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Fogarty Klein & Partners is looking to split from financially troubled Lois USA amid speculation that the parent firm’s Chicago office will be shuttered.
“It’s one of those situations that’s evolving every day,” said Bill Fogarty, a principal at the Houston agency. “Basically we’re considering several alternatives having to do with a separation of some sort.”
Sources close to the agency said Lois is in some cases months behind on media payments. Chicago executives were said to be shopping their services and some key clients.
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