Informa Adds Art Monte-Carlo to Luxury Portfolio
Why we think this is neutral
This RNS announcement is a general update on Informa's expansion of its Luxury and Lifestyle portfolio, with the addition of Art Monte-Carlo. While this represents further diversification and growth for the company, the announcement does not contain any specific financial or trading updates that would warrant a stronger sentiment score.
Key Points
- Informa Prestige adds Art Monte-Carlo to its portfolio of luxury brands
- Art Monte-Carlo will benefit from Informa's international scale and strength in adjacent luxury markets
- The current Art Monte-Carlo team will continue to lead the event's growth and expansion
Summary
Informa (LSE: INF.L) has announced the addition of Art Monte-Carlo, the premier contemporary art event on the Cote d'Azur, to its Luxury and Lifestyle portfolio, Informa Prestige. This marks a further extension of Informa's long-term partnership with Monaco, which now comprises more than 15 Luxury brands across Europe and the US, including the Monaco Yacht Show, Top Marques Monaco and luxury lifestyle publisher BOAT International.