WPP Group PLC
09 January 2008
FOR IMMEDIATE RELEASE 9 JANUARY 2008
WPP GROUP PLC ("WPP")
Yankelovich to join Henley Centre HeadlightVision
WPP announces that Yankelovich Holdings Inc, the leading US consumer trends and
lifestyle research business, has signed a definitive merger agreement with WPP
to join Henley Centre HeadlightVision, WPP's wholly-owned consumer trends and
futures research and consultancy business. The merger will become effective upon
the satisfaction of certain conditions. Henley Centre HeadlightVision is part of
Kantar, WPP's research, insight and consultancy division.
Founded in 1958, Yankelovich is based in Chapel Hill, NC. Yankelovich's clients
include consumer packaged goods, financial services, media, telecommunications
and healthcare companies, such as GlaxoSmithKline, Kraft, Rockefeller Foundation
and Unilever.
Yankelovich's unaudited revenues for the year ended 31 December 2006 were
US$17.8 million, with gross assets at the same date of US$9.4 million.
The addition of Yankelovich to Henley Centre HeadlightVision will create an
enlarged company employing 145 people with researchers and consultants based in
Chapel Hill, New York, London, Delhi and Mumbai. Plans to expand into China are
already underway.
This investment continues WPP's strategy of developing its services in more
measurable areas for its clients - such as information, insight and consultancy
-and in strengthening its networks in important markets and sectors.
Contact:
Feona McEwan, WPP
44-207408 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.