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Dmg sells California Gift Show to Merchandise Mart

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New York—Dmg world media, a division of Daily Mail & General Trust, announced Monday that it has sold the California Gift Show to Merchandise Mart Properties. Financial terms of the deal were not disclosed.

dmg also announced plans to sell its remaining gift shows in San Francisco, Seattle and Canada.

The Jordan, Edmiston Group represented dmg in the sale of CGS and will also represent the company in its further divestitures.

“In 2007, we set out to reshape the business to focus more on fast growing trade markets and less on consumer-based products. We have been successful thus far in finding buyers who see value in these products, which are no longer a strategic fit for dmg world media but still have great potential in their regional or niche markets,” Mike Cooke, CEO of dmg, said in a statement.

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