News this week: Earlier this week, international exhibition organiser, Informa Exhibitions, announced
the acquisition of a stake in the organiser of China Beauty Expo (Shanghai CBE), Shanghai Baiwen Exhibition Co Ltd. While
financial details of deal were not disclosed, the formation of a new joint
venture (JV), Informa-Baiwen, was confirmed.
The Shanghai CBE is composed of three co-located
exhibitions: Cosmetics
China, Cosmetech,
and Beauty
Shanghai. The three events focuses on cosmetics, skincare and fragrances;
equipment, packaging and ingredients; and professional salons and spa products.
The last edition of Shanghai CBE was held in May 2013, which attracted more
than 245,000 visitors and 1,650 exhibitors over 120,000 m2 of exhibition
space.
Peter Rigby, CEO of Informa, was quoted saying, “The joint
venture with Shanghai Baiwen Exhibition Company significantly strengthens our
presence in the region, and increases our stake in the beauty and medical
beauty industries globally. We look forward to working closely with our
partners at Baiwen to extend the strong growth record of CBE and leverage our
collective expertise to exploit other opportunities.”
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