May 21, 2008

McCann Singapore resigns Fairprice

SINGAPORE - McCann Worldgroup Singapore has resigned the advertising account of Singapore's largest supermarket chain, Fairprice, citing "strategic divergence" as the reason for the split.

McCann Singapore resigns Fairprice

The agency ends a two-year relationship with the NTUC-owned company, which operates 150 supermarkets and convenience stores across Singapore.

Mark Ingrouille, McCann Worldgroup's Southeast Asia area director, said: “Fairprice has some great strengths and is developing in new directions. We’ve had a great couple of years working with them.

But there comes a point in many relationships where strategic divergence [and an unbalanced value return] means that it’s best to move forward in different directions."

"The truth is that Fairprice is just not right for us any longer. And we’re probably not right for them. We wish them every success for the future," he added.

Source:
Campaign Asia
Tags

Related Articles

Just Published

3 hours ago

Meta CMO to publish new book for marketers

Named one of the world’s most influential CMOs by Forbes in 2024, Meta CMO and VP of analytics Alex Schultz is set to release the book this October, exploring the new rules of marketing in the digital age.

3 hours ago

More pocketbook, less politics: How C-suites should ...

Whether tariffs imposed by the Trump administration are on, off or somewhere in between, there are ways executives can address them without inviting political blowback.

3 hours ago

Havas Creative Network appoints Tamara Greene chief ...

Role takes leadership of 'almost all multi-market and global client relationships' within Havas Creative Network.

3 hours ago

Publicis buys identity firm Lotame as Arthur Sadoun ...

CEO outlined client examples in 23-minute video presentation.