Apr 22, 2016
UBM added more than a few dozen shows to its fashion portfolio in the United States with the acquisition of Business Journals Inc. for $69 million in cash.
“We are delighted to have acquired BJI. This transaction is very much in line with our ‘Events First’, strategy,” said Tim Cobbold, CEO of UBM.
He added, “It adds to our presence in North America and also in the fashion sector, both of which were already strong following UBM’s acquisition of Advanstar at the end of 2014. We see excellent opportunities to deliver an improved experience for customers and to realize the operational benefits… more
Apr 18, 2016
Richmond, Va., is rich in history, but the city’s appeal is not limited to being transported through time. Quite the opposite. Richmond is a 300-year-old town with 21st Century appeal.
Just a block away from the historic Jefferson Hotel, established in 1895, is the brand new Quirk Hotel. A small boutique hotel, aptly named for its amalgam of lodging, creative meeting space, fine dining, and art exhibit space.
For history buffs, Quirk is built in a beautifully renovated 1916 department store, J.B. Mosby and Co, of Italian Renaissance design. It features classic architecture such as sweeping… more
Apr 18, 2016
Meeting Professionals International and host city partners Meet AC and Caesars Entertainment have unveiled several unique and exciting networking opportunities at this year’s World Education Congress (WEC) in Atlantic City.
MPI is offering a new registration option – the WEC Networking Package – that grants exclusive entry to all four evening events, including the MPI Foundation’s Rendezvous, which will be headlined by the Grammy® Award-winning band Train.
“Year after year, attendees tell us how valuable WEC is for growing their professional networks,” said Paul Van Deventer, president and… more
Apr 18, 2016
Cvent, a cloud-based enterprise event management company, entered into a definitive agreement to be acquired by affiliates of Vista Equity Partners, a private equity firm focused on investments in software, data and technology-enabled businesses.
Vista will acquire 100 percent of the outstanding shares of Cvent common stock for a total value of approximately $1.65 billion.
“We are pleased to announce this transaction that provides a significant premium for Cvent stockholders,” said Reggie Aggarwal, founder and CEO of Cvent.
He added, “This milestone is the next chapter in our 17-year… more
Apr 18, 2016
Industry Veteran Larry Luteran has been brought on my parent company Freeman to Freeman Audio Visual, as the company continues to grow its global presence.
Named chief sales officer, Luteran will be responsible for the revenue performance of Freeman Audio Visual, Freeman Audio Visual Canada and Encore Event Technologies.
During the past six years, Freeman has broadened its Audio Visual presence by expanding its AV technology division through organic growth and acquisitions around the world.
“We’re building a strong leadership team with a focus on extending the company’s reach, with expanded… more
Apr 18, 2016
UFI launched its Next Generation Leadership Grant (NGL Grant), which has a deadline of April 30 for applications.
The program promotes next-generation leadership in the exhibition industry, rewarding professionals who show clear initiative in driving change and innovation in their area of activity.
Supported by funding from Reed Exhibitions, this new grant reflects UFI’s commitment to recognizing the best talents of the exhibition industry by involving them in the planning and realization of the largest annual events for the global exhibition industry.
UFI is looking for up to five… more
Apr 16, 2016
Ray Pekowski, CEO and chairman of family-owned The Expo Group, has been in the trade show industry for 41 years and said the key to success is creating strong relationships.
Besides TEG, he also worked at Greyhound Exposition Services Co. and then United Exposition Service Co. Pekowski’s experience and unique vision of customer service led to the development of the Single Source Solution® for exhibitors and show managers.
TEG, with its patented customer service model, is celebrating its 25th year in business in 2016. He is very active in the industry and community charities… more
Apr 15, 2016
Las Vegas top meetings and convention experts came together April 14 to celebrate the first Global Meetings Industry Day (GMID) at the newly opened T-Mobile Arena.
The event marked the expansion of North American Meetings Industry Day, held earlier this year and was spearheaded by the Meetings Mean Business Coalition and Convention Industry Council.
It had special significance to Las Vegas, where meetings, conventions and tradeshows bring over $9.3 billion in economic impact and support more than 66,000 jobs. It’s also home to the largest 54 tradeshows in North America, as ranked by the 2015… more
Apr 15, 2016
Fifty years ago, about 2,000 attendees and 80 exhibitors gathered under the grandstands at Dodger Stadium in Los Angeles for the first Speed Equipment Manufacturers Association (SEMA) trade show.
The exhibits that year consisted mainly of racing equipment and products that enhanced the performance and safety of high-performance competition automobiles. The show was managed by automotive publisher Petersen Publishing and a 10’x10’ exhibit space cost $200.
The next year, the show moved to the Anaheim Convention Center, before relocating to Las Vegas in 1977. Now known as the Specialty… more
Apr 14, 2016
Hannover Fairs USA, a subsidiary of Germany-Based Deutsche Messe AG, will launch the North American Commercial Vehicle Show Sept. 25-29, 2017, in Atlanta.
The 300,000 square feet of planned exhibit space will allow suppliers, commercial vehicle OEMs and the supply chain to meet with and address the needs of the North American commercial vehicle industry audience, according to show organizers.
“The new North American Commercial Vehicle Show is a perfect fit with Deutsche Messe’s commercial vehicle events portfolio,” said HFUSA President and CEO of Larry Turner.
He added, “HFUSA and Newcom are… more
Partner Voices
MGM Resorts is committed to fostering an inclusive and diverse culture, not just among employees and guests but also within its supply chain. The company prioritizes procuring goods and services from businesses owned by minorities, women, veterans, people with disabilities, LGBTQ individuals and those facing economic disadvantages. This commitment is integral to MGM Resorts' global procurement strategy.
Through its voluntary supplier diversity program, MGM Resorts actively identifies and connects certified diverse-owned suppliers to opportunities within its supply chain. The company is on track to spend at least 15% of its biddable procurement with diverse-owned businesses by 2025, demonstrating that supplier diversity is not only a social responsibility but also a strategic business imperative.
Supplier diversity isn’t just the right thing to do – it’s good for business. A diverse supply chain allows access to a broader range of perspectives and experience, helping to drive innovation, entrepreneurship and resilience, while strengthening communities. At MGM Resorts, engaging diverse suppliers ensures best-in-class experiences for guests and clients. Supplier diversity ensures a more resilient supply chain while supporting economic development in the communities in which it operates.
The impact of MGM Resorts' supplier diversity initiatives is significant. In 2023, these efforts supported over 3,500 jobs across more than 30 states, contributed over $214 million in income for diverse-owned businesses and generated more than $62 million in tax revenue. The story extends beyond the numbers – it reflects the tangible benefits brought to small and diverse-owned businesses, fostering economic empowerment in their communities.
MGM Resorts also supports the development and business skills of diverse-owned businesses through investment, mentorship and education. Through the MGM Resorts Supplier Diversity Mentorship Program, the company identifies, mentors and develops diverse-owned businesses to fill its future pipeline, while providing businesses with tools and resources to empower and uplift. Since 2017, the program has successfully graduated 105 diverse-owned businesses and is on track to achieve its goal of 150 graduates by 2025.
MGM Resorts’ commitment to supplier diversity not only enhances its business operations but also plays a crucial role in uplifting communities and fostering economic development. This approach reinforces the idea that diversity is a powerful driver of innovation and resilience, benefiting both the company and the wider community.