Fri, 08 Sep 2017 | ADMINISTRATION
Embattled British PR firm has shown signs that it may go into administration as early as next week, according to reports.
The firm, which has been stripped of its membership of the industry's trade association after serious questions over its conduct in South Africa, is due to separate its Asian unit and begin trading under the name Klareco Communications.
The Public Relations and Communications Association (PRCA) last week said that Bell Pottinger had “brought the PR and communications industry into disrepute” with a campaign in South Africa that was accused of stirring up racial tensions.
In the past, the company enjoyed business from some of the world's richest individuals, governments and multinational organisations; but the serious and troubling accusations over Bell Pottinger's relationship with Oakbay, a company controlled by the wealthy Gupta family of Indian-born businessmen who are said to exert undue influence over South African president Jacob Zuma, led to a mass migration of clients.
Earlier this week, co-founder Lord Timothy Bell, who left the firm last year, told BBC’s Newsnight programme that he thought the agency would be unlikely to survive.
“It’s probably nearing the end,” he said.
Subscribe to Business Sale Report
This is an exciting opportunity to acquire a well-established window and door installation business in Cumbria with a solid local reputation and a knowledgeable, friendly team.
This opportunity centres around an established UK-based company with a diverse portfolio of heritage brands, catering to both specialist institutional customers and broader consumer markets.
This is a unique opportunity to invest in a well-established UK business poised for expansion into the $20bn US portrait photography market with its high margin, digital data subscription model.
Looking for more businesses? Try our off-market tool.
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.