Cannes Lions 2022: Christian Deuringer and Sorrell discussed client-agency relationships, technology, and the importance of insights.
It is S4 Capital’s first deal since it had to reschedule its annual results twice because of “embarrassing and unacceptable” auditing delays.
The company’s share price slumped by a third at the end of March after it postponed its annual results twice because PwC, the auditor, could not complete its work.
Company and its auditor would already have been “obligated” to disclose any major issue to investors, he says.
PwC 'unable to complete the work' in time for S4’s results due on 31 March.
North America generated the most activity, but deal-making levels in Asia-Pacific and Western Europe were similar to 2020.
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