Quick Facts
FONT-SIZE Plus   Neg
Share SHARE
mail  E-MAIL

WPP's Kantar Retail To Buy Minority Stake In Retail Consultancy GME- Quick Facts

4/16/2012 4:17 AM ET

WPP Plc (WPPGY: Quote, WPP.L) said its wholly-owned insight and consultancy business, Kantar Retail, has agreed to acquire a minority interest in G.M.E.FZ-LLC based in Dubai.

GME offers retail insight and consultancy services to clients across all business sectors. The business employs 16 people and clients include Arla, BP, Heineken, J&J and Samsung. GME has been Kantar Retail's franchise partner in Dubai since 2007 and now becomes a full member of the Kantar Retail network.

Moreover, the acquisition continues WPP's strategy of investing in important sectors and its commitment to developing its businesses in the important and fast-growing Middle East markets.

Click here to receive FREE breaking news email alerts for WPP Group PLC and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Stocks are seeing modest weakness in early trading on Wednesday after moving notably higher over the past several sessions. The major averages have all moved to the downside, although selling pressure has remained relatively subdued. New home sales in the U.S. unexpectedly showed a substantial decrease in the month of March, according to a report released by the Commerce Department on Wednesday, with sales falling to their lowest level in eight months. The report said new home sales plunged 14.5 percent to an annual rate of 384,000 in March from the revised February rate of 449,000. Euro area's government deficit shrunk last year to match the EU target, while public debt rose and remained above the official ceiling, figures from the Eurostat showed Wednesday. The shrunken government deficits suggest that euro area might be leaving behind the worst troubles of the financial crisis,...
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.