©IDG Communications, Inc. Photo contributed by Matthew Mikaelian.
Wall Street Journal, 3/23/11
Five years after French advertising company Havas SA buckled down on a major debt-cutting drive, David Jones, the new chief executive, is now on the hunt for acquisitions. He has €750 million, or more than $1 billion, on hand.
“The biggest change I will put into place at Havas will be the new offensive phase with a war-chest to invest,” Mr. Jones said in an interview at Havas’s headquarters in the Paris suburb of Suresnes. “We just need to spend the money in the right way.”