Havas global CEO hints at further expansion but admits clients are nervous over future

Havas chief executive Yannick Bolloré has signalled his intention to continue the firm’s expansion in Asia following the acquisition of Indochina specialist Riverorchid.

The deal followed the purchase by Havas of its affiliate in Vietnam, with Bolloré revealing further deals in Asia were likely.

But he warned the industry faces “uncertainty” with clients nervous about the future following the China downturn.

Havas announced the agreement with Riverorchid co-founders Santiphong Pimolsaengsuriya, better known as Pick, and Warwick Olds last week with the agency to rebrand as Havas Riverorchid.