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The Wolf Group Shutters Struggling New York Office
NEW YORK The Wolf Group is closing its Manhattan office effective immediately, sources said [Adweek Online, Jan. 30]. Paul Kelly, president and CEO of Wolf’s parent, Toronto-based Wolf Group Integrated Communications, broke the news to the 50-person staff Friday evening. The office, which claimed billings of $250 million in 2002, has since struggled to win accounts and lost Scotts Co.’s estimated $50 million media business and the $8 million “I New York” account in 2003.
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