Advertising Age reported The Coca-Cola Company is launching a global review for media, data, and technology, staging a France vs UK battle royale between Publicis Groupe and WPP.
The scenario underscores how serving global brands are closed affairs, exclusive privileges available only to a handful of White holding companies and a single White operating company.
In the US, Coca-Cola has a history of intentionally excluding Blacks from its marketing efforts.
Looks like the colorless campaign continues. Let them eat—and drink—crumbs.
Coca-Cola media, data and tech agency review pits WPP against Publicis
By E.J. Schultz, Brian Bonilla, and Ewan Larkin
Coca-Cola Co. will conduct a global agency review for media, data and technology needs, setting up a shootout between Publicis Groupe and WPP, the beverage giant confirmed.
The rival holding companies will compete for the business in Coca-Cola’s top global markets, excluding North America, where Publicis is the incumbent, and Japan and Korea, where it works with Dentsu, Coca-Cola confirmed to Ad Age. Mediasense will handle the review, which will begin in July with a decision expected in the fall.
The review is driven by Coca-Cola’s desire to evolve “its digital-first marketing operating system for future growth. This includes a shift in mindset from traditional media planning to the emerging ways we need to reach consumers through technology, including agentic tools,” the company stated.
Coca-Cola Co. reported $5.4 billion in ad expenses in 2025, up from $5.1 billion in 2024. Coca-Cola was the 19th-largest advertiser in the world and the 27th-largest advertiser in the U.S. based on 2024 spending, according to Ad Age Datacenter.
The review comes nearly five years after Coca-Cola hired WPP for creative, media, data and marketing technology across its 200 or so brands, setting up a bespoke unit called Open X. WPP in early 2025 lost its grip on a significant chunk of that business when Coca-Cola Co. hired Publicis Groupe for its North America media account. Now Publicis has an opportunity to significantly expand its remit with Coca-Cola, potentially at WPP’s expense. Publicis finished a close second during the 2021 review, but at that time, Manolo Arroyo, Coca-Cola’s global chief marketing officer, said WPP’s global reach tipped the scales in its favor.
The new review “coincides with a contract renewal cycle following the start of our five-year partnership with WPP Open X, which has helped to modernize our marketing approach and deliver significant business value,” Coke stated, adding that “global creative and PR disciplines are not in scope of this review and will remain with WPP Open X.”
“We are proud to serve as The Coca-Cola Company’s global network partner,” WPP shared in a statement. “The upcoming five-year contract renewal process coincides with Coca-Cola’s Next Chapter initiative, and we will continue to transform our capabilities in lockstep with them. We welcome the opportunity to showcase how our integrated media, data science, and agentic technology platform and solutions will continue to drive future growth across their key global markets.”
Publicis didn’t return requests for comment.
WPP has been building some much-needed momentum in the pitch room, with WPP Media raking in $1.5 billion in new client billings during the first quarter, according to COMvergence. There is, however, a lot riding on the Coca-Cola account. Marketing consultants previously told Ad Age that any further losses or missteps with the beverage giant could signal deeper systemic issues within WPP.
It is the latest test for Cindy Rose on the eve of her first time at the Cannes Lions International Festival of Creativity as WPP’s CEO.
Open X has seen leadership changes since losing the North America media account. When Laurent Ezekiel moved from Open X CEO to take the top post at Ogilvy in September, WPP handed the reins of the bespoke team to Floriane Tripolino, previously WPP’s client lead for NestlĂ© and a former Publicis executive, with Ezekiel staying on as executive sponsor.
In September, Ezekiel told Ad Age the Open X model was going “very well.” At the same time, Devika Bulchandani, WPP’s chief operating officer, made clear that WPP intended to reclaim Coca-Cola’s North America media account.
In April, Coca-Cola reported a 12% jump in first-quarter net revenue, to $12.5 billion. The company in part credited efforts to execute “locally relevant marketing at scale to drive enduring brand value,” citing programs such as an AI‑enabled campaign in China inspired by traditional Chinese paper art. WPP’s EssenceMediacom cited the effort on its website, suggesting it led to 8% year-over-year sales growth.
Coca-Cola, in recent years, has shifted much of its advertising to targeted digital channels and stepped back from big tentpole events such as the Super Bowl. However, it still spends big on the World Cup and Olympics.






