WPP whips out cheque-book again
Another day, another acquisition for WPP, the insatiable advertising conglomerate. This time it has grabbed a minority stake in Barrows, an agency focused on the fast moving capital goods sector.
Another day, another acquisition for WPP, the insatiable advertising conglomerate. This time it has grabbed a minority stake in Barrows, an agency focused on the fast moving capital goods sector.
WPP is taking a 35% holding in Barrows, an agency which provides a diverse range of services, including retail strategy, shopper insight, design, manufacturing capabilities and innovative products.
Barrows employs more than 400 people worldwide, and has offices in Brazil, South Africa and the UK.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
WPP did not reveal how much it is paying for the stake but it did disclose that the unaudited consolidated gross assets of the Barrows companies in which WPP is investing, as at 31st December 2011, were around $18.3m. Barrows' total unaudited revenues for 2011 were roughly $62m.
"This investment continues WPP's strategy of investing in fast growing markets and sectors and its commitment to developing its businesses and maintaining its premier position throughout the fast-growing BRIC [Brazil, Russia, India, China] markets," WPP said.
JH
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
Zoopla: House prices slows to 1.4% in May as rate of sales at four year high
The average UK property now costs £268,400, Zoopla says, but some areas of the country are experiencing much higher price growth than others.
-
FCA reveals 'once in a generation' advice changes - what the reforms mean for you
Consumers to get free access to financial advice type help for pensions and investment following proposed changes from the regulator