MWW Group is the most recent of a small handful of wholly or partially owned PR agencies that have bought back full independence from holding companies, in large part for entrepreneurial freedom and control over growth strategy.
This week, a management team at MWW Group, including majority shareholder CEO and founder Michael Kempner, bought back the agency from Interpublic Group, making MWW a top five independent firm.
The agency, which IPG acquired in 2000, reported $27 million in revenue in 1999, and told ...