Media firm Emap buys out WGSN, fashion & style news provider

14 Oct '05

3 min read

For the financial year ended December 2004, WGSN had revenues of £15m and pre-tax profit of £4m. At that date the business had gross assets of £37m.

Forecast revenues for the 2005 calendar year are expected to be £19 million with operating profit of £7 million. The acquisition will meet all of Emap's acquisition criteria.

Derek Carter, Chief Executive of Emap Communications informed that the acquisition of WGSN is in line with our strategy to develop and expand our five key verticals – retail, construction, public sector, healthcare and media – while seeking to concentrate on premium, market leading, value added products with a loyal customer base and superior growth profiles.

Tom Moloney, Chief Executive of Emap plc stated that they are delighted to add WGSN to our already market leading retail portfolio. WGSN is a high quality, high growth information product with a very exciting future. It is a great addition to our overall information offering, alongside CAP, Glenigan, Brad and De Havilland.

UK's media company Emap plc leads the marketplace with a strong portfolio of over 400 products including FHM, Kiss, Heat, Nursing Times, Health Service Journal, Spring Fair, MaxPower, Kerrang!, Smash Hits!, Tele Star, Tele Poche and Pleine Vie. It owns and develops leading edge brands in radio, TV, consumer magazines and B2B (magazines, conferences and exhibitions) in the UK, France and around the world.

WGSN is the leading global service providing online research, trend analysis and news to the fashion, design and style industries. Launched in early 1998 by founders Julian and Marc Worth, WGSN is sweeping the style industry, being viewed as the most dynamic and successful service to emerge online.

Emap plc

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