WPP Group PLC
20 December 2007
For Immediate Release 20 December 2007
WPP GROUP PLC ("WPP")
Added Value Group acquires Cheskin in the US
WPP announces that its wholly-owned operating company Added Value Group, the
brand development and marketing insight agency, has acquired the entire issued
share capital of Cheskin ("Cheskin"), a leading consulting firm in the US, with
expertise in innovation and design strategy, a strong presence in the technology
sector and in-depth understanding of US Hispanic markets.
Founded in 1946, Cheskin is based in Redwood Shores, California, with offices in
New York and Seattle and employs 51 people. Cheskin's clients range from
technology and finance companies to consumer goods and professional services,
and include Microsoft, Del Monte, Visa, eBay and Wal-Mart.
Cheskin's unaudited revenues for the year ended 31 December 2006 were US$16.1
million, with gross assets at the same date of US$3.9 million.
This investment continues WPP's strategy of developing its networks in fast
growing markets and sectors.
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
*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.