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Looking to free itself from parent Envoy Communications, Hampel/Stefanides in New York has been holding talks with four agencies about selling the 12-year-old shop, the agency confirmed.
“We are looking at different agencies to buy us from Envoy,” said Dean Stefanides, co-creative director and co-founder of the agency. “We’ve met with a lot of agencies. … We may stay with Envoy. It depends on what we decide is best for our clients. It’s not 100 percent decided.”
In March, financially strapped Envoy cut 75 employees, or 15 percent of its staff, after posting revenue of about $11 million, a 24 percent drop from the same period in 2001.
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