M Squared Media Ltd is part of the group of companies that own Professional Beauty, which over the past 27 years has become one of the Europe’s leading publishers and exhibition organisers serving the health and beauty profession.
Commenting on the acquisition, M Squared Media and Professional Beauty managing director Mark Moloney said: “It’s a genuine coup for the Hairdressers Journal International portfolio to be joining us; to have the hair and beauty industry’s leading magazine and expo brands under one roof will enable us to better assist both professions in their development. Since its inception, Professional Beauty has focused on the needs of the professional treatments industry particularly encouraging greater business professionalism among salon owners. This philosophy combined with additional investment will allow the hair industry’s heritage brands to reach their true potential, both in the UK and overseas.”
RBI Managing Director, David Wilson, said: “The sale of the Hairdressers Journal International portfolio reflects RBI’s ongoing strategic priority of focussing on paid content and data solutions.
“They are an incredibly talented team who have successfully innovated and expanded their portfolio. In M Squared Media Ltd we are delighted to have found the best owners to ensure the continuity and development of the business.”
The deal is due to complete in October subject to appropriate employee consultation.