LetsBuyIt.com To Spend �100 Million on Promotion

U.K. advertising agency Abbott Mead Vickers7BBDO
has successfully pitched to run a £100 million ($162 million) global marketing campaign
for LetsBuyIt.com.

Scaninavian-based LetsBuyIt.com has pioneered the ‘co-buying’
concept which brings consumers together at the site and
gets the best deal for them by bulk buying various products.
Available in ten European countries, LetsBuyIt.com launched
in the middle of last year.

The business will add substantially to the revenue of
Abbott Mead Vickers7BBDO, which is the UK’s leading advertising
agency with billings of £406.14
“This is a dotcom with a difference,” said Andrew Robertson,
CEO of Abbott Mead Vickers7BBDO. “A proven product, an inspiring brand idea, and a real business
plan not just a spreadsheet. Oh, and revenue! We’re looking
forward to playing our part in its success.”

Three agencies pitched for the super-account, Abbott Mead Vickers7BBDO
winning it against stiff competition from the BMP DDB Needham and
Ogilvy networks.

“It was our experience of working alongside the agency during
the pitch process that confirmed that the chemistry was right
and to make the appointment,” said Soames Hines, global marketing
director of LetsBuyIt.com.

Soames Hines himself has an advertising background, having
joined Letsbuyit.com from J. Walter Thompson (JWT) where he
was global business director for Unilever and UDV. He also
founded JWT in Shanghai and built it to become China’s
leading agency in three years.

A new pan-European campaign, the first stage of the
global roll-out for LetsBuyIt.com, is scheduled to begin
at the end of this month.

News Around the Web