27th Nov 2013 09:04
LONDON (Alliance News) - Informa PLC Wednesday said it has bought a stake in Baiwen, the owner and organiser of the annual China Beauty Expo or "CBE".
CBE is the largest beauty trade event in China, covering three co-located exhibitions that occur every year in Shanghai in May: Cosmetics China, Cosmetech and Beauty Shanghai.
In 2013, the 18th edition of CBE attracted around 1,700 exhibitors from 22 countries and nearly 250,000 visitors across a floor space of around 120,000sqm.
China is the second largest consumer and producer of cosmetic products in the world, with the market estimated at more than USD31 billion in 2012 by Euromonitor.
Copyright RTT News/dpa-AFX
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