London-based media planning and buying agency The Media Shop has recently confirmed that it has gone into administration.
The news is believed to affect more than 20 clients, including Space NK, Florette and Fitness First. Some clients have already been moved to TCS Media whilst others are waiting to be assigned new agencies.
Chantry Vellacott DFK was appointed as the administrator working to release the assets of the agency, which has combined billings of around £20million.
Caroline McGrath, managing director The Media Shop (Scotland) Ltd, told The Drum: "In case mis-information starts to spread, I can confirm that the demise of The Media Shop Ltd is nothing to do with The Media Shop (Scotland) Ltd and that the companies split from each other about 7 years ago. There is no longer any connection between the companies."
She went on to comment: "I made all my clients aware of the situation three weeks ago so that they would not get the wrong end of the stick."