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Omnicom CFO calls PepsiCo loss to Publicis a disappointment

Omnicom Group logoOmnicom Group
Sig2.85Sen-5.20Env0.00Soc0.00Gov-2.10
Pepsico logoPepsico
Sig2.25Sen-0.90Env0.00Soc0.00Gov0.00
Publicis Groupe logoPublicis Groupe
Sig2.65Sen+1.35Env0.00Soc0.00Gov0.00

Omnicom’s CFO describes the loss of PepsiCo to Publicis as a disappointment and says teams will conduct a root-cause review into what drove the account change, including whether past ties influenced the outcome. He expects tough questions ahead, notes the end of a long, largely unreviewed client relationship, and says Omnicom will adjust its future media pursuit strategy.

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