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| Company type | Subsidiary |
|---|---|
| Industry | Advertising,marketing |
| Founded | 1917; 108 years ago (1917) (as Grey Studios) |
| Founders | Lawrence Valenstein Arthur C. Fatt |
| Headquarters | , U.S. |
Area served | Worldwide |
Key people | James R. Heekin III (executive chairman) |
| Services | Brand management,marketing strategy,creative development,direct marketing,public relations,public affairs,digital marketing,production |
| Revenue | 1.307 billionUSD (2003) |
Number of employees | 2,400 |
| Parent | WPP plc |
| Subsidiaries | Grey G2 GHG GCI Group MediaCom Worldwide Alliance G WHIZ WING Grey EMEA ArcTouch |
| Website | www.grey.com |
Grey Group is a globaladvertising andmarketing agency withheadquarters inNew York City,[1] and 432 offices in 96 countries, operating in 154 cities.[2] It is organized into four geographical units: North America; Europe, Middle East and Africa, Asia-Pacific, and Latin America.[3]
As a unit of communications conglomerateWPP Group, Grey Global Group operates branded independent business units in many communications disciplines, includingadvertising,direct marketing,public relations,public affairs,brand development,customer relationship management,sales promotion, andinteractive marketing, through its subsidiaries: Grey, G2, GCI Group, MediaCom Worldwide, Alliance, G WHIZ, and WING.
Grey Group's international clients includeProcter & Gamble,GlaxoSmithKline,Nokia,British American Tobacco,Diageo,Volkswagen,Novartis,Wyeth,Canon,DirecTV, and3M.[4]
The company has won 10Cannes Lions, anAddy, aClio and anEmmy Award.[4] Grey Group's European network,Grey EMEA, won 26 Euro Effie awards, and is the five-time Euro Effie Agency Network of the Year, in the four consecutive years of 2005–2008[5] and again in 2012.[6]
Founded in 1917 (1917) byLawrence Valenstein andArthur C. Fatt, Grey Global Group began as adirect marketing company named Grey Studios, reflecting the color of the wall of its original quarters, changing to Grey Advertising in 1925.
In 1956 (1956), Grey acquired its first major client,Procter & Gamble. In 1961, billings reached $59 million[7] and in the same year,Herbert D. Strauss was named president and the firm expanded domestically and internationally.[7][8] In 1961, the firm opened an office in Los Angeles,[7] and in 1962 the firm opened an office in London and in 1963 in Japan.[7][9] In 1964, billings reached $100 million.[7]
In 1965, the firm went public, trading on theNasdaq exchange, and the firm expanded into the use ofpsychographics (the analysis of consumer lifestyles).[7] In 1966, Grey became one of the top 10 agencies in the U.S.[7]
In 1967, Strauss was namedchief executive officer andchairman, andEdward H. Meyer was named president.[7][8] In 1969, Strauss was named chairman[8] In 1970, Meyer was named chief executive officer.[10]
In the 1970s, Grey was responsible for several popular ad campaigns includingStar Wars toys forKenner, aspirin and toothpaste forSmithKline, and Stove Top Stuffing forKraft General Foods.[7]
In 1973, Strauss died of a heart attack.[8]
Through the 1960s and 1970s, Grey continued to acquire major accounts, and grew into related communication fields. In 1970 (1970), Meyer became chief executive officer and would remain in that position for 36 years.[11]
In 2000 (2000), Grey Advertising became Grey Global Group. On March 7, 2005 (2005-3-7),WPP Group beat outHavas in a race to acquire Grey Global, the seventh-largest advertising agency at the time,[citation needed] for approximatelyUS$1.3 billion.
In late 2005 (2005), James R. Heekin III became chief executive officer of Grey Worldwide, Grey Global Group's traditionaladvertising agency. On January 1, 2007 (2007-1-1), he became chairman and chief executive officer of Grey Group, the renamed agency holding company.[4] He reports toMartin Sorrell, chief executive officer of WPP Group.
