Head New Media, the digital agency part-owned by The Lowe Group, is
to close after seven years. Its clients include Unilever, Bass, Weetabix
Lowe is believed to have fallen out with the agency and pulled the plug
on further funding. "We've been trying to unwind the relationship for
some time because it got to the point where there was no mutual
benefit," said Felix Velarde, co-founder and managing director of Head
He added that the relationship with Lowe had degenerated since the ad
group's interactive strategist Mark Cave left last year.
Head's closure has led to 20 job losses.