Emily Tan
Jun 19, 2014

Samsung no longer seeking a holding company in global pitch

CANNES - Samsung has announced a change of strategy in its ongoing global pitch and is no longer looking for a single holding company to handle all of its marketing.

Samsung no longer seeking a holding company in global pitch

See all of Campaign Asia-Pacific's Cannes coverage here, and visit Campaign@Cannes for round-the-clock festival coverage by our entire international team.

According to sources here at Cannes, Samsung is now looking for 'best-in-class' agencies in every category.

The global account, which would have brought a single winner a reported $14 billion, has seen incumbent agency Cheil investing heavily in media technology to stand a chance at winning the entire pie. 

In Asia-Pacific, Cheil manages most of Samsung's business in China, while it shares Southeast Asia with Leo Burnett. Media-wise, Starcom MediaVest has the account throughout the region with the exception of India, where IPG Mediabrands' Lodestar holds the account.

The pitch, which is being managed by R3, is expected to draw to a close in about two months.

 

Source:
Campaign Asia

Related Articles

Just Published

17 hours ago

Amazon CEO Andy Jassy on using AI to win over ...

The e-commerce giant’s CEO revealed fresh insights into the company's future plans on all things consumer behaviour, AI, Amazon Ads and Prime Video.

19 hours ago

James Hawkins steps down as PHD APAC CEO

Hawkins leaves PHD after close to six years leading the agency, and there will be no immediate replacement for him.

19 hours ago

Formula 1 Shanghai: A watershed event for brand ...

With Shanghai native Zhou Guanyu in the race, this could be the kickoff to even more fierce positioning among Chinese brands.

23 hours ago

Whalar Group appoints Neil Waller and James Street ...

EXCLUSIVE: The duo will lead six business pillars and attempt to win more creative, not just creator, briefs with the hire of Christoph Becker as chief creative officer.