DMGT has today (10 June) put out a statement confirming its intention to sell George Little Management (GLM), a division made up of 15 trade shows in fashion and home furnishings industries, including its flagship New York International Gift Fair.
GLM is part of DMGT's business-to-business division. DMGT initially acquired a stake in the business back in 2000. It bought the whole business in 2007 for $155m.
A sale of GLM could net DMGT $200m (£122m), according to the Financial Times.
The DMGT statement said: "The strategic review of GLM follows the conclusion that there is limited opportunity to leverage the GLM assets across the wider DMGT group, and that we should focus our events activities onto fewer areas."
The publisher of the Daily Mail said it would prefer to focus its events business on fewer areas, such as its portfolio of energy shows and operations in the Middle East.
DMGT has now sent out an information memorandum to perspective buyers.
It is thought that private equity and trade buyers would be interested in the business.
DMGT has appointed the Jordan, Edmiston group, based in New York, to advise it on the sale.
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