Bell Pottinger goes into administration after failing to find buyer
The British PR firm has come under fire for being behind a Gupta sponsored campaign which raised racial tensions within the country.
Bell Pottinger’s London head office. Picture: Google Street View
Bell Pottinger has failed to secure a buyer after it was removed from the UK PR Association and slammed by both the UK and SA government for running a racially fueled campaign which boosted the ideal of ‘white monopoly capital’ in the country.
According to Huffington Post, BDO has been called in to take over the running of the company after there were no buyers who came forward to initiate a sale.
“Following an immediate assessment of the financial position, the administrators have made a number of redundancies.
“The administrators are now working with the remaining partners and employees to seek an orderly transfer of Bell Pottinger’s clients to other firms in order to protect and realise value for creditors.
“We have taken appropriate steps to preserve the rights Bell Pottinger may have in relation to the failure of the business,” read a statement by BDO.
//
For more news your way
Download our app and read this and other great stories on the move. Available for Android and iOS.
