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Saatchi & Saatchi Wellness company history timeline

1975

In 1975, the Saatchi brothers set upon a ferocious course of business acquisitions.

To achieve the first large merger (Garland Compton in 1975) the brothers sold their interest in their business for shares, receiving 36% of the enlarged group, while Compton United StatesA owned 26% and 38% was held by public shareholders.

1976

Whilst their foundation London office was consistently successful in winning new clients, it too was propelled forward in the 1976 merger with the UK operation of the larger Garland-Compton business resulting in its tripling of size and a relocation into the Compton premises.

1979

Noted work included their campaign "Labour Isn't Working" on behalf of the Conservative Party before the 1979 UK general election and ongoing campaigns for British Airways, and Silk Cut with whom the agency had long relationships.

1982

The 1982 acquisition of Compton's United States business, for instance outlaid $29.2 million in cash and another $27.6 million to be paid over ten years if the agency achieved after-tax profits of $4.07 million.

1987

The bank's Board rejected the offer in September 1987, openly questioned the qualifications of the Saatchis to be running a bank and may have leaked details of the bid to the press.

Difficulties arose after the 1987 Bates acquisition as some clients perceived conflict concerns with other group agencies.

The brothers in 1987 made their boldest move to date when they made plans for a take over run of the ailing Midland Bank, Britain's fourth largest bank at the time with 2,100 UK branches.

1988

From June 1988 (see next section), the company began to use redeemable preference shares to raise capital.

In June 1988, the company issued £176.5 million of convertible preference shares at £4.41 each to fund its acquisition of the Gartner Group, an information technology market research firm.

1989

In June 1989, Saatchi & Saatchi announced its intention to sell off its entire consulting division and to focus on advertising and related services.

His successor was Charles Scott, who had joined the business with Louis-Dreyfus in 1989 as Finance Director.

1992

He affected the sale of a number of businesses (the consultancies Infocom and Hay Consulting would collectively sell for half their initial purchase price) and presided over a major restructuring of the company until his departure in mid-1992.

1994

In December 1994, the Board succumbed to shareholder pressure and sacked Maurice as chairman.

1995

The ousting of the Saatchi brothers in 1995 and the subsequent formation of M&C Saatchi saw a period of turmoil for the agency, as key figureheads from the London office joined the defection to the new entity.

In 1995, Saatchi & Saatchi PLC was renamed the Cordiant Communications Group and the subsidiary businesses split into two main groupings: Research or Advertising.

While the British Airways and Mars defections in 1995 destabilised the agency's reputation in London, it seemed not to affect operations in its biggest market, the United States.

1997

Newly dubbed an "ideas company" by Roberts, the agency sought to usher its resources towards the internet, still very much in its infancy in 1997.

2000

In 2000, after speculation that it would be acquired by WPP or Omnicom, Saatchi & Saatchi joined the Publicis Groupe, a global marketing concern based in Paris, France.

2005

In 2005, critics complained that in creating a £20 million campaign for a new Brazilian spirit the agency spray-painted graffiti images on walls and buildings in the East End of London.

2006

While this met with scepticism in the advertising world, Roberts was vindicated in 2006 when he secured nearly $US700 million worth of billings from two clients, Wendy's and department store JC Penney.

Late 2006 saw the return of some Toyota business, including the £60m pan-European launch of the Auris, Toyota's Corolla successor.

2007

Dr Martens CEO David Suddens decided to fire Saatchi & Saatchi as their advertiser on 24 May 2007.

In July 2007, it was announced by Publicis chief Maurice Levy that Saatchi & Saatchi would form a new business alliance with sister agency Fallon.

2016

In 2016, for example, the UK agency was sitting at Number 12 in Campaign Magazine table of agency billings.

2017

In 2017, the global CEO Kevin Roberts left the agency after a controversy around comments that he made regarding women's equality in the advertising industry.

By the end of 2017, the alliance broke up as Fallon was "realigned" into another Publicis Groupe communications agency, Leo Burnett.

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Founded
1970
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Headquarters
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Founders
Charles Saatchi,Maurice Saatchi
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