Friday, November 29, 2013

Informa buys stake in Shanghai Baiwen

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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