WPP boss says advertising giant poised to go on buying spree

Oct 18, 2020

Boss of WPP says advertising giant is poised to go on buying spree after patching up finances

By Daily Mail City & Finance Reporter

Published: 16:51 EDT, 18 October 2020 | Updated: 17:21 EDT, 18 October 2020

The boss of WPP says the advertising giant is poised to go on a buying spree after patching up its finances. 

Mark Read said the firm was now in ‘better shape’ after he launched a turnaround plan in 2018 and simplified its vast structure. 

Expansion plan: Mark Read said the firm was now in 'better shape' after he launched a turnaround plan in 2018

Expansion plan: Mark Read said the firm was now in ‘better shape’ after he launched a turnaround plan in 2018

‘It is time to start to look at how we grow,’ the 53-year-old told the Financial Times. 

WPP was built into a global empire by former boss Sir Martin Sorrell. 

However, his successor Read has reduced its brands from 484 to 250, merged agencies and sold data business Kantar.

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