A marketing firm with a long history in Atlantic Canada has announced it’s shutting down.
Saga Investments, which owns Bristol Group, says the company is entering voluntary receivership.
It blames the problems on losses in its Middle East operation in Qatar.
Bristol invested about three million dollars into the venture about five years ago and says in a release it wasn’t possible to recover from the losses.
The M5 group of companies, based in St. John’s, is taking over the Bristol operations, and more than 75 employees have been offered jobs.