Home / Knowledge / News / Apparel/Garments / GL increases its capital stake in Première Vision
GL increases its capital stake in Première Vision
22
Dec '10
Première Vision S.A., the international leader of shows dedicated to textiles and fashion industry services, is reorganising the ownership of its shareholdings. GL events is buying back the shares held by Eurovet, raising its participation in the company's capital from 24.50% to 49%, alongside French fabric manufacturers brought together in the Association Première Vision, which maintains a majority stake with 51% of shares.

The Association Première Vision and GL events - an international reference in the events sector and the long-time technical partner of Première Vision - will thus now jointly helm the company. Philippe Pasquet will be CEO and Lucien Deveaux will be chairman of the supervisory board.

Building on a brand that enjoys unparalleled international name recognition in the world of fashion and textile trade fairs, Première Vision organises the world's leading fabric show in Paris. Over the past 10 years it has created satellites of the main show in New York, Shanghai/Beijing, Moscow and most recently Sao Paulo, in a joint venture with local company Fagga Eventos, a Brazilian subsidiary of GL events.

The company is also involved in complementary fields, including yarns and fibres (the Expofil brand), design (Indigo and Direction by Indigo), denim (Denim by Première Vision), trimmings and supplies for fashion and design (ModAmont, organised in partnership with Tarsus France).

Positioned in terms of a selective offer and high-value-added services, Première Vision currently organises 22 shows per year in six countries, shows that bring together 3,400 exhibitors and welcome 160,000 professional visitors. The company, based in Lyon and in Paris, had a consolidated turnover of 35 million euros in 2009 (excluding ModAmont).

A fully integrated international group providing event solutions, also originally from Lyon, GL events operates in three major segments: organising events, management of event venues and related services. In 2010 consolidated turnover is expected to top 690 million euros. In the fashion sector, GL events has recently become a major shareholder in Sodes, organiser of the Salon du Prêt-à-Porter Paris.

In a context of accelerated concentration of businesses operating in the events sector, the strengthened ties between GL events and the Association Première Vision should allow Première Vision S.A. to foster its international development, and to further enrich its service content, as well as its portfolio of trade shows serving the fashion and accessories industries.

Première Vision S.A.

Must ReadView All

Textiles | On 22nd Apr 2017

Strong rupee & weak trade to affect textile exporters

Textile and apparel exporters' earnings and EBITDA margins will be...

Textiles | On 22nd Apr 2017

Myntra acquires InLogg

With an aim to strengthen supply chain and logistics, Flipkart-owned...

Textiles | On 22nd Apr 2017

Aditya Birla Group launches new variant Liva Crème

After its successful launch of high quality fabric Liva in 2015,...

Interviews View All

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search