ITE Moda Forms JV with Hong Kong Fashion Show
U.K.-based exhibition organiser ITE Moda, a subsidiary of ITE Group, announced a joint venture (JV) partnership has been formed with Entrepot Asiato collaborate on developing newly launched Hong Kong fashion trade show The Hub.
ITE Moda acquired a 20% stake in The Hub through the new JV. Financial details of the deal were not disclosed. ITE Moda will work alongside co-founders Peter Caplowe and Richard Hobbs to develop The Hub’s business in Asia.
The inaugural event took place at AsiaWorld-Expo(AWE) from 28th to 30th August 2013 and featured more than 100 international brands and companies. ITE Moda’s portfolio of fashion events also includes Jacket Required, Bubble London, Scoop, and Moda.
Colette Tebbutt, managing director of ITE Moda, said, “This latest investment highlights further our commitment to ensuring future expansion for forward-thinking fashion brands. Premium fashion is currently one of the fastest growing areas of the global women’s and menswear markets and we look forward to working with those brands who are positioning themselves to take full advantage of this dynamic sector.”
The next edition of The Hub will run from 25th to 27th February 2014 at the AWE.