Publicis formally rejects misconduct claims

Pippa Chambers
By Pippa Chambers | 25 January 2018

Media and communications giant Publicis Groupe has been the victim of anonymous destabilisation attempt and has moved to reject the claims with a cryptic press statement.

The suggestion is that an anonymous individual is looking to rock the group by casting aspersions about possible financial malpractice.

In a global announcement via press wires, the network says it was undergoing a destabilisation attempt following the “dissemination” to its auditors and some financial analysts of an anonymous letter stating that Publicis Groupe overvalued its organic growth for 2016 and 2017, through an “early application of IFRS 15” (an international financial reporting standard).

“Publicis formally rejects these allegations", the company says.

“The author of this letter obvious has no knowledge of accounting standards and is proceeding by amalgam, for the sole purpose of creating doubt and disturbing the reality of Publicis Groupe's figures.”  

In the short and somewhat cryptic note, Publics Groupe says it has informed AMF and is also studying all possible legal options at its disposal to respond to this attempt at destabilisation.

Earlier this week Publicis Groupe named R/GA global chief creative officer Nick Law as global chief creative officer of Publicis Groupe and president of Publicis Communications. Read more here.

In Australia we spoke to Matt James, CEO Australia and New Zealand at Publicis Media, about how Publicis is smashing cultural and structural barriers. Check out the piece here.

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