WPP PLC FITCH acquires majority stake in StartJG Hong Kong (2606N)
October 24 2016 - 3:00AM
UK Regulatory
TIDMWPP
RNS Number : 2606N
WPP PLC
24 October 2016
FOR IMMEDIATE RELEASE 24 OCTOBER 2016
WPP PLC ("WPP")
FITCH acquires majority stake in customer experience design
consultancy
StartJG Hong Kong
WPP announces that its wholly-owned operating company FITCH, the
leading global retail and brand consultancy, has taken a majority
stake in StartJG Hong Kong, a brand and customer experience design
consultancy. Formerly part of the Start Group, an independent
network, StartJG Hong Kong will be changing its name to FITCH
Design Ltd.
StartJG Hong Kong was founded in 2009 and employs around 40
people. StartJG Hong Kong specialises in branding, environment and
interaction design with strong digital and retail branding
capabilities. Clients include Swire Properties, Nord Anglia
Education (NAE) HK and Genting HK.
StartJG Hong Kong's gross revenues for the year ending 31 March
2016 were HKD 31.1 million with gross assets of HKD 10.3 million as
at the same date.
This acquisition will enhance FITCH's existing offering,
strengthening its presence within the China market and continues
WPP's strategy of investing in important markets and sectors.
Collectively, WPP companies in Greater China generate revenues of
US$1.6 billion and employ 14,000 people.
Contact:
Feona McEwan, WPP +44(0) 20 7408 2204
Juliana Yeh, WPP +852 22803790
This information is provided by RNS
The company news service from the London Stock Exchange
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