Tokyo police have arrested an employee suspected of orchestrating up to JPY 700 million (US $6.7 million) in fake billings.
The Japanese holding company has the option to increase its 25% equity stake in Public Digital to a majority interest in the future.
Addition of five agency brands including United Communications Group and Interplan adds 711 new employees and substantial marketing and activation capabilities.
AGENCY REPORT CARD: See Hakuhodo's overall grade and our detailed report breaking down its 2019 performance in terms of leadership, creativity, innovation, business growth, and people/diversity initiatives.
The network pursued a wide range of initiatives including adding to its overseas operations in 2019, and had an impressive year creatively. See if it was enough to justify a higher grade.
Hakuhodo wants to take advantage of a market experiencing "burgeoning digital business growth".
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