Once registered, you can:

  • - Read additional free articles each month
  • - Comment on articles and featured creative work
  • - Get our curated newsletters delivered to your inbox

By registering you agree to our privacy policy, terms & conditions and to receive occasional emails from Ad Age. You may unsubscribe at any time.

Are you a print subscriber? Activate your account.


Published on .

(July 17, 2001) -- New York-based boutique agency Favara & Raffle Advertising is closing in 30 days.

Cary Raffle, president and owner of the eight-year-old firm, said, "Recent account losses and increased overhead have made it impossible to continue."

At its peak, Favara & Raffle had billings of $7 million and seven employees; today, the agency has a staff of four, two of whom plan to retire upon the shop's close.

Favara & Raffle recently lost longtime account Judith Lieber to competitor Ink & Co. Mr. Raffle will act as a consultant to current client Gracious Home, a chain of retail stores, and also pursue other opportunities in the industry. -- Lisa Sanders

Copyright July 2001, Crain Communications Inc.

Most Popular
In this article: