WPP Group PLC
18 April 2007
FOR IMMEDIATE RELEASE 18 April 2007
WPP GROUP PLC ("WPP")
WPP announces partnership with UK-based marketing services
agency Clemmow Hornby Inge
WPP announces that it has acquired a 49.9% stake in Clemmow Hornby Inge Limited,
("CHI"), a leading independent fully integrated marketing services agency, and
the parent company of Hall Moore CHI, the leading direct and digital agency. CHI
will retain its independent positioning.
Founded in 2001 by Simon Clemmow, Johnny Hornby and Charles Inge, CHI is based
in London and employs 151 people. CHI's roster of clients includes Argos,
British Gas, Britvic, Carphone Warehouse, COI, Friends of the Earth, Lexus,
Premier Foods, Prince's Trust, RBS, The Telegraph Group and Toyota.
CHI's revenues for the year ended 30 June 2006 were £18.5 million, with gross
assets at the same date of £17.7 million.
This investment continues WPP's strategy of developing advertising, brand
planning and strategy, direct marketing and digital, design and identity
capabilities for existing and new clients in mature markets.
Contact:
Feona McEwan, WPP T +44 (0)20 7408 2204
www.wpp.com
This information is provided by RNS
The company news service from the London Stock Exchange
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