January 27, 2022

5 Mistakes to Avoid When Buying an Ad Agency

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As more companies rebound from the pandemic, advertising is sure to pick up. According to Zenith, ad spend will grow by 5.2 percent in 2022 to $652 billion. So if you work at an agency you love and have thought about buying it, now might be the right time. Just avoid running into the same errors that other buyers have experienced when executing an internal business sale. Here are the five biggest mistakes you could make:

1. Expecting the current owner to take the lead

The prospect of an internal sale is often introduced by an agency owner. That person might approach an employee or group of employees that seem like they’d be interested in buying the business. If you’re a prospective buyer and confirm your interest, the process of negotiating a deal will begin — unless you leave things up to

Global seafood company Thai Union innovates for a sustainable future

The Inside the Mind of the CEO interview series explores a wide range of critical decisions faced by chief executives around the world. For more insight, see PwC’s CEO Survey.

During his three decades as CEO of Thai Union, Thiraphong Chansiri has led the global seafood company through a notable turnaround. After weathering international criticism of Thailand’s fishing industry because of environmental and labor abuses, the company has doubled down on sustainability. Today, Thai Union is a member of the United Nations Global Compact and a founding member of the International Seafood Sustainability Foundation. Chansiri has also focused on expansion and diversification: founded in 1977 as a canned tuna processor and exporter, Thai Union purchased a minority stake in the popular global restaurant chain Red Lobster in 2016.

The 55-year-old Chansiri, who holds a degree in marketing from Thailand’s Assumption University and an MBA from the University

Investors poorer by Rs 4 trillion; key reasons for today’s market fall

The carnage on Dalal Street wiped off nearly Rs 4 trillion worth of investor wealth in early deals on Thursday. Bears came roaring back on the Street, after a day’s break, on the back of the US Federal Reserve’s hawkish stance.

The BSE Sensex index tanked over 1,180 points in opening deals to hit a low of 56,674 while the Nifty50 slipped below the 17,000-mark and hit a low of 16,928.

27 of the 30 index constituents on the Sensex and 47 of the 50 index constituents on the Nifty were in the red.

Tata Steel, Titan, HCL Tech, JSW Steel, Bajaj Finance, Tech M, Wipro, Divis Labs, HDFC twins, Grasim, Shree Cement, Eicher Motors, Bajaj Finserv, Infosys, and Nestle tumbled between 2 per cent and 4 per cent.

In the broader markets, the