Owing employees more than £300,000 (about $393,000), Rankin Group, the advertising agency owned by stalwart British photographer Rankin, has filed for bankruptcy, owing a further £1m ($1.3m) to the UK tax authority HMRC.
Full name John Rankin Waddell, he has photographed the likes of Queen Elizabeth II, Madonna, and David Bowie, and set up his advertising agency, initially called Rankin Creative, five years ago.
