Grey-Backed I-Shop on the Brink

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New YORK—KPE, an interactive agency backed by Grey, last week was looking to secure a fresh infusion of cash from investors to stay alive, sources said. If the New York-based i-shop can’t attract more funding, it could fold as early as this month, sources said.

KPE counts Grey, Clarion Capital Partners and Wasserstein Ventures as its chief investors.

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