LONDON - IPG's Initiative has lost the Johnson & Johnson media business in Europe to Aegis’ Carat, following a global review of the healthcare brand’s $3 billion (£1.48 billion) account.
The new roster sees Carat take the media planning and buying account in Europe, the Middle East and Africa, Universal McCann retains North America, OMD appointed to Latin America and OMD and Universal McCann sharing the account across Asia. OMD will handle India, China, Korea and Australia and Universal McCann will handle Japan and South East Asia.
Naked increased its share of the communications planning account in North America, where it will share the account with IPG's Sandbox.
As part of the new global roster, J&J has made the communications planning account separate to the media planning and buying account, and aims to place communications planning at "the centre" of the business.
Johnson & Johnson called the review in March in order to structure and consolidate its global media and brand communications after it acquired the Pfizer healthcare business in October 2006 for $16.6 billion.
A statement from Kimberly Kadlec, chief media officer and worldwide vice-president at Johnson & Johnson, said: "Our goal was to get agencies and brands working together in a new way. The agencies that pitched for this business did an amazing job of presenting new and innovative approaches, and I'm pleased to say that together we will meet the challenges of engaging with today's consumers."