Milan (Italy), 1 August 2018 – BolognaFiere Cosmoprof, company of BolognaFiere Group and organizer of the events of the international Cosmoprof network, consolidates its international leadership thanks to the acquisition of the German group Health & Beauty.
With this agreement, the platform of Cosmoprof Worldwide Bologna further extends its presence in the professional beauty salon and nail sectors, and expands its business in publishing and digital, acquiring high quality know-how and professionality. With this strategical acquisition, which will be executed in October, Cosmoprof will reach a total turnover of 90 million euros.
Health & Beauty, based in Ettlingen, Germany, is an international media company with a portfolio of 30 trade magazines focused on the beauty industry. The group organizes the trade shows of the Beauty Forum brand in 14 countries, and it involves1.600 companies and 130.000 professionals.
Beauty Forum is held in Germany, with the events in Munich and Leipzig, inSwitzerland – Zurich, in France with the show in Paris, in Poland with two events inWarsaw, in Hungary – Budapest, e in Romania – Cluj-Napoca.
The group has specific agreements for the organization of events in Greece (Athens),Slovakia (Trencin) and in Slovenia (Ljubljana); furthermore, it promotes match- making meetings in Dubai, Nice and Toulouse, with a turnover up to 13 billion euro.
BolognaFiere Cosmoprof has been assisted by Nctm Studio Legale for legal aspects, Marchese&Zanardi for tax and financial aspects, and by the German lawfirm Luther with respect to German law profiles.
Thanks to this acquisition, the Cosmoprof network enlarges its area of influence in key markets for the beauty industry in Central Europe, increasing business opportunities for more than 370,000 professionals and 7,000 companies attending the events of the group around the world.
BolognaFiere Group held the Cosmoprof format all over the world. Together with the Cosmoprof shows in Bologna, Las Vegas, Mumbai and Hong Kong (with Cosmoprof Worldwide Bologna, Cosmoprof North America, Cosmoprof India Preview andCosmoprof Asia), the group participates as international sales agent for beauty trade shows in key markets for the sector: Iran Beauty & Clean in Teheran, Belleza y Salud 2018, in Colombia, Bogotá, and from 2018 in South East Asia withAseanBeauty (Thailand), PhilBeauty (Philippines), VietBeauty (Vietnam) andBeautyExpo (Malaysia).
For further information, www.cosmoprof.com