WPP Group PLC
7 August 2001
FOR IMMEDIATE RELEASE 7 AUGUST 2001
WPP GROUP PLC ('WPP')
Acquires Forward, the UK's top independent customer communications agency
WPP announces that it has acquired 100% of the issued share capital of Forward
Limited ('Forward'), the leading UK contract publishing company which
specialises in direct customer communications programmes.
Founded in 1986 in London by William Sieghart and Neil Mendoza, and employing
108 people, Forward has established a high reputation for the editorial
calibre of its contract publications.
Commenting on the move, managing director, Sarah Wyse said, 'When Neil and
William set up Forward it was with the idea that publishing could and should
be a powerful means of communicating with a company's target audiences. WPP
presents unlimited opportunity for our business.'
Forward's clients include Tesco, NCR, Egg, Patek Philippe, British Airways
Holidays and Halifax.
Forward reported revenues of £23.2 million in the year to 31 March 2001 and
had net assets of £2.1 million at that date.
The acquisition of Forward, which will operate independently within the
Specialist Communications division of the Group, continues WPP's strategy of
expanding its comprehensive offer to clients in important growth sectors and
markets.
For more information:
Feona McEwan at WPP: 44-20 7408 2204
www.wpp.com
www.forwardpublishing.com
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.