dmg world media (www.dmgworldmedia.com), a division of Daily Mail & General Trust plc (DMGT), has sold the California Gift Show (CGS) to Merchandise Mart Properties, Inc. (www.merchandisemartproperties.com). The company also announced its intention to sell its remaining U.S. West Coast and Canadian Gift Shows.
JEGI CLARITY (www.jegiclarity.com) the leading provider of independent investment banking services for media, information, marketing services and related technologies, represented dmg world media in the sale of CGS and is representing the company as well in its divestiture of the U.S. West Coast and Canadian Gift Shows.
“This final stage of activity puts dmg world media nearer the strategic finish line here in North America,” said Mike Cooke, CEO, dmg world media. “In 2007, we set out to reshape the business to focus more on fast growing trade markets and less on consumer based products. We have been successful thus far in finding buyers who see value in these products, which are no longer a strategic fit for dmg world media, but still have great potential in their regional or niche markets.”