Grey Group, Grey Advertising New York and G2 moved to a LEED certified building at 200 5th Avenue in New York in November 2009, after 45 years at their previous location.[12]
Grey San Francisco is the company'sSan Francisco-based West Coast headquarters.[13] Its clients includeSymantec,[14]LendingTree,[15]Pernod Ricard,[16] andSunEdison.[17]
In 2016, Grey acquiredArcTouch, a mobile design and development studio, which it operates as a subsidiary.[18]
In March 2017, Grey's London office announced its rebranding asValenstein & Fatt for 100 days, to celebrate its Jewish founders and later executives, and to highlight prejudice in society.[19]
In August 2017, Grey Group appointed Michael Houston as worldwide chief executive officer on its 100th anniversary.[20]
In November 2020, WPP Group merged Grey Group and AKQA together to create AKQA Group.[21]
In July 2022, Grey Group named Laura Maness the agency's global CEO, who previously worked at Havas. She is the sixth CEO in Grey history and the first woman to attain the role.[22]
In 1956, Grey co-founder Arthur C. Fatt wrote the longstandingGreyhound Lines catchphrase "Leave the driving to us."[23]
In 1991, Grey Spain conceived forProcter & Gamble an advertising campaign for itsFairy dishwashing liquid for the Spanish market focused on a television commercial in which two fictional towns,Villarriba and Villabajo, compete for the bestpaella at their popular fiestas. The commercial was soon dubbed into other languages and used in markets such as the United Kingdom, Germany, Russia, Portugal and Greece, modifying the detergent bottle with the corresponding local one. The advertising campaign has been renewed many times over the years, it was expanded to other products of the brand and it has even had local versions in other countries. In 2016, Procter & Gamble –which is one of the largest advertisers in Spain– chose Villarriba and Villabajo as their best advertising campaign ever in the country given its popularity and excellent brand positioning results.[24]
During the final weeks of the2008 United States presidential election, the firm debuted a self-funded political ad depicting candidatesBarack Obama andJohn McCain with inverted skin tones and the text "LET THE ISSUES BE THE ISSUE." The campaign was rolled-out both digitally and via newspaper ads and posters hung around New York City. According to creative director Tor Myhren, it was "a non-partisan image. We wanted to address the race issue straight on. And it cuts both ways; if you're hopping on either candidate's bandwagon solely due to the color of their skin, you're voting for the wrong reasons."[25]
In November 2008, the firm began working withToshiba to advertise itshigh-definition television upscaling technology. Its first ad,Time Sculpture, was a Britishtelevision and cinema advertisement which comprised a collection of interacting movement loops sequenced into a single shot.[26] The commercial was based on avideo art proposal by directorMitch Stratten.Time Sculpture holds theworld record for the greatest number of moving image cameras used in a single shot.
In 2009, the firm's London office developed a world record-setting campaign forToshiba titledSpace Chair. The minute-long ad featured the launch of an armchair intonear space attached to aweather balloon at an altitude of 29,952 metres (98,268 ft)—making it the highest-altitude television commercial that had ever been filmed.
In 2010, Grey was listed onFast Company's "50 Most Innovative Companies". In 2010, it was added toAdvertising Age's "Agency A-List". In 2006, Grey was awarded 12 "Spots of the Week" byAd Age, which placed it second highest overall.[citation needed]
In 2016, Grey for Good, Grey Group's philanthropic communications division, created a hoax app that claimed to usecrowdsourcing to help the refugee crisis in the Mediterranean Sea.[27] After it was debunked by developers, the Apple Store pulled the app on the same day it was awarded a Bronze Lion at theCannes Lions festival.[28]
| Year | Association | Category | Nominee(s) | Result |
|---|---|---|---|---|
| 2017 | Diversity in Media Awards | Media Company of the Year | Valenstein & Fatt (Grey London) | Nominated |
