MF Management signals growth intent with PFD takeover
PFD and MF Management merge to form The Rights House.
Michael Foster, the well-known showbusiness agent, has concluded
negotiations for the acquisition of the agency PFD.
His firm MF Management will merge with newly bought PFD to form
The Rights House.
The fresh setup will boast a number of well-known people among
its client base, with celebrities ranging from Monty Don to Sam
Neill on the books.
PFD recently hit a troubled period following the departure of 20
staff members who left to set up a rival firm United Agents.
The merger will result in a number of casualties, with ten
existing PFD staff set to lose their jobs.
PFD was bought for £4 million only two years ago. That deal,
which was financed by a group of City investors, was spearheaded by
the broadcaster Andrew Neill.
Having taken up the position of chairman following that deal and
held it ever since, Mr Neill will no longer play a role within the