NEW YORK, Jul 29, 2011 (BUSINESS WIRE) --
Interpublic Group (NYSE: IPG) issued the following statement:
"We are proud of the great work Draftfcb has delivered to SC Johnson for nearly 60 years and of the powerful brands that the agency helped to build around the world. We are disappointed with today's decision. We remain fully committed to Draftfcb's integrated model, which has made it among our top performing units in recent years and allowed it to significantly diversify its marketing offerings and revenue base. We will be reviewing transitional plans on the SCJ business, but the impact to our financial results in 2011 will not be material."
Interpublic is one of the world's leading organizations of advertising agencies and marketing services companies. Major global brands include Draftfcb, FutureBrand, GolinHarris International, HUGE, Initiative, Jack Morton Worldwide, Lowe and Partners, MAGNAGLOBAL, McCann Erickson, Momentum, MRM Worldwide, Octagon, R/GA, UM and Weber Shandwick. Leading domestic brands include Campbell Ewald; Campbell Mithun; Carmichael Lynch; Deutsch, a Lowe and Partners Company; Gotham Inc.; Hill Holliday; ID Media; Mullen and The Martin Agency. For more information, please visit www.interpublic.com.
SOURCE: Interpublic Group
Tom Cunningham, 212-704-1326
Jerry Leshne, 212-704-1439