Overview
- Interpath was appointed as joint administrator as the London-based consultancy ceased trading and began laying off roughly 80 U.K. staff from a workforce of about 130 worldwide.
- Administrators cited a rapid and sudden withdrawal of clients in recent weeks as the direct cause of insolvency, with directors saying they had no choice but to seek administration.
- Major brands including KKR, Barclays, Klarna, Phoenix Group, Tesco and the Premier League cut ties, while Vodafone said its contract was ending in March and GSK said it had no plans to work with the firm further.
- Peter Mandelson had sold his stake and stepped away from the firm, and co‑founder Benjamin Wegg‑Prosser resigned as chief executive, but those moves did not halt the fallout.
- A Metropolitan Police inquiry into potential misconduct in public office related to the disclosures remains ongoing, with searches carried out at properties linked to Mandelson and no sexual offenses alleged.