MCH Group Divests from India Art Fair, Art Düsseldorf, and Art SG to Focus on Art Basel and Masterpiece
MCH Group will withdraw its investments from India Art Fair, Art Düsseldorf, and the upcoming Art SG fair in Singapore. The company plans to concentrate on its core brands, Art Basel and Masterpiece, while expanding its presence in Asia. Art Basel currently operates in Hong Kong, Switzerland, and the United States, and launched its Cities initiative in Buenos Aires this year. Hans-Kristian Hoejsgaard, interim CEO since September 2018, stated the need to evolve live-event expertise into integrated experience-marketing across physical and digital platforms. Additionally, MCH Group has canceled expansion plans for the Grand Basel car fair in Miami Beach.
Key facts
- MCH Group is divesting from India Art Fair
- MCH Group holds a 25% stake in Art Düsseldorf
- Art SG is a new Singaporean fair scheduled for November next year
- MCH Group will focus on Art Basel and Masterpiece brands
- Art Basel operates in Hong Kong, Switzerland, and the US
- Art Basel launched its Cities initiative in Buenos Aires this year
- Hans-Kristian Hoejsgaard became interim CEO in September 2018
- Grand Basel car fair expansion in Miami Beach has been canceled
Entities
Institutions
- MCH Group
- India Art Fair
- Art Düsseldorf
- Art SG
- Art Basel
- Masterpiece
- Grand Basel
Locations
- Singapore
- Hong Kong
- Switzerland
- United States
- Buenos Aires
- Argentina
- Miami Beach
- USA