“Corporate Raider” Holds His Holding Company

from Adweek: Groupe Bollore, the principal company of corporate raider Vincent Bollore, said it has used about 55 million Havas shares to borrow more than $270 million from an unnamed French financial firm, fueling speculation that Bollore will raise his 22 percent stake in the holding company.
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Paris-based Havas is the parent of the Arnold, Euro RSCG and Media Planning Group agency networks. Two key Havas assignments (Volkswagen’s $500 million North American media account and Intel’s $400 million global media and creative business) are currently in review, with incumbent Havas agencies defending.

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About David Burn

I wrote my first ad for a political candidate when I was 17 years old. She won her race and I felt the seductive power of advertising for the first time. Today—after working for seven agencies in five states—I am head of brand strategy and creative at Bonehook in Portland, Oregon.