Commarco is Germany's biggest independent marketing services
group,
managing a portfolio of different agencies including Scholz & Friends and the local arm of the Lowe network. During the
1980s, Scholz was acquired by Bates Worldwide, and it was subsequently groomed
to become a second advertising brand within the Cordiantportfolio. In 2001, Scholz merged with UVE, a publicly quoted production company specialising in live
entertainment programming for television and the internet. The resulting business,
still controlled by Cordiant,
was Germany's first publicly
quoted advertising and marketing communications group. Financial
problems within Cordiant led Scholz to regain its independence
in 2003, and the business is now privately owned. The Commarco umbrella entity was created in 2007. Advertising
Age ranked Scholz' parent group Commarco as the #31 worldwide ad organisation in
2008 with revenues of $197m.
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