A 25-strong agency, Vagedes posted a gross income of $3 million last year on the back of clients like Coca-Cola Co., mail-order house Otto, IBM Corp., Deutsche Bank and Gruner & Jahr.
According to Michael Vagedes, "With Grey in Germany we've found our dream partner because the international Grey network has integrated brand management."
"Michael Vagedes has an excellent reputation [especially given his work] with Deutsche Bank and Gruner & Jahr," said Bernd M. Michael, CEO and managing partner of Grey Global Group Middle Europe. "We expect increasing synergy effects for our mutual business." -- Dagmar Mussey
Copyright July 2001, Crain Communications Inc.