M Squared Media Ltd has announced its intention to acquire the hairdressing industry’s iconic brands including Hairdressers Journal International, Salon International and the British Hairdressing Awards from Reed Business Information (RBI).
M Squared Media Ltd is part of the group of companies that own Professional Beauty, which over the past 27 years has become one of the Europe’s leading publishers and exhibition organisers serving the health and beauty profession.
Commenting on the acquisition, M Squared Media and Professional Beauty managing director Mark Moloney said: “It’s a genuine coup for the Hairdressers Journal International portfolio to be joining us; to have the hair and beauty industry’s leading magazine and expo brands under one roof will enable us to better assist both professions in their development. Since its inception, Professional Beauty has focused on the needs of the professional treatments industry particularly encouraging greater business professionalism among salon owners. This philosophy combined with additional investment will allow the hair industry’s heritage brands to reach their true potential, both in the UK and overseas.”
RBI Managing Director, David Wilson, said: “The sale of the Hairdressers Journal International portfolio reflects RBI’s ongoing strategic priority of focussing on paid content and data solutions.
“They are an incredibly talented team who have successfully innovated and expanded their portfolio. In M Squared Media Ltd we are delighted to have found the best owners to ensure the continuity and development of the business.”
The deal is due to complete in October subject to appropriate employee consultation.
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About M Squared Media Ltd
M Squared Media publish Aesthetic Medicine and Professional Spa & Wellness magazines as well as organise Aesthetic Medicine Live at Olympia in London. M Squared is part of the group of companies that own Professional Beauty which have 12 exhibitions and three magazines serving the health and beauty profession. The companies stage their events in the UK, Ireland, India, South Africa and the UAE.
About Reed Business Information
Reed Business Information provides information and online data services to business professionals worldwide. Customers have access to our high-value industry data, analytics, information and tools. Our strong global brands hold market-leading positions across a wide range of industry sectors including banking, petrochemicals and aviation where we help customers make key strategic decisions every day. RBI is part of RELX Group plc, a world-leading provider of information solutions for professional customers across industries. https://www.reedbusiness.com
About RELX Group
RELX Group is a world‐leading provider of information solutions for professional customers across industries. The group employs about 28,500 people of whom half are in North America. RELX PLC, the London Stock Exchange listed shareholding vehicle, holds 52.9% of the shares in RELX Group. RELX NV, the Amsterdam Stock Exchange listed shareholding vehicle, holds 47.1% of the shares in RELX Group. The shares are traded on the London, Amsterdam and New York Stock Exchanges using the following ticker symbols: London: REL; Amsterdam: REN; New York: RELX and RENX. The total market capitalisation is approximately €29.4bn/£21.6bn*.
*Note: Current market capitalisation can be found at http://www.relxgroup.com/investorcentre