logo
  

WPP Buys Brazilian Ecommerce Agency Corebiz

WPP Group Plc (WPP.L,WPPGY), a British mass media firm, said on Monday that it has acquired Corebiz, a Latin American ecommerce firm with an expertise in VTEX implementation, for an undisclosed sum.

The new move reflects WPP's ongoing investment into strengthening its commerce offer and is aligned with its accelerated growth strategy, building on existing capabilities in the areas of commerce and technology, WPP said in a statement.

Founded in 2013, Corebiz employs over 600 people across Latin America.
WPP manages over $40 billion of direct and $20 billion of marketplace GMV for clients and employs 13,500 commerce specialists across its agencies.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Three experimental physicists - Alain Aspect, John F. Clauser and Anton Zeilinger - have won this year's Nobel Prize for physics for their achievements in quantum mechanics. Announcing the winners in Stockholm Tuesday, the Royal Swedish Academy of Sciences said the coveted prize was awarded to the trio "for experiments with entangled photons, establishing the violation of Bell inequalities and pi The United States has announced that it will be imposing new round of sanctions this week on perpetrators of violence against peaceful protestors in Iran. The United States is also holding accountable Iranian officials and entities such as the Morality Police, that are responsible for employing violence to suppress civil society, President Joe Biden said in a statement. Biden said he is gravel Factory Orders, Job Openings, and Labor Turnover Survey might be the major highlights on Tuesday. Fed speeches also will get attention. Early signs from the U.S. Futures Index suggest that Wall Street might open higher. Asian shares finished broadly up and European shares are progressing. As...
Follow RTT