Comexposium and Vinexpo Holding have entered into exclusive negotiations to create a new joint venture entity. This new joint venture responds to the constantly changing and developing global wine and spirits industry and would create the foremost global organizer dedicated to the industry.
- The new entity will be the world’s leading organizer of events dedicated to wines and spirits, with annual figures of over 78,000 visitors from 140 countries and 5,900 exhibitors.
- With equal stakes, the new entity will benefit from the international reach and expertise of Comexposium, the world’s 3rd largest events organizer, and Vinexpo, an internationally reputed brand, specialized in organizing professional events in the wine and spirits sector.
- The new entity will boast a portfolio of 10 iconic events: Wine Paris (Vinisud/Vinovision Paris), World Wine Meetings and World Bulk Wine Exhibition (Amsterdam and Asia) from Comexposium, Vinexpo (Bordeaux, Paris, Hong Kong, Shanghai and New York) as well as the Vinexpo Explorer events from Vinexpo Holding.
- Further, the new business will look to create new events and developments to support the international growth of the wine and spirits industry.
- The project is supported by all the strategic advisors including the Boards of Vinisud and VinoVision Paris and the Vinexpo Strategic Committee.
Pierre Clément, Chairman of AVS and of the VinoVision Paris Board of Directors states:
“Bringing these two entities closer together is a totally novel approach for our industry! We started our partnership in 2019 and now, we want to make it stronger and more established with a shared commitment to join forces bringing our knowledge and expertise together.”
Fabrice Rieu, Chairman of the Vinisud Board of Directors, added: “This joint initiative is a historical moment for our brand and all its stakeholders, allowing France, with its richness and expertise, to regain its place on the centre of the world stage as a reference and leader in professional events dedicated to wines and spirits”.
“In a global economic environment, this commitment to working together is a significant step to serve the development of businesses in the wine and spirits sector. Thanks to this alliance, the Bordeaux-Gironde Chamber of Commerce and Industry intends to create a powerful flagship brand which will proudly defend French colours abroad”, said CCIBG President Patrick Seguin.
“The alliance we are building marks a significant turning point for the world of wines and spirits. It will allow us to extend our influence, develop a portfolio of must-attend events and meet the expectations of markets throughout the world”, confirmed Vinexpo Board Chairman Christophe Navarre.