London advertising firm M&C Saatchi has taken a minority stake in the New York creative agency Shepardson Stern & Kaminsky for $8 million.
M&C Saatchi took a 33% stake in SS+K. The move came after the London firmed failed twice in its efforts to establish its own New York division in 1995 and 2007.
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at [email protected].
Thank you.
SS+K partner Lenny Stern said, “M&C Saatchi has been quietly turning itself into the nimble network alternative to holding company behemoths. For us t means the chance to work internationally without losing our identity in a bureaucratic fly trap.”
M&C Saatchi global CEO Moray MacLennan described SS+K as “intelligent, ambitious and creative to its core.”
“With hindsight, I don’t think we ever invested, if we’re honest with ourselves, the time or money to create a flagship office in Manhattan, the toughest of all markets. It’s a brutal old town you have.”
