WPP Group PLC
12 January 2000
WPP GROUP PLC ('WPP')
Ogilvy & Mather Asia Pacific acquires majority interest in
Australian strategic marketing management consultancy, The
Initiatives Group
WPP announces that its wholly-owned operating company Ogilvy
& Mather (Asia Pacific) has acquired a majority interest in
The Initiatives Group Pty Ltd, ('Initiatives'), a strategic
marketing management consultancy based in Australia. The
company specialises in the integration of market, financial
and customer information and the development of innovative
market-driven business strategies.
Initiatives, which is based in Sydney, has extensive
experience throughout Asia Pacific across many industries:
financial products, IT and telecommunications, fmcg and
beverages, pharmaceutical, industrial and agricultural
products.
As a member of the WPP Group, Initiatives will continue to
operate independently, working with Ogilvy & Mather Asia
Pacific to develop the Ogilvy Consulting offer throughout
the region and acting as a key management consulting
resource in Australia.
Initiatives had revenues of A$1.5 million for the year to 31
December 1998 and negligible net assets.
The acquisition advances WPP's objective of building a more
comprehensive strategic marketing offering for clients in
one of the fast-growing regions of the world.
Contact:
Feona McEwan, WPP London 44 20 7408 2204
www.wpp.com
www.ogilvy.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.