WPP plc 6-K, filed Jan 5, 2023
WPP plc (WPP)
6-K
2023-01-05
For: 2023-01-05
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Added on
April 12, 2026
About this 6-K
WPP plc filed this 6-K on January 5, 2023.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_____________________
FORM 6-K
____________________
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
under the Securities Exchange Act of 1934
For the Month of January 2023
Commission File Number: 001-38303
______________________
WPP plc
(Translation of registrant's name into English)
________________________
Sea Containers, 18 Upper Ground
London, United Kingdom SE1 9GL
(Address of principal executive offices)
_________________________
Indicate
by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F:
Form
20-F X Form 40-F
___
Indicate
by check mark if the registrant is submitting the Form 6-K in paper
as permitted by Regulation S-T Rule 101(b)(1): ___
Note: Regulation S-T Rule 101(b)(1) only permits the
submission in paper of a Form 6-K if submitted solely to provide an
attached annual report to security holders.
Indicate
by check mark if the registrant is submitting the Form 6-K in paper
as permitted by Regulation S-T Rule 101(b)(7): ___
Note: Regulation S-T Rule 101(b)(7) only permits the
submission in paper of a Form 6-K if submitted to furnish a report
or other document that the registrant foreign private issuer must
furnish and make public under the laws of the jurisdiction in which
the registrant is incorporated, domiciled or legally organized (the
registrant’s “home country”), or under the rules
of the home country exchange on which the registrant’s
securities are traded, as long as the report or other document is
not a press release, is not required to be and has not been
distributed to the registrant’s security holders, and, if
discussing a material event, has already been the subject of a Form
6-K submission or other Commission filing on EDGAR.
Forward-Looking Statements
In
connection with the provisions of the U.S. Private Securities
Litigation Reform Act of 1995 (the ‘Reform Act’), the
Company may include forward-looking statements (as defined in the
Reform Act) in oral or written public statements issued by or on
behalf of the Company. These forward-looking statements may
include, among other things, plans, objectives, beliefs,
intentions, strategies, projections and anticipated future economic
performance based on assumptions and the like that are subject to
risks and uncertainties. These statements can be identified by the
fact that they do not relate strictly to historical or current
facts. They use words such as ‘anticipate’,
‘estimate’, ‘expect’, ‘intend’,
‘will’, ‘project’, ‘plan’,
‘believe’, ‘target’, and other words and
similar references to future periods but are not the exclusive
means of identifying such statements. As such, all forward-looking
statements involve risk and uncertainty because they relate to
future events and circumstances that are beyond the control of the
Company. Actual results or outcomes may differ materially from
those discussed or implied in the forward-looking statements.
Therefore, you should not rely on such forward-looking statements,
which speak only as of the date they are made, as a prediction of
actual results or otherwise. Important factors which may cause
actual results to differ include but are not limited to: the impact
of outbreaks, epidemics or pandemics, such as the Covid-19 pandemic
and ongoing challenges and uncertainties posed by the Covid-19
pandemic for businesses and governments around the world; the
unanticipated loss of a material client or key personnel; delays or
reductions in client advertising budgets; shifts in industry rates
of compensation; regulatory compliance costs or litigation; changes
in competitive factors in the industries in which we operate and
demand for our products and services; our inability to realise the
future anticipated benefits of acquisitions; failure to realise our
assumptions regarding goodwill and indefinite lived intangible
assets; natural disasters or acts of terrorism; the Company’s
ability to attract new clients; the economic and geopolitical
impact of the Russian invasion of Ukraine; the risk of global
economic downturn; technological changes and risks to the security
of IT and operational infrastructure, systems, data and information
resulting from increased threat of cyber and other attacks; the
Company’s exposure to changes in the values of other major
currencies (because a substantial portion of its revenues are
derived and costs incurred outside of the UK); and the overall
level of economic activity in the Company’s major markets
(which varies depending on, among other things, regional, national
and international political and economic conditions and government
regulations in the world’s advertising markets). In addition,
you should consider the risks described in Item 3D, captioned
“Risk Factors,” which could also cause actual results
to differ from forward-looking information. In light of these and
other uncertainties, the forward-looking statements included in
this document should not be regarded as a representation by the
Company that the Company’s plans and objectives will be
achieved. Neither the Company, nor any of its directors, officers
or employees, provides any representation, assurance or guarantee
that the occurrence of any events anticipated, expressed or implied
in any forward-looking statements will actually occur. The Company
undertakes no obligation to update or revise any such
forward-looking statements, whether as a result of new information,
future events or otherwise.
