Faulds denies it is eyeing up a London agency
Speculation suggesting that bosses at Faulds have identified an advertising agency in London that they are planning to acquire has been denied by the agency.
According to sources close to the agency MD Dennis Chester and other directors have been spending an increasing amount of time in London recently.
Chiefs are now believed to have identified an established agency to buy in order to make its integration into the London advertising scene easier.
One London agency which some believe could be receptive to a takeover is Malcolm Moore Deakin Hutson, the agency which handles Scottish clients such as Room2 and Lime Blue Diamond Stores.
Stephen Gardiner, marketing manager at Faulds, said: “It is no secret that we are looking to expand in a number of areas be it a start-up or a joint venture. However, we have not identified anyone to takeover and nothing will happening in the near future.”
Guy Moore, creative partner of Malcolm Moore Deakin Hutson, was unavailable to comment as The Drum went to press.