WPP has just announced that Young & Rubicam Malaysia has moved offices. Their new location will be in the WPP campus (Tower H), Empire City, 8 Jalan PJU 8/1, Damansara Perdana, Petaling Jaya
Recently, there has also been talks that Alibaba Group, Tencent Holdings and China Media Capital Holdings are in early-stage discussions about buying roughly 20% of WPP China.
This move predates Martin Sorrell’s departure in April as the advertising group’s chief executive. However now the 73-year old has staged his comeback by taking charge of a shell company, Derriston Capital.
It is interesting to note this move, as Publicis Groupe launched this move for all their agencies end 2017.
This means that every Publicis-owned company in those locations will be housed in a single building.
Its Malaysian agencies have followed suit. All Malaysian Publicis One agencies have moved into one central location in Menara Olympia in line with its strategic reorganisation towards easier access to experts in their respective domains. This enables its various agencies to work together and communicate effectively.