year, but was flat in the fourth quarter of 2014. This morning, Havas announced a major hire with the appointment of Chris Hirst, the highly-regarded CEO of WPP’s Grey London office, for the new position of CEO of the Havas Creative Group in the U.K. and Europe.

Yannick Bolloré, chairman and CEO of Havas, said on a call with analysts, “Europe is almost 50% of our revenue … Chris Hirst is a star. It’s great proof that great talent wants to join us. Our people will feel even prouder to be part of this journey when they see such senior talent that will come and lead us in the future.”

Mr. Hirst has overseen a transformation at Grey London, which has reinvented itself as a creative agency and won some major accounts under his stewardship. New business wins include Vodafone’s $80 million business just last week, after picking up the global lead on Volvo from Havas’ Arnold Worldwide in December 2013.

Havas poached another senior WPP figure in January, hiring Y&R New York’s chief creative officer, Jim Elliott, to the newly-created role of global chief creative officer at Arnold Worldwide.

Mr. Bolloré said, “When I first started at Havas five years ago it was not that easy to attract talent. I have seen a turnaround in the last couple of years and now a lot of very senior talent wants to be part of Havas… When you are living in very disruptive times you need to be able to adapt.”

North America saw organic growth of 5.4% for the year and 7.3% in the fourth quarter, boosted by a number of big account wins including Dish Network, Dove Mencare, NetJets, LVMH, Emirates, Paypal, and Liberty Mutual. Havas Worldwide in New York and Chicago, and Havas Media North America were singled out as particularly strong performers in the region.

In Asia Pacific and Africa, growth reached 10.8% for the year, driven mostly by Australia and the Middle East, while Latin America’s 5.2% growth was described in a Havas statement as “satisfactory… mainly thanks to a strong performance from Brazil.”

Havas reported 1.1% growth for its home market France, despite a “slackening” in the fourth quarter. In the U.K., organic growth reached 9% thanks to a strong first half of the year, driven by media, data and healthcare communications. The rest of Europe grew 3.9% in 2014, up from a 2.7% decline during the same period the previous year, despite a slower fourth quarter.

Havas made six acquisitions last year, including Work Club in London. “We are very satisfied with the way they have been integrated,” Mr. Bolloré said, “And we will continue on this path. We have nothing in the pipeline that is transformational but we will still look at companies with great talent that can add value to our existing network. We are less cautious and more optimistic than we used to be.”

Asked about prospects for France in 2015, Mr. Bolloré said that he thought French international companies would do well because of the weaker dollar and lower oil prices, and referenced the Charlie Hebdo shootings in Paris when he said, “The year has started with mixed feelings. After the terrorist attacks, we had some men with guns guarding our buildings. We can see that there is more confidence now, but a lot of it is relief.”

In an indication of the influence of Havas’ majority shareholder Bollore Groupe, which is involved in the electric car business, Havas noted that the company has a fleet of electric cars for business travel and recently introduced electric shuttle buses between the Havas office and public transit stations.