Strategic investment in China
Informa PLC - Strategic investment in China
Acquisition of a stake in Chinese company Baiwen
Informa PLC (“Informa” or the “Group”), is pleased to announce the acquisition of a stake in Baiwen, the owner and organiser of the annual China Beauty Expo (“CBE”).
China is the second largest consumer and producer of cosmetic products in the world, with the market estimated at over $31bn in 2012 by Euromonitor.
CBE is the largest beauty trade event in China, comprising three co-located exhibitions that take place annually in Shanghai in May: Cosmetics China, Cosmetech and Beauty Shanghai. In 2013, the 18th edition of CBE attracted around 1700 exhibitors from 22 countries and some 250,000 visitors across a floor space of approximately120,000sqm.
Peter Rigby, Chief Executive, said:
“The acquisition of a stake in Baiwen is an exciting and strategically important move for Informa, increasing our exposure to the Chinese exhibition market and further strengthening our position in the beauty and aesthetics segment. 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.”
Peter Rigby, Chief Executive +41 (0) 41 444 1341
Richard Menzies-Gow, Investor Relations +44 (0) 20 3377 3445
Charles Palmer +44 (0) 20 7269 7112
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