Brunswick Group

Last updated
Brunswick Group
Industry Public relations
Founded1987;38 years ago (1987)
FoundersSir Alan Parker, Louise Charlton, Andrew Fenwick
Headquarters
London
,
United Kingdom
ServicesPublic relations, investor relations, regulation and geopolitical advice
Number of employees
1,300 (2022)
Website brunswickgroup.com

Brunswick Group is a British public relations company headquartered in London, England. The company was founded in 1987 by Sir Alan Parker. [1]

History

The company was founded in 1987 by Alan Parker.

In 2018, Brunswick Chairman Sir Alan Parker's leadership of Save the Children faced controversy over allegations of mishandling complaints against former chief executive Justin Forsyth. In 2015, a report suggested that Parker's close relationship with Forsyth may have influenced his response to accusations of inappropriate behavior made by three female employees. Critics argued that the organization's leadership failed to address the complaints adequately, leading to scrutiny of Parker's role in the matter. Parker declined to comment on the allegations. [2] Roughly a week after the inquiry was announced, Parker resigned. [3]

In 2021, Brunswick Group agreed to sell a 10.7% stake to BDT Capital Partners, a U.S. investment fund led by Warren Buffett's banker Byron Trott. The deal valued the British public relations firm at £500 million ($697.85 million). [4]

Brunswick reported revenues of £413mn in 2022, having diversified from public relations into areas including investor relations, regulation, environmental, social and governance; and geopolitical advice, with a significant US advisory arm. [5]

In February 2024, Brunswick appointed Henry Timms, former CEO of New York's Lincoln Center for the Performing Arts, as its new head. Timms succeeds Neal Wolin, who previously served in senior roles under the Clinton and Obama administrations. [5]

In June 2024, Stanford University's School of Sustainability enlisted Brunswick Group to address potential reputational challenges linked to its ties with fossil fuel companies. The decision received criticism from campus climate activists, who oppose Brunswick's work with oil and gas firms. Brunswick defended its role, saying that engaging with companies in complex industries is essential for advancing decarbonization efforts. [6]

References

  1. ↑ "Media top 100 2007". The Guardian. July 9, 2007. Retrieved November 25, 2024.
  2. ↑ Rana, Manveen; Lea, Laura (March 7, 2018). "Save the Children 'failed' to deal with women's complaints". BBC . Retrieved November 24, 2024.
  3. ↑ Segal, David (July 14, 2018). "A Crisis Management Guru Bungles a Crisis". The New York Times . Archived from the original on September 10, 2024. Retrieved November 24, 2024.
  4. ↑ "Britain's Brunswick Group to sell nearly 11% stake to U.S. fund - memo". Reuters . June 23, 2021. Retrieved November 24, 2024.
  5. 1 2 O’Dwyer, Michael (February 7, 2024). "Brunswick hires Lincoln Center boss to spearhead global expansion". Financial Times. Archived from the original on February 7, 2024. Retrieved November 24, 2024.
  6. ↑ Noor, Dharna (2024-06-17). "Stanford disappoints critics of fossil fuel donations by hiring PR firm with big oil ties". The Guardian. ISSN   0261-3077 . Retrieved 2024-11-24.
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