CHICAGO Grant Jacoby here is shutting down according to Fred Smith, who last fall took a stake in the agency in an effort to start a holding company called the Tungsten Group.
The agency has dwindled in size and done little new business in recent years. A final client list could not be determined.
The agency in October picked up creative work for Blimpie International's $12 million business. Mark Mears, chief marketing officer of the Atlanta-based chain, could not immediately be reached, nor could Grant Jacoby executive creative director Andy Madorsky.
Smith declined to give details of the closing or his future plans. He referred further questions to CEO Andrea Murphy, who could not immediately be reached.
Four public relations staffers have moved from Grant Jacoby have moved to independent agency Laughlin/Constable's Chicago office, said L/C's president Karen Duffy. Duffy said the agency was in negotiations with some Grant Jacoby clients, but declined to offer specifics.