During the meeting of the Supervisory Board of Messe Duesseldorf GmbH dated 19.05.2017, the company Igedo, being a subsidiary of Messe Duesseldorf GmbH, received approval for The transfer on September 30, 2017 of the exhibition CPM of the company Messe Duesseldorf Moscow, which is a Russian subsidiary of Messe Duesseldorf GmbH.

For the first time CPM was held in 2003 jointly by Igedo, Messe Dusseldorf GmbH and LLC "Messe Duesseldorf Moscow". Since then, it has become the most important and largest fashion exhibition in Eastern Europe and has confirmed its leading position during the economic crisis.

At the same time, the Supervisory Board decided to sell the entire stake of Igedo, owned by Messe Dusseldorf GmbH, to the second shareholder of Philip Kronen.

Philip Kronen, Managing Partner of Igedo, confidently declares: "Today I am overwhelmed with feelings of joy and sadness at the same time! On the one hand, I am glad that the company Igedo will again become a 100% family business, on the other hand, Messe Dusseldorf GmbH has been and remains an excellent partner, about which you can only to dream. Of course, I am also pleased with the decision to jointly organize the CPM exhibition in Moscow under the leadership of colleagues LLC "Messe Duesseldorf Moscow".

Thomas Stenzel, CEO Messe Dusseldorf Moscow LLC, is pleased with the result: "Given the intensive development of the Russian market, the official decision to make the exhibition CPM a Russian event is logical and consistent. The organization of the insert will take place in close cooperation with reliable international partners, primarily with colleagues from the companies Igedo and Messe Dusseldorf GmbH, which will allow us to continue to guarantee a high level of the exhibition CPM».