Top creative management agency Jed Root Inc. is shutting down, leaving numerous artists and agents around the world struggling to secure unpaid fees and salaries. The rueful news was confirmed by Jed Root’s Swiss parent company RPRT AG.
In a statement to Women's Wear Daily, RPRT chief executive officer Oliver
The company reportedly went on a downward spiral starting June 2015—back when RPRT first acquired the agency from founder Jed Root—until last Friday, March 31, when all of the employees in the company’s New York and Los Angeles offices were suddenly fired. "I received a one line e-mail from Oliver [Fiechter] at 1 p.m. on Friday instructing me to dismiss all of the employees of Jed Root Inc," confirmed a source in an interview with Business of Fashion.
In the aftermath, the company remains unable to pay invoices to artists and vendors, racking up millions in pending bills. Much of Jed Root's downfall also stems from mismanagement, causing their key talents to leave the agency one by one.
Home to an award-winning roster of artists like Adam Katz Sinding,
*This story originally appeared on Preview.ph
* Minor edits have been made by the Townandcountry.ph editors.