TBWA\Worldwide buys out 49% held by George John & others in TBWA\India
TBWA\Worldwide has announced the completion of its acquisition of the 49 per cent shareholding in TBWA\India currently held by Indian shareholders. Following this acquisition, TBWA together with Omnicom, will own 100 per cent of TBWA\India. George John, the largest of the three Indian shareholders, and Kurien Mathews will remain with the agency until the end of September, after which George John will serve TBWA\India in an advisory capacity. The third shareholder N Krishnan will assume an expanded role as COO, TBWA\India Group.