Hill & Knowlton acquires remaining stake in Feedback Hill & Knowlton
14 Mar 2009
WPP announced that its wholly-owned public relations and public affairs network Hill & Knowlton (H&K), has acquired the remaining 70-per cent stake in Feedback Hill & Knowlton, one of Poland's leading PR consulting firms.
Founded in 1994, Feedback Hill & Knowlton Poland has been associated with H&K since 1998. Based in Warsaw, it employs 39 people. Clients include GSK, HSBC, Michelin, Samsung, Reckitt Benckiser and Pepsi.
Feedback Hill & Knowlton Poland's unaudited revenue for the year ended 31 December 2008 was PLN 5.2 million with gross assets at the same date of PLN 2.4 million.
This investment continues WPP's strategy of developing its networks in fast growing markets and sectors.