Deacons dumps Graham & James

Author: | Published: 1 Jun 2000

Graham & James' failure to commit resources to Asia, preferring instead to concentrate on its home market in the US, was among the reasons that eventually led Deacons to reconsider its position within the association and to take the gamble of backing out. "The major problem was that Graham & James were much higher in the US rankings when we began the association," says Roberts.

Both firms, however, are keen to stress that they have parted on good terms, so much so that Laurence Blume, chairman of Graham & James, is even willing to consider a reconciliation. Roberts says this is "an unlikely scenario.",

Deacons, which is based in Hong Kong, is first looking to expand its operation in China and throughout the Asia Pacific region. "We'll...