PRESS RELEASE
November 27th 2013
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."
Enquiries
Informa plc
Peter Rigby, Chief Executive | +41 (0) 41 444 1341 |
Richard Menzies-Gow, Investor Relations | +44 (0) 20 3377 3445 |
FTI Consulting
Charles Palmer | +44 (0) 20 7269 7112 |
Notes to editors
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Cautionary Statements
This statement contains forward looking statements. These statements are subject to a number of risk and uncertainties and actual results and events could differ materially from those currently being anticipated as reflected in such forward looking statements. The terms 'expect', 'should be', 'will be' and similar expressions identify forward looking statements. Factors which may cause future outcomes to differ from those foreseen in forward looking statements include, but are not limited to: general economic conditions and business conditions in Informa's markets; exchange rate fluctuations, customers' acceptance of its products and services; the actions of competitors; legislative, fiscal and regulatory developments; changes in law and legal interpretation affecting Informa's intellectual property rights and internet communications; and the impact of technological change. These forward looking statements speak only as of the date of this statement. Except as required by any applicable law or regulation, the Group expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward looking statements contained in this document to reflect any change in the Group's expectations or any change in events, conditions or circumstances on which any such statement is based.
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