EXHIBIT INDEX
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Exhibit
No.
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Description
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1
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Acquisition dated 5 January 2023, prepared by WPP plc.
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FOR IMMEDIATE RELEASE
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5
January 2023
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WPP PLC ("WPP")
WPP acquires Fēnom Digital
WPP today announces the acquisition of Fēnom Digital, one of the fastest growing digital
transformation agencies in North America.
Founded by Dylan Runne three years ago in New York, Fēnom
Digital specializes in delivering enterprise commerce, order
management systems, supply chain, marketing, and customer
experience solutions to retailers and brands across North America.
The company calls upon over 190 highly skilled technologists to
deliver solutions that drive more than $5 billion of digital sales
for clients annually, including Basset Furniture, Casper, Crocs,
David Yurman, GNC, PacSun and Snipes.
In 2022, Fēnom Digital achieved Salesforce Crest Partner
status and won Salesforce Commerce Cloud Partner of the Year
for "Best Up and Coming Partner."
Fēnom Digital will join WPP's world-class, global commerce
capability within Wunderman Thompson, which
drives over $30 billion in GMV for brands such as Nestlé,
Bosch and Microsoft. This acquisition is part of Wunderman
Thompson's strategy to help clients drive growth across all major
digital routes to market in all major markets and will complement
the 3500 commerce experts within the Wunderman Thompson
group.
The announcement follows other recent Wunderman Thompson
acquisitions in the commerce space including Diff and Newcraft.
These further strengthened WPP's overall digital commerce
capabilities and reflect the company's ongoing investment into its
commerce offer for clients as consumer needs continue to change. It
is aligned with WPP's accelerated
growth strategy, building on
existing capabilities in the areas of commerce and
technology.
Mark Read, CEO of WPP, said: "Expanding
our business in high-growth commerce areas continues to be a high
priority for WPP as we enter 2023. The Fēnom team brings a
proven track record of success paired with deep industry expertise
and I'm delighted to welcome them to WPP."
Neil Stewart, CEO of Wunderman Thompson Commerce & Technology,
said: "We have been highly
impressed at the sales growth Dylan and the Fēnom Digital team
have achieved for their clients. Their expertise complements and
strengthens the world-class Salesforce capability that we already
have in North America. We are looking forward to bringing our
combined expertise to service clients across multiple Salesforce
clouds."
Dylan Runne, CEO, Fēnom Digital, said: "We
couldn't be happier to be joining the Wunderman Thompson family and
bringing our best-in-class commerce solutions to the world's
leading digital agency. Wunderman Thompson's commerce focus and
breadth of capabilities and experience open the door for Fēnom
to accelerate growth and continue executing on the vision of being
the leading global Salesforce Digital Transformation
Agency."
Further information
Alex Davis-Isaac, WPP
+1
646-531-7724
Alex.DavisIsaac@wpp.com
About WPP
WPP is the creative
transformation company. We use the power of creativity to build
better futures for our people, planet, clients and communities. For
more information, visit www.wpp.com.
SIGNATURES
Pursuant to the
requirements of the Securities Exchange Act of 1934, the registrant
has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
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WPP
PLC
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(Registrant)
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Date: 5
January 2023.
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By:
______________________
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Balbir
Kelly-Bisla
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Company
Secretary
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