J. Walter Thompson Company Strengthens Its Presence in Germany with Strategic Partnership with the Hirschen Group
London, UK (PRWEB) June 16, 2015 -- J. Walter Thompson Company today announces a strategic partnership with Hirschen Group, one of Germany’s leading independent agency groups. This follows WPP’s acquisition – subject to regulatory approval – of a significant minority stake in the Hirschen Group.
The WPP investment allows the J. Walter Thompson Company to further strengthen its offering in a significant European market.
The partnership also gives the Hirschen Group access to J. Walter Thompson’s expansive network and resources, allowing it to invest in further communications disciplines, and develop its partner strategy and agency brands while accelerating its growth plans, in Germany and across Europe.
The Hirschen Group has more than 500 employees across nine offices. Hirschen’s agencies include Zum Goldenen Hirschen, its market-leading advertising agency which recently won the coveted MediaMarkt account – one of the biggest in Germany. Other successful businesses include Ressourcenmangel, Freunde des Hauses and 365 Sherpas.
The existing team will continue to manage Hirschen Group, which will maintain its independent positioning.
Gustavo Martinez, Worldwide Chairman & Chief Executive Officer of the J. Walter Thompson Company, said: “We are delighted to be partnering with one of Germany’s most exciting, innovative and successful agencies. Hirschen Group’s record speaks for itself and this strategic partnership allows us to significantly increase J. Walter Thompson’s offering in a vital European market.”
Hirschen Group Partners Marcel Loko, Bernd Heusinger and Martin Blach, added: “20 years after founding our first agency, we are proud and excited to be creating this partnership with communication powerhouse, J. Walter Thompson. The deal gives us the chance to play an even more significant role in international communications for our clients by spreading our great agencies’ ideas worldwide.”
For more information contact
Noel Bussey
+44 (0)7500991205
Noel(dot)bussey(at)JWT(dot)com
About J. Walter Thompson Company
The J. Walter Thompson Company, the world’s best-known marketing communications brand, has been creating pioneering solutions that build enduring brands and business for more than 150 years. Headquartered in New York, J. Walter Thompson Company was founded in 1864 and is a true global network with more than 200 offices in over 90 countries, employing nearly 10,000 marketing professionals. Today under the leadership of Worldwide CEO Gustavo Martinez, the company has evolved to include several global networks including J. Walter Thompson Worldwide and Mirum.
Noel Bussey, +44 7500991205, [email protected]
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