MWW Buys Itself Back From Interpublic
After having been acquired by Interpublic ten years ago, public relations agency MWW Group has bought itself back through a management-led buyout. Led by MWW President and CEO Michael Kempner, the newly independent shop will also be minority owned by several MWW top execs along with undisclosed outside investors.
With 150 employees in East Rutherford, New Jersey and nine other offices around the globe, Kempner said of the buy back, "Ten years ago, it felt like the right time to become part of a global organization. en years later, the world is very different. Now is a great time to be independent again."
Is this the beginning of a trend? The unbundling of holding companies? A return to entrepreneurial independence? What are your thoughts?