Grey loses $60m US Panasonic account as client calls review

NEW YORK - Grey Worldwide has lost its $60m (£34.6m) Panasonic North America advertising account after the client informed the agency that it was to review the business.

Grey has handled the US account since 1981. Sister WPP Group agency MediaCom handles media and Grey also handles Panasonic's business in Asia. These are unaffected by the US ad review.

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