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Omnicom dips as McDonald's picks new agency

Sep. 13, 2019 2:33 PM ETOmnicom Group Inc. (OMC) StockOMCBy: Jason Aycock, SA News Editor1 Comment
  • McDonald's has chosen Wieden & Kennedy as its lead U.S. creative agency, Ad Age reports, dealing a setback to incumbent Omnicom Group (NYSE:OMC).
  • Omnicom has slipped from positive into negative ground on the news, -0.7%.
  • It's an unusual move for a major advertiser toward an independent rather than the bigger holding companies it's used for decades.
  • W&K was one of three agencies under consideration, along with two Omnicom shops: TBWA/Chiat/Day and Adam & Eve/DDB, according to the report.

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