Here is your daily round-up of news that matters in the marketing, media and advertising world, brewed hot and fresh in just 60 seconds.
Top News Today:
Dentsu Group Posts $737m Loss For 2019
Dentsu Group has posted a $737m loss for 2019 in its latest earnings report, with an organic revenue decline of 1% globally for the full year, as mentioned by Campaign Asia. In Asia-Pacific, the group reported an organic revenue decline of 12.3%.
Starbucks Appoints Brady Brewer As CMO
Starbucks has appointed Brady Brewer as CMO. In his new role, Brewer will oversee the coffee chain’s marketing plans and manage its F&B portfolio.
Kraft Heinz Plans To Cut Agency Relationships In Half
Kraft Heinz plans to slash the number of design and creative agencies by half this year, according to Adage. At an earnings conference call, CEO Miguel Patricio said that the number of agencies will be reduced from 36 to 19.
Facebook Launches Hobbi
Facebook has launched a new photo and video sharing app called Hobbi, designed for documenting personal projects. As per The Verge, it resembles Pinterest and follows a similar concept of capturing DIY hobbies like cooking, fitness art and craft & more.
Duroflex Appoints Smita Muraka as VP, Marketing India
Duroflex has appointed Smita Murarka as VP, marketing for India. She moves from Amante where she was heading marketing.