Watch the latest episode of focusIR Fireside Chats: Why Edinburgh Investment Trust Is Backing Turnaround Stocks for 2026 Growth. Viewhere

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksWPP Regulatory News (WPP)

Share Price Information for WPP (WPP)

Share Price is delayed by 15 minutes
Get Live Data
244.50    8.70 (3.69%)
Bid:
245.00
Ask:
245.30
Spread: 0.30 (0.122%)
Market Cap: £2.64b
WPP Live PriceLast checked at - London Stock Exchange

Intraday WPP Share Chart

Acquisition

8 Dec 2022 12:00

RNS Number : 0972J
WPP PLC
08 December 2022
 

 

 

FOR IMMEDIATE RELEASE

8 December 2022

WPP PLC ("WPP")

WPP acquires Canadian commerce agency Diff to grow its partner ecosystem in North America

WPP today announces that it is acquiring Diff, a leading commerce agency based in Montreal, Canada.

 

Diff is an award-winning developer of tailor-made commerce solutions with specialized capabilities that address the rapidly growing Shopify commerce ecosystem. Founded in 2011 by Benjamin Crudo, the 115-strong company will join the Wunderman Thompson global network, complementing its world-class commerce and marketing services teams in North America.

 

With direct-to-consumer commerce sales in the United States forecast to grow to almost $213 billion by 2023, more brands are adopting D2C models as part of a multichannel approach. Diff specializes in growth strategy, front-end design, site optimization and system integrations which has enabled the agency to create some of the most innovative, complex and high-performing online stores on the Shopify platform, which now accounts for 10% of the United States' eCommerce market share. Among Diff's high-growth D2C client portfolio are Giant Tiger, Kith, Sakara Life, and more.

 

The acquisition will further strengthen WPP's digital commerce capabilities and reflects 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. WPP is ranked as a Leader in Forrester's latest global Commerce Services Wave, and already manages more than $40bn of direct and $20bn of marketplace GMV for clients, employing 13,500 commerce specialists across its agencies.

 

Mark Read, CEO of WPP, said: "The tremendous growth in the digital commerce ecosystem means our clients are looking to us to deliver the innovative solutions they need to reach new and existing customers in meaningfully engaging ways. Diff's Shopify expertise, alongside its unique blend of strategy, optimization and design, will be a welcome addition to our commerce portfolio and will drive results for our clients in North America, which is WPP's largest market."

 

Neil Stewart, CEO of Wunderman Thompson Commerce, said: "This acquisition boosts Wunderman Thompson's commerce and technology ecosystem across North America, bringing Shopify expertise to our roster of well-established technology partnerships. Our global clients will now have access to the expertise of one of Shopify's longest standing partners and its multichannel platform that caters to 600 million shoppers in more than 175 countries. Together we offer brands and retailers extended routes to market, including D2C, marketplaces, eRetail and social commerce."

Benjamin Crudo, CEO and Founder of Diff, said: "We couldn't be more excited to join the ranks of Wunderman Thompson, bringing Shopify's disruptive power to its global client base. Ecommerce has been radically reshaping the way brands bring their products and services to market, and Diff has been at the forefront of this revolution. As one of Shopify's founding and most innovative agency partners we're looking forward to continuing to expand the platform's reach."

 

 

Further information

Martina Suess, WPP +1 917-456-5049

Martina.suess@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.

 

 

 

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
ACQUPGBCPUPPGGR
Date   Source Headline
5th May 20175:48 pmRNSTransaction in Own Shares
4th May 20176:10 pmRNSTransaction in Own Shares
3rd May 20175:45 pmRNSTransaction in Own Shares
2nd May 201711:50 amRNSVoting rights and Capital 28 April 2017
28th Apr 20179:30 amRNSAnnual Report & Accounts 2016
27th Apr 20174:00 pmRNSBOARD RETIREMENT
27th Apr 20177:00 amRNSWPP Digital acquires Deeplocal in the US
27th Apr 20177:00 amRNSWPP 2017 First Quarter Trading Update
4th Apr 20174:50 pmRNSNotification of First Quarter Trading Statement
3rd Apr 20172:30 pmRNSVoting rights and Capital 31 March 2017
29th Mar 201710:25 amRNSBOARD RETIREMENT
27th Mar 20175:50 pmRNSDirector's Interest
24th Mar 20175:20 pmRNSTransaction in Own Shares
23rd Mar 20175:34 pmRNSTransaction in Own Shares
22nd Mar 20175:21 pmRNSTransaction in Own Shares
21st Mar 20175:53 pmRNSTransaction in Own Shares
20th Mar 20175:47 pmRNSTransaction in Own Shares
20th Mar 20178:30 amRNSMirum agrees to acquire 3Ti Solutions in China
20th Mar 20177:00 amRNSTransaction in Own Shares
16th Mar 20172:30 pmRNSGrey takes majority stake in Bruketa&Zinic,Croatia
15th Mar 20175:20 pmRNSTransaction in Own Shares
14th Mar 20176:11 pmRNSTransaction in Own Shares
13th Mar 20175:31 pmRNSTransaction in Own Shares
9th Mar 201711:30 amRNSLEAP 2012-16
7th Mar 20174:20 pmRNSDirectors' Interests
7th Mar 20174:05 pmRNSDirector's Dealing
3rd Mar 20177:00 amRNS2016 Preliminary Results
1st Mar 201712:35 pmRNSVoting rights and Capital 28 February 2017
20th Feb 20179:20 amRNSO&M acquires stake in Eightytwenty in Ireland
3rd Feb 201711:45 amRNSWPP invests in SubVRsive in the US
2nd Feb 201712:00 pmRNSWPP's GTB acquires Zubi Advertising Services in US
1st Feb 20172:45 pmRNSKantar Media acquires Newsaccess in Ireland
1st Feb 201712:35 pmRNSVoting rights and Capital 31 January 2017
24th Jan 201712:15 pmRNSGroupM to acquire MediaCom India
16th Jan 20179:00 amRNSOgilvy deal in China
11th Jan 201710:30 amRNSNotification of Preliminary Results
3rd Jan 20172:00 pmRNSVoting rights and Capital 31 December 2016
3rd Jan 20171:00 pmRNSWunderman acquires majority stake in Pmweb, Brazil
28th Dec 20165:05 pmRNSDirectors Interests
19th Dec 20163:10 pmRNSWPP Statement
19th Dec 20163:00 pmRNSGrey Group acquires Tank in Canada
15th Dec 201610:00 amRNSMediaCom acquires majority stake in Code
15th Dec 20169:00 amRNSSalmon acquires Eperium in the Netherlands
9th Dec 20169:00 amRNSB-M acquires minority stake in Kenyan affiliate
1st Dec 20162:40 pmRNSVoting rights and Capital 30 November 2016
1st Dec 20167:00 amRNSBriefing for Investors and Analysts
29th Nov 20164:00 pmRNSWPP acquires Promotion Execution Partners in US
29th Nov 201610:45 amRNSExecutive Performance Share Plan ("EPSP") Awards
8th Nov 20164:35 pmRNSWPP Signs Affiliation Agreement with PPG in Iran
1st Nov 20162:10 pmRNSVoting rights and Capital 31 October 2016

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.