Trade Show Producer Sells One, Mulls Others
DMG World Media spins off California Gift Show, shifts focus.
DMG World Media, an international trade show producer and magazine publisher, announced Monday the sale of one of its events, and the intention to sell more.
DMG, a division of U.K.-based Daily Mail and General Trust, sold the California Gift Show to Merchandise Mart Properties Inc. Terms of the deal were not disclosed.
The CGS sale is the first in a series of strategic moves to reduce its North American gift show operations, the company said.
“It makes sense to transfer ownership to regionally based platforms for these shows,” DMG EVP Alan Steel said in a statement. “In the future, our focus will be on national events, national audiences and national trends. That’s where we can make the most valuable contribution to the industry.”
Talks are underway with prospective buyers for the West Coast and Canadian gift shows, which are expected to be sold in two separate transactions.
The Jordan, Edmiston Group is representing DMG in the deals.
DMG’s remaining shows in North America include ad:tech, iMedia, and Evanta, the GlobalPetroleum Show and the New York International Gift Fair, National Stationery Show, International Contemporary Furniture Fair and Surf Expo.