Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Moda owner to buy Pure London's parent company

The owner of trade show Pure London, Ascential, has announced it is planning to sell its exhibitions business to ITE Group – which owns Moda, Jacket Required and Scoop – for £300m. 

As well as Pure London Ascential’s exhibitions business comprises of Spring and Autumn Fair, Bett, CWIEME, Glee and BE.

The deal is expected to complete in July, no further details are available at this stage. 

Ascential CEO Duncan Painter said: “The strategic review of the exhibitions business was undertaken to ensure that we prioritise our time and capital on enabling our customers to succeed in the digital economy. We are therefore pleased to have found a good home and achieved a fair price for the exhibitions business.”

The Ascential exhibitions business generated revenue of £82.9m (or, adjusting for discontinued and sold events, £78.5m) and adjusted EBITDA of £23.3m, for the year to 31 December.

Readers' comments (1)

  • ...and then they are selling it to Amazon!

    Unsuitable or offensive? Report this comment

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.