Grey Global Group
Grey Group is a global advertising and marketing agency with headquarters in New York City, and 432 offices in 96 countries, operating in 154 cities. It is organized into geographical units: North America; Europe, Middle East and Africa, Asia-Pacific, and Latin America.
It is a unit of communications conglomerate WPP Group.
History
Founded in by Lawrence Valenstein and Arthur C. Fatt, Grey Global Group began as a direct marketing company named Grey Studios, reflecting the color of the wall of its original quarters, changing to Grey Advertising in 1925.In, Grey acquired its first major client, Procter & Gamble. In 1961, billings reached $59 million and in the same year, Herbert D. Strauss was named president and the firm expanded domestically and internationally. In 1961, the firm opened an office in Los Angeles, and in 1962 the firm opened an office in London and in 1963 in Japan. In 1964, billings reached $100 million.
In 1965, the firm went public, trading on the Nasdaq exchange, and the firm expanded into the use of psychographics. In 1966, Grey became one of the top 10 agencies in the U.S.
In 1967, Strauss was named chief executive officer and chairman, and Edward H. Meyer was named president. In 1969, Strauss was named chairman In 1970, Meyer was named chief executive officer.
In the 1970s, Grey was responsible for several popular ad campaigns including Star Wars toys for Kenner, aspirin and toothpaste for SmithKline, and Stove Top Stuffing for Kraft General Foods.
In 1973, Strauss died of a heart attack.
Through the 1960s and 1970s, Grey continued to acquire major accounts, and grew into related communication fields. In, Meyer became chief executive officer and would remain in that position for 36 years.
In, Grey Advertising became Grey Global Group.
In late, James R. Heekin III became chief executive officer of Grey Worldwide, Grey Global Group's traditional advertising agency. On, he became chairman and chief executive officer of Grey Group, the renamed agency holding company.
Grey San Francisco is the company's San Francisco-based West Coast headquarters. Its clients include Symantec, LendingTree, Pernod Ricard, and SunEdison.
In 2016, Grey acquired , a mobile design and development studio, which it operates as a subsidiary.
In March 2017, Grey's London office announced its rebranding as Valenstein & Fatt for 100 days, to celebrate its Jewish founders and later executives, and to highlight prejudice in society.
In August 2017, Grey Group appointed Michael Houston as worldwide chief executive officer on its 100th anniversary.
In November 2020, WPP Group merged Grey Group and AKQA together to create AKQA Group.
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.