EXHIBITION NEWS news6 JUNE 2011 EXHIBITIONNEWS.CO.UKBETT, Top Gear Live quit Earls Court & OlympiaThe BETT exhibition and Top Gear Live have confi rmed plans to move out of Earls Court and Olympia (EC&O) exhibition centres.Emap's annual BETT education technology show has been running at Olympia for several years, while Top Gear Live, which has been running alongside the MPH Prestige and Performance Motor Show since 2008, was held in Earls Court. Brand Events has not renewed its tenancy agreement with EC&O and is planning signifi cant changes to the 2011 edition of MPH/TopGear Live, a spokesperson told EN. Further details will be released in coming months. In a statement, EC&O wished the organisers behind MPH and Top Gear Live the best and said it was proud to have helped build the two events. The 27 year-old BETT show is scheduled to run at Olympia from 11 to 14 January 2012 Strong start to 2011 reportedListed UK-based organisers have reported strong results for the fi rst few months of the year and are tipping further records in 2011. Centaur Media reported an increase in year-on-year events revenue for the four months to 30 April 2011. Events revenue was up four per cent, buoyed by its two largest exhibitions, Business Travel Show and National Homebuilding and Renovating. Both exhibitions delivered eight per cent aggregate revenue growth despite challenges in their respective markets, Centaur said.International organiser ITE, meanwhile, saw revenue increase to £53m from £39m year-on-year in the six months to 31 March 2011, while gross profi ts were up to £21m from £17m for the same period. More than £4m in revenues came from newly-acquired businesses including Russian companies MVK and Krasnodar Expo. "ITE has delivered a good performance during the fi rst half of the year as the recovery seen last year turned to sustained growth in our core markets," said ITE CEO Russell Taylor. As of 12 May, the group had booked £137m for the fi nancial year compared to £98m last year. "Good trading conditions in our markets allied with longer term potential give the Board confi dence in ITE's future," added Taylor.Tarsus' forward bookings stand at 75 per cent of anticipated full-year revenues, compared with 67 per cent in 2010, according to a market statement. The fi gures, adjusted to account for biennial events, relate to the publication of the B2B exhibition organiser's preliminary results on 7 March 2010 to 5 May 2011. The group's revenues remain heavily weighted for the second half, and odd years are by far the larger in profi t terms, containing both Labelexpo Europe in September and the Dubai Airshow in November. Nonetheless, the Off-Price Show in Las Vegas saw revenues rise 10 per cent while Tarsus' medical division demonstrated good growth thanks to education programmes. before relocating to Excel London in 2013. The show attracts over 700 exhibitors."Although it's with sadness that we announce our move from such a great venue, BETT has quite simply outgrown the space available at the venue," Emap Connect MD Paul Dunne said. Excel offered the location and facilities to support BETT's increasing exhibitor and visitor requirements and will also provide superior transport services post-Olympics as well as good accommodation options, Emap said."BETT has become the world's largest educational technology event over its 13 years at Olympia. The show has become so large that it has now outgrown our venue and has been forced to fi nd a new location to house its expanding space requirements," EC&O commercial director Anna Golden added.Emap chief steps downDavid Gilbertson is stepping down after three years as Emap's chief executive, giving the ongoing involvement of private equity partners brought about by the recession as a key reason for his exit.The company, which organises Spring Fair International among other exhibitions, was bought by Guardian Media Group and Apax for £1.2bn in December 2007, with both companies subsequently forced to write down the value of the investment. The company faced a possible breach of its lending covenants last year until both investors injected tens of millions in fresh funding. Emap's other creditors agreed to waive the covenant breach in return for its accepting expensive and potentially restrictive new lending terms.Gilbertson's departure is said to have come by mutual agreement. "Recession has extended the likely period of private equity ownership for the business, making this an opportune moment for new leadership to take the company on to its next phase," he said.
