# WPP to acquire leading Latin American ecommerce agency Corebiz

- Link: https://www.directorstalkinterviews.com/wpp-to-acquire-leading-latin-american-ecommerce-agency-corebiz/4121073193
- Published: 2022-07-18T07:43:53+01:00
- Author: Amilia Stone

**WPP **(LON:WPP) has announced that it is acquiring Corebiz, a leading Latin American
ecommerce agency specialising in VTEX implementation, one of the largest enterprise
digital commerce platforms in the region. 

Founded in 2013, Corebiz employs over 600 people across Latin America, with the 
majority of its headcount based in its São Paulo and Franca offices in Brazil. The
Brazilian operations of the company will join the VMLY&R COMMERCE global network,
with further regional outposts of the business coming onboard over the course of
the coming year. 

Corebiz counts industry leaders such as Whirlpool, Casino Group, Walmart, Carrefour,
Decathlon and Estée Lauder amongst its clients. It specialises in a range of ecommerce
digital solutions covering three key pillars: acquisition, from creating key visuals
for impactful digital campaigns to driving targeted SEO; conversion, including CRO
and full stack development; and loyalty, spanning from CRM system implementation
to managing consumer data and running targeted promotional campaigns. As a leading
implementation specialist of VTEX, the agency helps clients reduce time-to-market,
reach audiences across multiple channels, and uncover new growth areas in Latin 
America and beyond.

This acquisition reflects WPP’s ongoing investment into strengthening 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 global Commerce Services
Wave, and already manages more than $40bn of direct and $20bn of marketplace GMV
for clients and employs 13,500 commerce specialists across its agencies.

> **Stefano Zunino, Country Manager for WPP in Brazil,** said: “Companies both in
> Latin America and around the world are looking to grow their ecommerce capabilities,
> having seen over the last two and half years the impact that strong digital commerce
> strategies can have on business growth. Corebiz’s market-leading knowledge of 
> enterprise commerce platforms such as VTEX will further strengthen our commerce
> expertise. I look forward to welcoming the Corebiz team as we expand our offer
> to clients here in Brazil and beyond.”

> **Beth Ann Kaminkow, Global CEO of VMLY&R COMMERCE**, said: “Bolstering our creative
> commerce offering to drive conversion every day for our clients is an essential
> ingredient to creating connected brands. The team at Corebiz are not only experts
> in this field, but also share our philosophy for building a thriving company culture
> alongside business growth. We’re thrilled to get our collaboration underway across
> our client base.”

> **Felipe Macedo and Renan Mota, Founders and Co-CEOs of Corebiz**, said: “Over
> the last few years, we have actively participated in the acceleration of the ecommerce
> market in Latin America. Now, our goal is to take this expertise to the rest of
> the world. This will only be enhanced by joining WPP and the VMLY&R COMMERCE network
> and we are excited to strengthen ecommerce enablement for VMLY&R COMMERCE’s global
> clients.”

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