GLM Acquired by DMG
Thomas Russell -- Furniture Today, October 1, 2007
New York International Gift Fair and New York Home Textiles Market operator George Little Management (GLM) has been acquired by publisher and trade show producer dmg world media, with a closing date set for Oct. 1.
Mike Cooke, ceo of dmg, will assume the title of chairman and co-president of GLM. William Little, Jr., grandson of GLM founder George Little, will retire.
GLM's executive staff will retain their current responsibilities. George "Jeff" Little, also a grandson of GLM's founder, will be co-president; Alan Steel and Jack Withiam are evps; Philip Robinson is svp; and Richard Pasternak is svp and treasurer.
The two companies have had a working relationship for seven years. Cooke observed, "To take advantage of the strong and effective management arrangement, it's only logical to combine the dmg world media gift shows with GLM's shows under a single management structure."
Jeff Little noted, "We agree with their thinking and share their desire to accelerate the acquisition so that we can start seeing the benefits sooner of having an integrated group of leading trade shows."
The North American consumer home shows of dmg will be sold off, the company said. The parent firm of dmg world media is Daily Mail & General Trust plc, one of the largest companies listed on the London Stock Exchange.
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