It looks like McCann New York won't be celebrating Cinco de Mayo with Jose Cuervo anymore. The Interpublic Group agency has resigned the account of the country's leading tequila brand, according to an internal memo obtained by Adweek.
"Today we notified our Jose Cuervo client that we have decided to end our relationship," agency president Chris Macdonald wrote in an internal email to McCann staffers Wednesday. The decision to cut ties was based on "a variety of factors, including financial," Macdonald said. "The great news," he added, "is that there are lots of opportunities across the spirits and beer categories … get ready!" (You can read the entire memo over at AgencySpy.)
A McCann representative declined to comment, and Cuervo distributor Proximo Spirits did not immediately respond to queries. Domestic ad spending has hovered around $10 million annually in recent years, per Kantar Media.
In the memo, Macdonald thanked the brand "for the opportunities they have given us over the past two-and-a-half years."
McCann's most recent work for Cuervo was a stylish nostalgia play set during the Rolling Stones' debaucherous 1972 concert tour. (The band did not appear in the campaign, though one of its hits, "Miss You," was used on the soundtrack.)