Event management and destination management company PGI shut down eight of its 23 U.S. and international offices in December as it announced a corporate restructuring.
The Alexandria, Va. — based company closed offices in Dallas; Houston; Denver; Atlanta; Philadelphia; Palm Beach, Fla.; Orange Country, Calif.; and Athens, Greece. According to PGI President and COO Bob McCormick, 50 employees lost their jobs. While PGI will still offerservices, McCormick said, it will now market itself under one brand — PGI The Strategic Events Agency, focusing on meeting services and event production.
Just a year ago, PGI announced the formation of a distinct brand — Destinator by PGI — to represent the destination management part of its business. The closings, McCormick said in the news conference, “should quickly lead to the conclusion that PGI is evolving its approach to destination management.”
Since setting up Destinator, PGI also set up a new product, Meeting Services Plus, which, McCormick said, “has grown steadily and rapidly as our clients have recognized the value of a single point of contact and the capacity of PGI to move with events from city to city and country to country.”