Jewellery & Watch owners to sell exhibition business

At the start of the year Ascential announced it was undertaking a strategic review of its exhibitions business to assess all options The board has now concluded that a sale is in the best interests of all shareholders in order to allocate capital to higher growth areas of the business that enable customers to succeed in the rapidly changing digital economy. ITE Group already operates several trade events globally including fashion events Moda, Scoop London and Jacket Required in the UK as well as a jewellery event – Jewelry Salon in Russia. As well as Jewellery & Watch, which is part of giftware show Spring Fair, the deal also includes the sale of six other events including Autumn Fair and fashion event Pure London. Ascential chief executive Duncan Painter, said in a statement: “The strategic review of the exhibitions business was undertaken to ensure that we prioritise our time and capital on enabling our . Source