Advertising hulk Publicis Groupe SA
PUBGY, -2.37%
pronounced it skeleton to sell partial of a health-care business as partial of a broader review, a latest pointer of contraction on Madison Avenue.
The owners of agencies Leo Burnett, Saatchi Saatchi and Starcom Mediavest pronounced sales in a 3 months finished Sept. 30 rose 1.3% on an organic basis—a pivotal magnitude of a company’s opening that strips out banking effects and acquisitions. Analysts had approaching a arise of 1.4%.
Reported income rose 0.5% to €2.2 billion ($2.5 billion), harm by adverse foreign-exchange rates.
Publicis pronounced it is in talks with buyers for Publicis Health Services, a business that provides sales resources to clients that is approaching to broach sales of around €250 million this year. The association also pronounced it has launched a examination of a item portfolio.
An stretched chronicle of this news appears on WSJ.com.
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