Lowe confirms 303 acquisition
Cleaver
Interpublic agency Lowe has confirmed that it has bought a majority stake in 303 Group, a move reported by Mumbrella in August.
The acquisition means the end of the reign of Lowe boss Stephen Pearson, who has moved back to New Zealand.
The group will be led by 303’s CEO Nick Cleaver, who told Mumbrella three months ago: “Being the size we are, and with the credentials we’ve got, we are bound to be the focus of speculation like this. But it’s not true.”
I wonder if they’ll have the Christmas party at Low302
Haha. It’ll need to be a place with cheap booze — Lowe Sydney has gotta be one of the hardest-drinking agencies on the planet. Those guys are practically at 1980s levels.
Nice one Nick – well done, Success richly deserved!
Is it “303 Lowe” or “303LOWE”?
so what was with the denial only a month or so ago?
Wonder if they will have Cleaver’s Meats at the Chrissy party as well.
Shame – another independent successful Agency lost to the sterile world of a big group!!
mmm – Is it mmm or MMM or TripleM?