Informa takes stake in Chinese beauty exhibition firm

27th Nov 2013 07:04

FTSE 250-listed publishing and conference company Informa has acquired a stake in Baiwen, which owns and organises the annual China Beauty Expo (CBE). It is the largest beauty trade event in China, comprising three co-located exhibitions that take place annually in Shanghai in May, namely Cosmetics China, Cosmetech and Beauty Shanghai. In 2013, the 18th edition of CBE attracted around 1,700 exhibitors from 22 countries and some 250,000 visitors across a floor space of approximately 120,000 sq m.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."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, the group added. NR