Wessex RJH stake halved as agency buys rival firm VLP

The Countess of Wessex is this week believed to have further cut her stake in the PR firm she founded, RJH Public Relations.

She is understood to have disposed of half her 30 per cent share in the business, but retains 15 per cent and a seat on the board.

Two years ago the Countess owned 100 per cent of the company, following the ‘fake sheikh’ tabloid sting which led to her business partner Murray Harkin – the H in RJH – quitting the UK PR scene and selling his equity to Wessex.

It is understood she has since reduced her stake in the business, selling off chunks to the agency’s American CEO, Jack Cassidy, and the finance director he employed, Chris Clarke.

News of her equity divestment comes as Cassidy announced a deal to acquire boutique corporate PR shop VLP for a price believed to be close to £500,000.

That deal – initiated by broker Madsen Gornall Ashe – will see six of VLP’s eight staff move into RJH’s Mayfair base.

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