Media Release | MCH Group | ART DÜSSELDORF
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MCH Group AG /
Media Release | MCH Group | ART DÜSSELDORF
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MCH Group acquires a holding in ART DÜSSELDORF
MCH Swiss Exhibition (Basel) Ltd., a company owned by MCH Group in
Basel/Switzerland, is acquiring a 25.1 percent holding in art.fair International
GmbH in Cologne/Germany, the organiser of the new art fair ART DÜSSELDORF. 74.9
percent of the company will remain in the hands of the current proprietors to
date, Andreas Lohaus and Walter Gehlen. MCH Group has the option of acquiring a
majority stake in the next years.
Marco Fazzone, Managing Director of Design & Regional Art Fairs within MCH
Group, comments: "MCH Group's participation in ART DÜSSELDORF constitutes a
further step in the implementation of our strategic initiative for the worldwide
expansion of a new portfolio of regional art fairs in important art locations.
We are convinced that ART DÜSSELDORF will be a success. ART DÜSSELDORF in the
Areal Böhler will become the leading regional art fair in Germany, the Benelux
region and the Rhineland - and thus also have an international radiance."
Fazzone stresses that ART DÜSSELDORF will remain an autonomous brand. "It will,
however, benefit from the MCH Group's experience and network, as well as from
synergies with the other regional art fairs, which in the near future are going
to form a strong global network."
Responsibility for ART DÜSSELDORF will remain in the hands of the existing team
at art.fair International GmbH under the leadership of Andreas Lohaus and Walter
Gehlen. ART DÜSSELDORF will take place for the first time from 16 to 19 November
2017 and will be accompanied by its "sister fair" of BLOOOM. Lohaus is pleased
that "making a reality out of ART DÜSSELDORF and having the participation of the
MCH Group are magnificent developments for North Rhine-Westphalia, as an art
location. That the choice should fall on the Rhineland as a key location for an
art fair within the MCH Group's global strategy constitutes both recognition and
an incentive." Walter Gehlen, his partner in the business, underscores that:
"our activities in Düsseldorf are attracting great interest from galleries all
over the world, who wish to make successful use of this fair for themselves. We
are looking forward to the first edition of ART DÜSSELDORF."
MCH Group's participation in ART DÜSSELDORF is its second holding in a regional
art fair, after its investment in the India Art Fair in autumn 2016. As
announced in March 2016, MCH Group is setting out to expand its position in the
art market by building up a portfolio of leading regional art fairs and
strengthening the regional art markets. The regional art fairs will continue to
be developed as autonomous brands by local teams and will develop a new
radiance, which in the case of ART DÜSSELDORF will be international in nature,
with a view to consolidating their leading positions in the regions concerned.
More information:
MCH Group
MCH Group / Regional Art Fairs
ART DÜSSELDORF
Contact:
MCH Group
Corporate Communications
Christian Jecker
+41 58 206 22 52
christian.jecker(at)mch-group.com
Download pdf:
http://hugin.info/134007/R/2076941/781182.pdf
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The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: MCH Group AG via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 09.02.2017 - 07:15 Uhr
Sprache: Deutsch
News-ID 523030
Anzahl Zeichen: 4080
contact information:
Town:
Basel
Kategorie:
Business News
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"Media Release | MCH Group | ART DÜSSELDORF"
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