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Business

M&A & Theme Parks

Emerald Expositions files an IPO to raise an estimated $250 million. The operator of NY NOW, the National Stationery Show, and Surf Expo generated $323.7 million of revenue in 2016. Emerald owns over 50 trade shows, and in the past few months has bought up CEDIA Expo, InterDrone, American Craft Retailers Expo, RFID Journal LIVE! Event, and National Pavement Expo.VF sells its Licensed Sports Group (LSG) to Fanatics. The unit has annual sales of around $500 million, and includes brands like Majestic Athletic. LSG has licensing agreements with Harley-Davidson, MLB, NBA, NFL, NHL, NASCAR, as well as many colleges and universities.

Penguin Random House buys Barcelona-based Spanish-language trade publisher Ediciones B from Grupo Zeta for an estimated 40 million euros ($42 million).

World Kitchen—whose brands include Pyrex, Corelle and CorningWare—signs a definitive agreement to be acquired by an affiliate of private investment firm Cornell Capital. There are no current plans to restructure the company.

Alibaba Pictures had a net loss of $139 million in 2016 thanks to heavy marketing costs for Tao Piao Piao, its mobile ticketing business. Overall, however, revenue soared 243% to $131.2 million, up from $38.3 million last year. Nearly 80% of all movie tickets sold in China are purchased through online platforms.

Theme Parks

FX television series, American Horror Story, returns to Universal Studios theme park’s Halloween Horror Nights with a new haunted house maze. The attraction will run for 34 nights from Sept. 15–Nov. 4.

A range of Little Tikes performance days and play zones (featuring the brand’s trucks, ride-ons and sand and water play toys) will launch in U.K. theme park chain Diggerland starting on Apr. 1.

U.K. toy retailer Hamleys partners with Merlin Entertainments to give customers free entry to any of the Alton Towers Resort, Chessington World of Adventure Resort, or LEGOLAND parks with any purchase made in-store. Those who spend over £50 ($62) will get kids a free stay at the Alton Towers Resort Hotel.

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