PR firm Bell Pottinger ‘nearing collapse’
PR firm Bell Pottinger ‘nearing collapse’: Bell Pottinger’s Asian unit has said it will separate from its British parent, amid reports the public relations firm is nearing collapse. Bell Pottinger’s UK business is expected to go into administration as early as next week, the firm said.
The Asian business will begin trading under a new name “in the coming days”.
The PR firm was expelled from the industry trade body after being accused of stirring up racial hatred in South Africa.
The company’s Asian business is seeking to distance itself from the scandal.
“The Asia business is entirely ringfenced and solvent,” Asia Chief Executive Ang Shih Huei said in a statement sent to clients on Friday. “Our teams are intact, we continue to serve our clients and it is entirely business as usual.”
Bell Pottinger Asia said it would soon re-launch with a new ownership structure and operate under the name Klareco Communications.
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