Emap renamed Top Right Group as company splits into three.
Emap, the publisher of Retail Jeweller magazine and the organiser of The Jewellery Show and The Jewellery Show London, has been renamed Top Right Group and is repositioning its three internal divisions as separate companies under i2i, 4C and Emap.
Top Right Group, which is owned by private equity firm Apax and Guardian Media Group, has split its analysis, publishing and events divisions into three separate businesses, so turning its back on its previous strategy to integrate the divisions. It has been speculated that the decision behind the split is to make each division easier to sell but this has not been confirmed by Top Right Group and reports claim that staff have been made to sign non-disclosure agreements that prevent them from discussing internal plans.
The three new companies will now be known as 4C, i2i and Emap. Forsee is the analysis division that includes trend forecaster WGSN and i2i is the events business that includes The Jewellery Show and The Jewellery Show London, while its publishing company, produces titles including Retail Jeweller, Retail Week and Drapers, will continue to go under the name Emap. Later in the year the three businesses plan to move out of their shared London office and into separate offices within the city.
Top Right Group chief executive Duncan Painter said: “As CEO my priority is to create a structure and culture that encourages growth. We’re devolving responsibility from the centre and will give our new operating companies the freedom to be more independent, agile and single-minded in pursuit of their objectives. They will develop their own distinct strategies, focused on customer need and our strongest brands, with the aim of delivering better services and sustainable top-line growth. From a small centre, the group function will play a background role as a catalyst for change and expansion, particularly internationally.”
i2i, which accounts for 40% of Top Right Group’s total turnover and will operate The Jewellery Show in London and Birmingham, has described the separation as a positive move that will allow it to “establish its own culture, location and independent business plans”. The business will be headed up by chief executive Mark Shashoua who has said that his immediate focus is to build an international sales team and seek expansion in fast-growing overseas markets such as China and Latin America.
Shashoua added: “This is a great opportunity to grow our brands globally and it has given us the freedom to make our own investment choices. We will be investing in great content at all our events and will give further focus to delivering operational excellence for visitors and exhibitors.”