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Teneo, the global advisory firm, has acquired Dublin-based PSG Communications, a 55-staffer Ireland PR heavyweight.
Teneo chairman and CEO Declan Kelly called Ireland a "critical market" for multinational companies and "a great place to invest in the current volatile post-Brexit environment."
PSG's management team of CEO Mick O'Keeffe and executive chairman Padraig Slattery remain at the helm under Teneo chairman Charles Watson and Ireland head Brendan Murphy.
PSG (Pembroke Slattery Group) was created in the 2014 merger of Pembroke Communications and Slattery Communications. Its four units focus on corporate reputation and PA, brand/consumer, sports and sponsorship, and digital/content.
DJE Holdings, parent of Edelman and Zeno, launches RUTH as an independent shop named after Ruth Edelman, mental health advocate, wife and longtime business partner of Dan Edelman.
New York City PR firms make up the largest slice of O'Dwyer's 147 firm overall ranking with 33 of 40 in the New York/New Jersey area either calling Manhattan their home or having a presence there.
Subject Matter+Kivvit, which joined forces in May, has rebranded as Avoq, an integrated shop with more than 200 professionals in Washington, New York, Asbury Park (NJ), Miami and Chicago.
While PR pros stationed at in-house comms. teams and those working for agencies share many of the same objectives, they also have markedly different top priorities, according to a recent report.
Edelman is cutting 240 employees or about four percent of its workforce to cope with the cooling down of the PR sector, according to a memo from CEO Richard Edelman.
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