Milk & Honey PR gives employee trust 55% ownership of agency

August 3, 2021 8:05

Global PR agency, Milk & Honey has transferred 55% of group shares to an Employee Ownership Trust (EOT). The means 52% of employees are now co-owners. In order to qualify, an employee must be at the agency for a minimum of 12 months.

Today’s announcement sees Hive Group — the holding company for Milk & Honey PR in Australia, UK and North America — restructured as an EOT.

Milk & Honey Team

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Olivia Kruimel

Olivia Kruimel was the managing editor at Mumbrella. She has more than 15 years of experience in journalism, communications and marketing. Her journalism career began at Fairfax Media (now part of Nine) and includes various B2B publications such as B&T, Travel Today and ALB. As a marketer Olivia has worked for Standard Chartered and various global law firms.