Shoptalk And Groceryshop Acquired By Hyve Group For $145 Million

  • December 19, 2019 at 2:34 PM EST
  • By Glenn Taylor
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Shoptalk and Groceryshop, two of the leading conferences in the retail and grocery industries, have been acquired by Hyve Group, an organizer of international exhibitions and events, for $145 million. In 2019, Shoptalk and Groceryshop collectively hosted over 11,500 attendees, including more than 1,000 CEOs, from more than 50 countries as well as more than 880+ exhibiting and sponsoring companies

Shoptalk’s 2020 event will take place March 22-25, 2020, and Groceryshop’s 2020 conference will be Sept. 14-17, both at Mandalay Bay in Las Vegas. These are the fifth annual and third annual Shoptalk and Groceryshop events, respectively.

Shoptalk 2020 will break entirely new ground for large-scale retail conferences with its commitment to feature an all-women speaker lineup in 2020 and a 50/50 male/female speaker roster every year starting in 2021.

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As part of the deal, Shoptalk and Groceryshop Co-Founders Anil D. Aggarwal and Simran Rekhi Aggarwal are now major shareholders of Hyve.

“Shoptalk and Groceryshop are the perfect fit for Hyve, consistent with our goal to acquire product-led market-leading events in large industries that have achieved significant size, secured distinct customer bases and developed compelling value propositions, and that hold tremendous opportunities for organic growth and international rollouts,” said Mark Shashoua, CEO of Hyve in a statement. “These unmissable events share a common culture with Hyve and their acquisition delivers on our vision to create the world’s leading portfolio of content-driven, must-attend events that provide outstanding experiences and return on investment for our customers.”

 

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