1st Jul 2005 14:24
WPP Group PLC01 July 2005 For Immediate Release 1 July 2005 WPP GROUP PLC ("WPP") Fitch acquires Spring Brands in Singapore WPP announces that its wholly operating company Fitch, a leading global designand branding consultancy, has acquired the issued share capital of Spring BrandsPte Ltd ("Spring Brands"), a leading strategic branding and retail-designspecialist agency operating throughout South East Asia. Founded in 1999, and headquartered in Singapore, Spring Brands employs 15people. Spring Brands' clients include The Body Shop, ConocoPhillips, Kodak,Timberland and Visa. Spring Brands' unaudited revenues for the year ended 31 December 2004 were S$1.4million (US$0.8 million), with unaudited net assets of S$0.4 million (US$0.2million) as at that date. This investment continues WPP's strategy of developing its networks in fastergrowing markets and sectors. For further information, please contact: Feona McEwan, WPP 44-20 7408 2204www.wpp.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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