December 8, 2015 / 12:41 PM / 3 years ago

France's Publicis loses P&G contracts in U.S.

Dec 8 (Reuters) - French advertising agency Publicis Groupe has lost Procter & Gamble’s (P&G) media contracts in the United States, the company said on Tuesday, confirming media reports.

The contracts are worth 50 to 60 million euros, or 0.6 to 0.7 percent of the group’s revenue, the agency’s spokeswoman said.

“P&G continues to be one of our main global clients,” the spokeswoman said.

Publicis, through Starcom Mediavest Group, continues to work for P&G in Canada and 42 other countries, including China, the UK and Russia.

Publicis shares fell 2 percent on Tuesday after media reports said it had lost most of P&G’s North American contracts to Omnicom. (Reporting by Gwenaelle Barzic; writing by Alan Charlish; editing by Maya Nikolaeva and Jason Neely)

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