Creative Agency Jed Root Could Face Lawsuit Over Pay Owed to Artists

Share the buzz!Share on FacebookShare on Google+Tweet about this on TwitterShare on StumbleUponShare on RedditPin on PinterestShare on Tumblr

The agency representing high-profile hair stylists, makeup artists, photographers and stylists folded this week.

Twenty-eight years after its humble New York City launch, global creative agency Jed Root Inc. is closing its doors for good. But in doing so, the agency is leaving several of its high-profile clients without their owed pay.

WWD first reported that the agency was shutting down because of financial troubles. Jed Root Inc. had been floundering for quite a few years before being acquired by RPRT in 2015. At the time of the acquisition, RPRT CEO Oliver Fiechter said he was unaware that the agency was more than $6.5 million in the red.

Fiechter told Business of Fashion Wednesday that while the business in 2015 and 2016 was profitable, “the legacies of 2013 and 2014 were too heavy.”

He added, “Cleaning up such big legacies while financing a top and bottom line growth was finally too ambitious.”

WWD also reports that more than 40 clients have banded together to threaten legal action against Jed Root Inc. and RPRT to demand what is estimated at “hundreds of thousands of dollars” in pay. Sources tell the trade that clients' payments were sent to RPRT, which never returned the earnings to the talent. A lawsuit could force Jed Root to file for bankruptcy.

“It's our intention to reimburse all employees, artists and vendors,” Fiechter stated to Business of Fashion. “We still don't have a clear picture about the relation between assets and liabilities, but I am optimistic that we will be able to pay all debts.”

In its heyday, Jed Root Inc. was one of the top agencies in the industry, and its roster still reflects star power. It includes hair stylist Ted Gibson (Elizabeth Banks, Debra Messing), who declined to comment on the matter to THR; Yahoo's Joe Zee, who tells THR he has not worked with Jed Root in three years, though his name is listed on its website; stylist Alison Edmond, who is the current fashion director of C Magazine; and stylist Paul Cavaco, co-founder of the fashion PR agency KCD and an Allure magazine vet.

Jed Root founded his eponymous agency in 1989, eight years after moving to New York City, where he dated makeup artist Kevyn Aucoin. The agency had offices in New York, Los Angeles, Tokyo, London and Paris.

Via

Share the buzz!Share on FacebookShare on Google+Tweet about this on TwitterShare on StumbleUponShare on RedditPin on PinterestShare on Tumblr

GET THE INSIDE BUZZ!

Subscribe to our FREE mailing list today & never miss the buzz! Receive our latest posts, inside news & special offers.

Look & Feel Good Through the Power of Choice
Look & Feel Good Through the Power of Choice
Visualization Techniques for Meditation
Techniques for Everyday Visualization Meditation
Chakra meditation
An Introduction to Chakra Meditation
positive mental attitude Featured
A Positive Mental Attitude for Healthy Living
8 Ways to Optimize Your Sleep
8 Simple Tips to Optimize Your Sleep
Colorful, Healthy Foods to Eat for Better Living
Eating Healthy - What is a Healthy Diet?
Eating Healthy: What is a Healthy Diet?
Stomach Problems
Eliminate Stomach Problems: The Essentials of Good Digestive Health
Yoga For Healing
Yoga For Healing – A Daily Routine You Can Do At Home
Spiritual Wellness and Mental Health
Spiritual Wellness and Mental Health
Spirituality: Moving Beyond Religion & Science
Spirituality: Moving Beyond Religion & Science
Spiritual Healing
Spiritual Healing & The Power of Truth
4 Cheap Dating Tips to Save you Money
4 Cheap Dating Tips to Save you Money
10 Ways to Pay Off Debt
10 Practical Ways to Pay Off Debt
Prenuptial Agreement
Marriage 101: The Prenuptial Agreement
The 10 Best Ways to Make Up After an Argument
The 10 Best Ways to Make Up After an Argument
Unconditional Love: The Biggest Trap in Relationships
Unconditional Love: The Biggest Trap in Relationships
The Yoga Of Relationship
Opinion: The Yoga of Relationship
How To Save A Relationship Why Most Men Resist Couples Counseling
How To Save A Relationship: Why Most Men Resist Couples Counseling
The Art of Romance: Getting Back to Basics
The Art of Romance: Getting Back to Basics
Maintaining Sexual Desire
Maintaining Sexual Desire Within Your Marriage
Female Sexuality
The Evils of Female Sexuality! (Or, We All Want Sex, So Stop Slut-Shaming!)

Sign up for the Chikabuzz newsletter
Your daily dose of chic.

We get it: There is just too much good stuff out there. Even at Chikabuzz we find ourselves a little … overwhelmed at times. Why not let us be your guide to the best new fashion and beauty and the latest in culture and politics