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Kantar Group and AARP Services Form Joint Venture Company Focused on the 50+ Consumer.


NEW YORK New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
 -- AARP AARP, a nonprofit, nonpartisan national organization dedicated to "enriching the experience of aging"; membership is open to people age 50 or older. Founded in 1958 by Ethel Percy Andrus as American Association of Retired Persons, AARP now has over 30 million  Services, a wholly owned subsidiary Wholly Owned Subsidiary

A subsidiary whose parent company owns 100% of its common stock.

Notes:
In other words, the parent company owns the company outright and there are no minority owners.
 of AARP, and The Kantar Group, one of the world's largest research networks, have entered into a joint venture agreement to provide research and advisory services advisory services

advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal
 focused on the 50+ consumer. The venture is being formed in response to growing demand from marketers, agencies and media organizations to better understand and serve the needs of this dynamic and fast-growing population.

The new company will leverage the combined strengths and experience of AARP Services with those of Kantar to develop a full suite of products and services to meet client and industry needs. AARP Services brings a wealth of experience and knowledge about the 50+ market to the venture, while Kantar's lead research agencies in this venture - Millward Brown, Research International and Lightspeed Research - will provide deep research and consumer insight expertise, and have relationships with more than 90% of the world's leading client brands.

Today there are more than 80 million adults ages 50 and older in the U.S., and that number is projected to expand to 125 million by 2020. Consumers 50+ spend trillions of dollars a year and have the largest market impact in terms of total dollars spent across numerous product and service categories. According to a recent US News & World Report, Madison Avenue continues to spend only about 10% of advertising dollars on the 50+ market.

"It seems obvious when you have a group the size of the 50+ population, and a spending power The power of legislatures to tax and spend.

Spending power is conferred to state and federal legislatures through their constitution. Judicial Review of legislative spending varies from state to state, but the law of federal spending informs courts in all states.
 of trillions of dollars a year, that businesses and marketers would invest the time and money to understand all segments of this demographic," stated Dawn Sweeney, President, AARP Services, Inc. "To date, many companies have yet to fully realize that this large and diverse population offers immense opportunity for their businesses. To make informed and profitable decisions, they will need accurate and insightful data. We are pleased to be working with the Kantar Group, a leading global research organization, to fulfill this unmet need."

"Successful marketing and advertising to today's boomer generation will require new strategies and creative tactics," said Rosi Ware, senior vice president -development, The Kantar Group, "and we look forward to working with AARP Services to help marketers better address the needs of this important population. We are making a significant investment to form what will be the world's largest and leading source of data, insight and advice on the 50+ market. We believe our research will drive change in marketing and communications practices, position today's 50+ market as the desirable, vibrant population they are, and enable companies to better meet the needs of this consumer segment," Ms. Ware added.

About Kantar Group

The Kantar Group is (www.kantargroup.com) is the global information, insight and consultancy division of WPP WPP Wire & Plastic Product PLC
WPP World Press Photo
WPP Web Presence Provider
WPP Wolf Pack Productions (anime fan subbing group)
WPP Witness Protection Program
WPP Wireless Packet Platform
WPP Work Package Planning
, one of the world's leading communications services groups. The Kantar Group provides a diverse range of skills and expertise oriented around the shared task of helping clients understand their markets, their brands and their customers, which are summed up in its statement of purpose: "better ways to answer business questions."

Kantar employs over 9,600 people in over 60 countries around the world. The Kantar companies, each a leader in its own area of expertise, include Added Value, BPRI BPRI Belgian Plastics and Rubber Institute
BPRI Business Planning & Research International (UK) 
, Cannondale Associates, Center Partners, Glendinning, Henley Centre, IMRB IMRB Indian Market Research Bureau
IMRB Improved Main Rotor Blade
IMRB Insensitive Munitions Review Board
IMRB Independent Motorized Rifle Battalion
, KMR KMR Kitten Milk Replacement
KMR Kwajalein Missile Range (US Army; now Reagan Test Site)
KMR Koninklijke Marine Reserve (Dutch)
KMR Knowledge Management for Remedy (KMXperts) 
, Lightspeed Research, Management Ventures, Mattson Jack, Millward Brown, pFour, Research International, and Ziment.

About AARP Services, Inc.

AARP Services, Inc., founded in 1999, is a wholly owned subsidiary of AARP. AARP Services manages the wide range of products and services that are offered as benefits to AARP's 35 million members. The offers span health and financial products, travel and leisure products, and life event services. Specific products include Medicare supplemental insurance; automobile and homeowners insurance; member discounts on rental cars, cruises, vacation packages and lodging; special offers on technology and gifts; life insurance; a credit card; pharmacy services; alternative health services health services Managed care The benefits covered under a health contract ; legal services legal services n. the work performed by a lawyer for a client. ; and long-term care long-term care (LTC),
n the provision of medical, social, and personal care services on a recurring or continuing basis to persons with chronic physical or mental disorders.
 insurance. AARP Services' responsibilities include developing new products, managing products and services, marketing, creating and maintaining partnership and sponsorship relationships, and developing and managing AARP's award-winning website, AARP.org.
COPYRIGHT 2005 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Jul 20, 2005
Words:683
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