As it continues to diversify its business with in-house moves and M&A deals, UTA has launched a fashion division.
08.02.2023 - 23:59 / deadline.com
EXCLUSIVE: United Talent Agency is trimming its personnel with cuts in several departments. According to sources, mostly admin/support staff are impacted, with the total number of layoffs in the low single-digits as percent of the company’s overall workforce.
“We’ve grown a great deal over the last several years, and as a result decided to make some adjustments,” a spokesperson for the agency said in a statement to Deadline. “We’re unfortunately parting ways with a small number of colleagues and are grateful for everything they’ve contributed.”
UTA has been on an acquisition spree over the last two years, buying such companies as UK agency Curtis Brown, publishing agency Fletcher & Company and MediaLink, a media and marketing advisory firm.
Facing a possible economic downturn, many entertainment and tech companies have undergone layoffs in the past several months, with more cuts expected this year.
Talent agencies previously reduced staffs during the pandemic when all switched to work from home. More recently, the CAA-ICM merger resulted in a little over 100 layoffs.
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As it continues to diversify its business with in-house moves and M&A deals, UTA has launched a fashion division.
Selome Hailu United Talent Agency (UTA) announced on Tuesday that it has launched a fashion division led by Anne Nelson. UTA Fashion will focus on expanding client business in the fashion and beauty space. Nelson will be responsible for helping clients drive culture and inspire trends, including by tapping into the scope of UTA’s pre-existing operations across entertainment, marketing and business. A veteran in the fashion industry, Nelson’s prior experiences include decades offering mentorship to major players within the fashion industry. She is based in New York. “Anne is one of the most respected fashion executives with deep and established relationships across the industry,” said UTA Board member and partner Blair Kohan and partner Darnell Strom in a joint statement. “She has a true passion for her clients and has been the architect behind many top career moments in the fashion world. For UTA, bringing her on board is a natural next step in the work we’ve been doing in this space, and we can’t wait to see what she will accomplish.”
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