18th Apr 2007 08:47
WPP Group PLC18 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, andthe parent company of Hall Moore CHI, the leading direct and digital agency. CHIwill retain its independent positioning. Founded in 2001 by Simon Clemmow, Johnny Hornby and Charles Inge, CHI is basedin 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 grossassets at the same date of £17.7 million. This investment continues WPP's strategy of developing advertising, brandplanning and strategy, direct marketing and digital, design and identitycapabilities for existing and new clients in mature markets. Contact:Feona McEwan, WPP T +44 (0)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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