Embattled Bell Pottinger has hired financial advisor BDO to look at all options regarding the future of the business," according to a statement from the British firm.
The Guardian reports that BP is under pressure to find a buyer within a month to pay off its "mounting debts" or face a shutdown.
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The firm is worth about $26M, according to the Guardian, based on revenues of more than $52M and profits of about $5.2M.
Client defections have rocked BP, which is the first major firm booted from the Public Relations and Communications Assn. for ethical violations stemming from its racist campaign in South Africa.
Tim Bell, co-founder of BP, told the BBC the firm is "probably nearing the end."
James Henderson, largest shareholder of BP, quit his CEO spot on Sept. 3. A new management structure is supposed to be put into place this week.
BP employs 240 people.
New York Magazine profiles 78-year-old Peggy Siegal, who was once among the most powerful publicists in the Big Apple, in an article headlined: "The Grand Dame of the Epstein Files.”
There is a huge chasm when it comes to support the Iranian invasion between Americans and Israelis.
Tricia McLaughlin, the combative spokesperson for Department of Homeland Security Secretary Kristi Noem, is leaving her post.
While finding the right solution to a problem is still important, the work that differentiates effective communications leaders is problem-finding—identifying the real risk before it becomes visible, reputational or irreversible.
Orchestra has recruited Deepika Sandhu for the senior VP-legal & crisis communications slot.
