WPP Invests in Fashion, Lifestyle Media Firm Refinery29
April 28 2015 - 04:05AM
Dow Jones News
LONDON--Advertising giant WPP PLC (WPP.LN) said Tuesday it ha
made a strategic investment in Refinery29 Inc., a privately-held
fashion and lifestyle media company providing content, shopping
solutions and social networking opportunities primarily in the
fashion, shopping and beauty categories targeted towards millennial
women.
The [undisclosed] investment is being made through WPP Ventures,
the company said. WPP Ventures partnered with Scripps Networks
Interactive in the investment.
Shares at 0730 GMT down 15 pence, or 0.95%, at 1570 pence
valuing the company at 20.53 billion pounds ($31.16 billion).
-Write to Ian Walker at ian.walker@wsj.com; @IanWalk40289749
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
WPP (NYSE:WPP)
Historical Stock Chart
From Feb 2024 to Mar 2024
WPP (NYSE:WPP)
Historical Stock Chart
From Mar 2023 to Mar 2024