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LONDON - Brazilian agency DPZ Propaganda has been stripped of its two Cannes Golden Lions for work on Johnson & Johnson's KY brand, after an investigation revealed that the agency had not worked for the company for three years.
LONDON - Nestle, the Swiss food giant, is to launch a joint venture with the French cosmetics firm L'Oreal to launch a range of beauty foods, which will be packed with supplements to make consumers feel and look more healthy.
BRAND WATCH - A small Irish court case turned into an international incident for Ryanair, while 'people of size' had the same effect on Southwest Airlines, writes Jennifer Whitehead in this week's Brand Watch
LONDON - Reuters is to make a further 650 redundancies as it attempts to cut costs by £100m and hit its profit targets.
LONDON - Cordiant Communications' battered US operation suffered a new blow with the loss of the $35m (£24m) CVS Pharmacy advertising account.
LONDON - Yell, the online and print directories company, has rebranded its direct marketing service to Yell Data.
BRAND WATCH - Change your name, change it back again, spend a fortune -- Consignia/Royal Mail and PwC/Monday branding adventures hit the news this week, writes Jennifer Whitehead in this week's Brand Watch .
NEW YORK - The Interpublic Group of Companies is understood to be in talks to buy a literary agency and a Hollywood talent agency as the advertising holding giant seeks to expand into content.
LONDON - Consignia today reported a £1.1bn, pre-tax loss for the year ending March 2002 as it unveiled more details of its restructuring plan, which will see a further 17,000 jobs lost and the Consignia name dropped.
LONDON - Shares in OneMonday, the PR holding company that owns Text100, received a much-needed boost following the sale of elements to its name to PricewaterhouseCoopers for $5m (£3.5m), as the PwC consultancy arm changes its name to Monday.
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