Business
UBM Buys Business Journals Inc, US Fashion Show Portfolio
fashion trade shows New York & Las Vegas
(Source: UBM plc)
(Source: UBM plc)
UBM Plc announced on April 22, the acquisition of Business Journals Inc (BJI), a producer of fashion trade shows in New York and Las Vegas, for $69m in cash. BJI serves the men's apparel and women's apparel and accessories markets under the following leading tradeshow brands: AccessoriesTheShow, EDIT, FAME, Moda, MRket and Stitch. These shows run multiple times a year and in some cases are located in the same venues as UBM shows. BJI also operates several websites and publications serving the fashion sector. In 2015, BJI's revenues were approximately $40m - $33m from Events and $7m from Other Marketing Services.
BJI is highly complementary to UBM's existing fashion tradeshow portfolio. The combination of BJI and UBM will provide an improved experience for both attendees and exhibitors and generate material synergies in areas such as event operations, property and cross-marketing opportunities.
BJI is expected to make a modest post tax contribution this year. In 2017, with a full year of contribution and strong operational and financial synergies, the acquisition will achieve a return on investment in excess of UBM's weighted average cost of capital.
Source : UBM
Ruby BIRD
http://www.portfolio.uspa24.com/
Yasmina BEDDOU
http://www.yasmina-beddou.uspa24.com/
BJI is expected to make a modest post tax contribution this year. In 2017, with a full year of contribution and strong operational and financial synergies, the acquisition will achieve a return on investment in excess of UBM's weighted average cost of capital.
Source : UBM
Ruby BIRD
http://www.portfolio.uspa24.com/
Yasmina BEDDOU
http://www.yasmina-beddou.uspa24.com/
Ruby Bird Yasmina Beddou Us Fashion Show Portfolio New York Las Vegas Ubm Business Journals Inc Acquisition North America Fashion Sector Women Apparel Accessories Markets
Liability for this article lies with the author, who also holds the copyright. Editorial content from USPA may be quoted on other websites as long as the quote comprises no more than 5% of the entire text, is marked as such and the source is named (via hyperlink).
