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Experiential marketing firm We’re Magnetic will close at the end of August due to Covid-19’s impact on the industry.
The agency, with offices in New York, Los Angeles and London, announced its closure on social media and in a statement from chairman Rick Rathe.
“We are living in unprecedented times and like so many others, our firm and industry have taken some very hard hits. With the future of experiential so uncertain, we have made the difficult decision to close the company at the end of August,” Rathe said in a statement.
“As we work toward completing our current short-term projects, we want to express our deep gratitude to our employees for their hard work and dedication as well as to our clients for their loyalty and unwavering partnership.
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