Retailer Liberty has appointed Lowe Bell Financial to handle its
City PR following Shandwick’s decision to resign the account last
Shandwick resigned in reaction to the ousting of Liberty chairman Denis
Cassidy and four directors by rebel shareholders Brian Myerson and
Elizabeth Stewart-Liberty, a descendant of the original owners.
Liberty’s merchant bank, broker and lawyer - Barings, Cazenove, and
Slaughter and May - have also resigned.
It is thought that the advisers jumped before they were pushed by the
new board members.
Lowe Bell is charged with turning around the City reputation of Liberty
following the prolonged boardroom struggle. Late last month Liberty,
which had been for sale under Cassidy, announced that it was no longer
considering offers following the appointment of Philip Bowman as
chairman and a proposed pounds 42 million redevelopment of its flagship
Regent Street store has been put on hold.