NEWS: Mustoes makes the final break with Still

Mustoe Merriman Herring Levy has made a conclusive break with Chris Still, its financial backer and the chairman of the agency at its start up three years ago.

Mustoe Merriman Herring Levy has made a conclusive break with Chris

Still, its financial backer and the chairman of the agency at its start

up three years ago.



The agency is now fully independent, having gradually bought out Still’s

25 per cent equity in the company.



Still owns the lease on its current offices in Earlham Street, Covent

Garden, and the agency’s planned move into new premises later this month

is symbolic of the severing of the relationship.



Nick Mustoe, the chief executive of Mustoe Merriman, said: ‘Still has

stood down as a director and we have bought out his equity. We always

wanted to own ourselves.’



Mustoe Merriman was formed out of a breakaway from Lowe Howard-Spink,

when the five original staff performed a reverse takeover of Addition

Marketing, an agency set up by Still with Ben Langdon, now the managing

director of McCann-Erickson.



Still, the former chairman and chief executive of Still Price Lintas,

has been increasingly less involved in the agency, and is reportedly

happy with the buy-out.



Mustoe Merriman’s new premises, still in Covent Garden, will allow the

agency to operate on a single floor.



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