Reed Exhibitions Expands Fashion Portfolio with 12 Capsule Events
January 5, 2014
Further adding onto its fashion portfolio, Reed Exhibitions has bought Capsule, 12 events geared toward the contemporary apparel market held in the U.S. and Europe.
Exactly one year ago, the company bought another apparel show – AGENDA – for the streetwear and action sports industries.
"We feel that Capsule is a great cultural fit with our growing fashion portfolio, and a great addition to what we're doing with the AGENDA events" said Greg Topalian, senior vice president at Reed.
He added, "The team's dedication to the feel, authenticity and respect for the market it serves has been, and will continue to be, the keys to Capsule's success."
Launched in 2007 by BPMW, Capsule has 12 shows annually held in New York, Paris, Berlin and Las Vegas that specialize in presenting a curated assortment of high-end progressive and independent designers to a worldwide community of retailers and fashion editors.
BPMW and Reed plan to collaborate on show development and work to further enhance the overall experience for the exhibitors and attendees who make up the Capsule community, according to Reed officials.
The three co-founders of Capsule, Deirdre Maloney, Edina Sultanik and Minya Quirk, will stay on and work with Topalian and his team on running the events.
"We've watched the community of Capsule brands shape the fashion landscape and we're proud to offer a boutique experience that provides the opportunity for industry relationships to flourish," Maloney said.
She added, " But, as the market has grown so have we, and the time is right for us to join forces with a world-class company like Reed that can help us do what we've always done, better. We are so impressed with Reed's global perspective and rich experience, and we're looking forward to working together on what is and will remain a very personal project for us."
The transaction was closed in December and terms of the deal were not disclosed.
Partner Voices
MGM Resorts is committed to fostering an inclusive and diverse culture, not just among employees and guests but also within its supply chain. The company prioritizes procuring goods and services from businesses owned by minorities, women, veterans, people with disabilities, LGBTQ individuals and those facing economic disadvantages. This commitment is integral to MGM Resorts' global procurement strategy.
Through its voluntary supplier diversity program, MGM Resorts actively identifies and connects certified diverse-owned suppliers to opportunities within its supply chain. The company is on track to spend at least 15% of its biddable procurement with diverse-owned businesses by 2025, demonstrating that supplier diversity is not only a social responsibility but also a strategic business imperative.
Supplier diversity isn’t just the right thing to do – it’s good for business. A diverse supply chain allows access to a broader range of perspectives and experience, helping to drive innovation, entrepreneurship and resilience, while strengthening communities. At MGM Resorts, engaging diverse suppliers ensures best-in-class experiences for guests and clients. Supplier diversity ensures a more resilient supply chain while supporting economic development in the communities in which it operates.
The impact of MGM Resorts' supplier diversity initiatives is significant. In 2023, these efforts supported over 3,500 jobs across more than 30 states, contributed over $214 million in income for diverse-owned businesses and generated more than $62 million in tax revenue. The story extends beyond the numbers – it reflects the tangible benefits brought to small and diverse-owned businesses, fostering economic empowerment in their communities.
MGM Resorts also supports the development and business skills of diverse-owned businesses through investment, mentorship and education. Through the MGM Resorts Supplier Diversity Mentorship Program, the company identifies, mentors and develops diverse-owned businesses to fill its future pipeline, while providing businesses with tools and resources to empower and uplift. Since 2017, the program has successfully graduated 105 diverse-owned businesses and is on track to achieve its goal of 150 graduates by 2025.
MGM Resorts’ commitment to supplier diversity not only enhances its business operations but also plays a crucial role in uplifting communities and fostering economic development. This approach reinforces the idea that diversity is a powerful driver of innovation and resilience, benefiting both the company and the wider community.
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