news EXHIBITION NEWSEXHIBITIONNEWS.CO.UK JUNE 2011 7Clarion Events has postponed the London Gift Fair after one edition. The show was launched in September 2010 in Olympia's National Hall and ran alongside Clarion's established Top Drawer product and design show in the Grand Hall.According to a statement, the show has been postponed until market conditions improve. In the meantime, Clarion has announced additional investment into its Top Drawer event including expansion into the space left vacant by Gift Fair. "London Gift Fair was launched following extensive research with exhibitors and buyers which identifi ed a gap in the marketplace for a general giftware offering in London," the Clarion statement read. "Following the launch in 2010, further analysis was carried out which again reinforced the need for the show and Clarion continued to receive fantastic support from exhibitors and buyers alike. "Given the current market conditions, we feel that while there is an industry need for London Gift Fair, in the interest of best serving the market, the right decision is to postpone the show until market conditions improve." Clarion reiterated its plans to expand Top Drawer are now being brought forward to next year. Upper Street Events has also blamed challenging market decisions for its decision to not go ahead with its Select Contemporary Art Fair launch. Due to run from 11 to 15 May at the Business Design Centre (BDC), the Select Contemporary Art Fair would have built on the success of Upper Street's London Art Fair next running in January at the BDC. "It was felt that challenging market conditions meant there was a risk the Fair might not meet the needs and expectations of exhibiting galleries and visitors," said event director Jonathan Burton, also director of the London Art Fair. "The decision has been taken to cancel the fair rather than present a potentially compromised event." Clarion Events postpones London Gift FairStanco/Opex and EAG rebrand to SO GroupThe organiser of the Best of Britain and Ireland (BoBI) travel and tourism exhibition has attributed the sale of the event to Expo Management to the demise of Visit London.Best of Britain Events MD Rob Mackenzie said the sale of BoBI became necessary to recoup losses following Visit London's fall into administration on 1 April. The agency suffered a £2m funding shortfall following the Government's Comprehensive Spending review and scrapping of the Local Development Agency. The Visit London agency has since been replaced with the London & Partners promotional body. "Unfortunately, our company has been caught up in the sudden announcement of Visit London's administration and the very substantial bad debt that this has infl icted on us has forced me to conclude that now is the correct moment to pass the organisation of BoBI to new owners," Mackenzie stated. "We're nevertheless delighted £2m Funding shortfall for Visit London following public sector cutsto be able to ensure that BoBI has a bright, secure future in the capable hands of Expo Management."Best of Britain events and Expo Management initially began as foes after the latter's travel Trade Britain launch. However, the decision to merge Travel Trade Britain into BoBI changed the relationship. BoBI runs at The NEC and is next scheduled in March 2012. Mackenzie's Visit London woes come just months after another of his organising companies, Marine Industry Events, cancelled the Liverpool Boat Show two months out from its launch event. Upper Street art fair cancelled The recently combined Stanco, Opex Group and Early Action Group (EAG) business has adopted a new name: SO Group. Group chief executive Steve Barratt told EN it wanted to take on new branding with "elasticity" that could encompass the existing companies along with any future acquisitions. Stanco/Opex and EAG announced a merger agreement in February as part of plans to create a unifi ed global exhibition services company. The deal incorporates Stanco, Opex Group, Exposystems, Excel Invision and EAG."We spent a lot of time and money researching this brand and into what we needed to deliver going forward," Barratt said. "It's not a reconfi guration of existing brands, but the launch of a new name for a company with a new vision, that does what customers require and addresses where the market is."The company has created a host of new sub-divisions using the 'SO' prefi x including SO Wired, SO Simple and SO Hire. It has also signed on marketing agency Hundred for a seven-month programme. Barratt said the fi rst phase of this was conducting global research on where the world exhibition market is.SO Group is also making structural adjustments including a board reshuffl e. David O'Beirne has also been brought on-board as commercial director. Best of Britain and Ireland show hit by public sector cuts