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Evening Standard

Business

Rhiannon Curry

Cannes Lions owner Ascential mulls spinning off digital assets in the US

United States Cannes Lions London New York

John Legend and Chrissy Teigen at Cannes Lions in 2019
(Picture: Getty Images for Twitter)

The company behind the Cannes Lions advertising festival is considering a break-up of part of its business, moving some of its operations to list on the US stock market.

Ascential, which advises retailers and technology companies through brands including Flywheel and Perpetua, is currently listed in London, but could demerge its digital operations and list them separately in New York.

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