Another insolvency: Shanghai Berlin is insolvent
Shanghai Berlin is the next agency to be hit
The tense economic situation is claiming more and more victims in the agency industry. Following Reinsclassen and Defacto, Shanghai Berlin is the next established advertising service provider to file for insolvency. The Berlin District Court published the corresponding filing at the beginning of July.
The agency was launched in 2001. It was founded by Paul Gross and Stefan Karl. What exactly is causing the economic problems now?
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