STAGWELL INC Stock Price, News & Analysis

Assembly has been appointed as the Media Agency of Record for T. Rowe Price, effective January 2023. The global media agency will oversee T. Rowe Price’s omnichannel media program in the U.S., enhancing customer engagement across its product offerings. This partnership aligns with T. Rowe Price's commitment to a client-first strategy, previously acknowledged with the 2020 Morningstar Exemplary Stewardship award. The collaboration aims to create a tailored media roadmap to navigate the complexities of modern media landscapes, leveraging Assembly’s innovative technology and strategic planning.

Instrument, a digital agency under Stagwell (NASDAQ: STGW), has announced the opening of applications for its Build. Grow. Serve. (BGS) pro bono program, aimed at supporting Black and systemically excluded communities. The program is backed by a $3 million commitment and includes offering design, strategy, and technology services to selected organizations. Key components involve donating work hours, matching donations exceeding $355,000, and granting employees paid time off for volunteering. Applications are open until March 10, 2023, with project completions expected by the end of the year.

On February 8, 2023, Stagwell's National Research Group (NRG) released a whitepaper titled "Building Brand Fandom at the Super Bowl," emphasizing the significant marketing potential during major sporting events like the Super Bowl. The report analyzes fan engagement, revealing that 96% of Super Bowl viewers are fans of at least one brand advertising during the event, with 41% stating they became fans due to Super Bowl commercials. NRG's findings highlight that Super Bowl fans are likely to be advocates and trendsetters, making them valuable for brands seeking deeper connections. This research supports Stagwell's upcoming Sport Beach activation at Cannes 2023.

Stagwell (NASDAQ: STGW) appointed Helen Lafford as Senior Vice President and Chief Growth Officer for the U.K. and Europe, effective February 7, 2023. Based in London, Lafford aims to drive international growth and cross-agency business development. With 25 years of experience, including previous roles at Initiative, Publicis Groupe's Blue 449, and Mindshare Worldwide, she has a proven track record of securing major clients like Nike and Amazon. This leadership addition comes as Stagwell seeks to enhance its presence in the global market, leveraging Lafford's expertise to achieve further growth in the marketing sector.

Stagwell (NASDAQ: STGW) has appointed Nick Fox, former Chief Communications Officer of Virgin Group, as head of its newly established Risk and Reputation Unit. Based in New York City and Washington, D.C., Fox has over 14 years of experience in communications and will advise clients on managing complex issues such as geopolitical tensions and financial pressures. Stagwell's Chairman and CEO, Mark Penn, expressed confidence in Fox's ability to enhance the company's offerings, citing his extensive expertise in global communications. This strategic move aims to broaden Stagwell's international reach and improve client success.

Stagwell (NASDAQ: STGW) announced it will report financial results for the three and twelve months ending Dec. 31, 2022 on March 2, 2023, before market opening. The company will also host a video webcast at 8:30 AM (ET) on the same date to discuss these results. Interested parties can register for the webcast through Stagwell's official site, where a replay will also be available post-event. Stagwell, a challenger network, aims to transform marketing through creative performance and technology, serving clients across 34+ countries with over 13,000 specialists.

On January 25, 2023, Stagwell (NASDAQ: STGW) announced the integration of CJ Worx, Thailand's top independent advertising agency, into its Global Affiliate Network. This strategic move aims to enhance Stagwell's marketing capabilities in Asia-Pacific, leveraging CJ Worx's expertise in creative content and digital transformation. CJ Worx has garnered significant accolades, including Thailand's first Cannes Lions Grand Prix. With this partnership, Stagwell bolsters its operational reach, now including nearly 80 affiliates across various global markets, enhancing its ability to serve clients effectively.

On January 24, 2023, Stagwell Technologies announced the appointment of Jason Brandt as Managing Partner, Commercial. Brandt brings over 30 years of digital experience, having previously led digital efforts for Procter & Gamble at Grey Group. His focus will be on enhancing enterprise growth through technology, aiming to transform static digital roadmaps into engaging consumer experiences. Stagwell Tech, under this new leadership, expands its mission to directly support brands in their digital transformation initiatives, leveraging its capabilities within the Stagwell Marketing Cloud.

Stagwell (NASDAQ: STGW) released findings from the January Harvard CAPS / Harris Poll, revealing significant voter concerns about President Biden's classified documents and the upcoming debt ceiling negotiations. Over 64% view the classified documents issue as a serious breach, with strong bipartisan support for investigations. On the debt ceiling, 63% of voters want the limit raised with spending constraints. Additionally, the poll indicates widespread support for securing Social Security and immigration reform. Speaker Kevin McCarthy is perceived as moderate, with 78% of voters viewing him positively.