Cheil Worldwide Takes Majority Stake In Digital Creative Shop The Barbarian Group
South Korean marketing agency Cheil Worldwide has taken a majority stake in The Barbarian Group, a digital creative shop that has gotten attention for its work on The Subservient Chicken and this month’s augmented reality issue of Esquire magazine. Barbarian will move its headquarters from Boston to New York. Terms of the deal were not disclosed. Release
Both sides expect the deal to promote their respective expansion efforts. Cheil, which completed its last major acquisition last December when it bough London agency Beattie McGuinness Bungay, currently has 31 offices in 25 countries. Barbarian, which was started eight years ago in CEO Benjamin Palmer’s apartment, now has three offices. It plans to partner with Cheil on opening other offices outside the U.S.
Posted In: Advertising, Money, M&A & Venture Capital, Mergers & Acquisitions, Countries, Asia, Korea

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