Martin Sorrell, the former CEO of WPP, is concerned about tech platforms like Google and Facebook encroaching on the turf of large advertising agencies. He believes that these platforms are increasingly taking on roles traditionally held by agencies, posing a threat to their business models. Sorrell also warns that agencies need to adapt and innovate in order to stay competitive in this rapidly changing landscape.
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China cracks down on Calvin Klein, Tommy Hilfiger parent companies | News
China's MOFCOM added PVH and Illumina to its 'unreliable entity' list for violating market principles and discriminating against Chinese companies, amid escalating US-China trade tensions. PVH faces scrutiny for alleged improper conduct in Xinjiang, impacting its presence in China, while Illumina's inclusion reflects broader geopolitical tensions. The move comes as part of China's response to US sanctions, signaling increased scrutiny of US corporations operating in China. Full Article
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