MCR takes Soho House private at $2.7B, returning founder to control
MCR Hotels completed its acquisition of Soho House, taking the membership club and hospitality operator private at $2.7 billion, less than three years after its 2021 IPO debut.
MCR Hotels completed its acquisition of Soho House, taking the membership club and hospitality operator private at $2.7 billion, less than three years after its 2021 IPO debut.
Omnicom Group agreed to acquire Interpublic Group in an all-stock transaction valued at approximately $13.5 billion, creating the largest advertising holding company by revenue and marking a watershed consolidation in the sector.
The 2025 Cannes Lions Grand Prix winners were revealed, but Ad Age reported that one winning entry is now under investigation by festival organizers for potential authenticity concerns, raising questions about creative verification at the industry's most prestigious awards show.
Rafa Rizuto has left Ogilvy, with Guillermo Vega appointed as Chief Creative Officer for the agency's North America region, signaling a creative direction shift at one of the holding company's flagship offices.
Jaime Robinson, co-founder of the creative agency Joan, has stepped down after a decade leading the firm, a significant departure at a mid-size independent shop known for its integrated work across design, strategy, and production.
A wave of creative leadership departures is reshaping the agency landscape: Al Mackie leaves Rapp as CCO, Rafa Rizuto departs Ogilvy, and Jaime Robinson exits Joan, signaling broader instability in creative leadership at both holding company flagships and independent shops.
Jaguar Land Rover's Chief Creative Officer has departed following the controversial reception of the brand's rebranding campaign, which faced significant public and internal criticism for its creative direction and departure from heritage.