China, 24th March: Earlier this week, GL events announced plans to acquire 60% of Shenzhen Sheng Shi Peng Cheng Exhibition Company subject to approval from the Ministry of Commerce of the People’s Republic of China (MOFCOM). Financial details for the acquisition were not released.

Shenzhen Sheng Shi Peng Cheng is the organiser of the Fashion Source Exhibitions in southern China, which is held twice a year in Shenzhen. The fall edition, launched in 2001, will bring more than 1,000 exhibitors, occupying over 100,000 m2 in November 2019; while the spring edition, launched in 2018, will hold its second edition in May 2019 and it is expected to double its size to 30,000 m2.