NEW YORK — Paul Wilmot Communications aims to go global with the help of Fleishman-Hillard International Communications, a public relations and marketing communications firm that has purchased a majority stake in the New York-based agency.
This story first appeared in the September 9, 2008 issue of WWD. Subscribe Today.
Fleishman-Hillard is part of Omnicom Group, the advertising, marketing and corporate communications group with more than 5,000 clients in more than 100 countries.
Paul Wilmot, managing partner and chief executive officer, said the deal will allow his company to open offices in Los Angeles, London and Tokyo. “We have been approached before, but this is about growth and expansion,” said Wilmot. “And I’m not going away. I’ve signed a long-term contract to be here. This is new territory for me and my partners and we will maintain a significant percentage in the business.”
He did not disclose the financial terms of the deal — but happily carried around his newly cut check from Fleishman-Hillard at the shows on Monday.
To date, Paul Wilmot Communications has one office and all of its employees in New York. The 12-year-old agency, which began with a staff of 10, has grown to 35 people who work in five divisions: fashion, beauty and wellness, accessories, culture and lifestyle and special events. Clients include Calvin Klein, Oscar de la Renta, Tommy Hilfiger, MAC Cosmetics, Sean John and the American Ballet Theater.
“We are motivated to grow the business,” added Wilmot, who said the deal has been in the works for about nine months. “They have all of these competencies and they are looking to get more into the areas of entertainment, fashion and luxury. I’m not a synergy guy, but this has turned into a real synergy.”