Mood Media CEO and Chairman Lorne Abony to Present Keynote at China Luxury Summit
By Mood Media Corporation, PRNETuesday, June 21, 2011
SHANGHAI, June 22, 2011 -
Abony will Address
the Most Significant Gathering of Industry
Leaders Focused on the World’s Most Dynamic Luxury
Market.
Mood Media Corporation (TSX:MM) (LSE:MM) a leading global
provider of in-store media, digital signage and scent solutions,
today announced that CEO and Chairman Lorne Abony will deliver a
keynote presentation at the China Luxury Summit 2011 (23-24 June,
Shanghai). The two-day event is the most significant gathering of
industry leaders focused on the growing luxury market in China.
More than 500 luxury professionals are expected to take part in the
summit, which will feature presentations from leaders in the retail
field alongside forums, exhibitions and an awards ceremony.
Participating brands include such global leaders as Dunhill,
Ferrari, Porsche, Ferragamo, Gucci, Versace and Swarovski.
China has become an important high-end retail market, reaching
USD $10 billion in total retail sales in 2010. Estimates suggest
China will be the largest luxury retail market in the world within
the next five to ten years. Over the past-five years the world’s
leading luxury brands have grown their presence in China and
domestic Chinese luxury brands are also emerging. These brands are
increasingly turning to in-store media and retail experience design
as they build their brands in China.
Mr. Abony’s keynote presentation comes as Mood Media is rapidly
expanding its own presence in China. The compay is committed to
operating directly in the China and taking a leadership role in the
domestic industry.
Mood Media already provides in-store media to a number of global
brands in China, including Gucci, Coach, Ralph Lauren and DKNY. On
June 15 Mood Media announced it will provide in-store music to
luxury retailer Gucci in Europe, the Middle East, Asia and
Australia. Mood Media will provide rights-clearance, music players
and manage the delivery of music to all retail stores, including
Gucci’s growing retail footprint in China. The music will be the
same in each location, ensuring a consistent brand experience
across the globe.
“No one is better than Mood Media at extending a retail brand
with in-store media, which is why the world’s leading fashion
brands choose to work with us.” said Mr. Abony. “Our partnership
with Gucci is another example of our tremendous momentum in
China.”
On June 6 Mood Media announced a strategic partnership with the
China Audio-Visual Association (CAVA) as part of its ongoing
strategy to expand in the Chinese market. CAVA is the largest
industry association of digital media publishers and distributors
in China, and the only national audio-visual industry trade
association recognized by the General Administration of Press and
Publications (GAPP) of the People’s Republic of China. The
partnership opens significant new distribution opportunities to
Mood Media and provides access to over 500 leaders in the
distribution of audio and visual content in China.
“The continued growth of China’s retail sector along with strong
measures now being undertaken by the Chinese government to
encourage legal, world-class content and services represent a major
opportunity for Mood Media to further deploy its in-store media
solutions in one of the world’s fastest growing economies” said Mr.
Abony.
Mr. Abony is a successful entrepreneur with a strong track
record in creating shareholder value in ventures ranging from
online pet supplies to encryption software, and has raised more
than $1 billion in capital over the past 10 years. Under his
leadership Mood Media has grown organically and through
acquisition, including the purchase this year of U.S. in-store
leader Muzak. Earlier this year, Mood Media was named Canada’s
Fastest-Growing Company by PROFIT Magazine. Mr. Abony is also on
the advisory board of Der Grüne Punkt - Duales System Deutschland
GmbH (DSD) a leading provider in the growing market of closed-loop
recycled consumer and commercial packaging.
About Mood Media Corporation
Mood Media Corporation (TSX:MM/ LSE AIM:MM), named Canada’s
fastest growing company by PROFIT Magazine is a leading in-store
media specialist that uses a mix of music, visual and scent media
to help its clients communicate with consumers with a view to
driving incremental sales at the point-of-purchase.
Operating through its two principal divisions; In-Store Media
and Retail Point-of-Purchase, Mood Media Corporation works with
over 470,000 commercial locations in over 40 countries throughout
North America, Europe, Asia and Australia.
Through its subsidiaries Mood Media, Muzak, Touch and Mood
Entertainment, Mood Media Corporation’s products and services reach
150 million people every day.
Mood Media Corporation operates an international in-store media
and music retail business with an extensive geographic footprint
and a broad client base including more than 850 U.S. and
international brands in diverse market sectors that include:
retail, from fashion to financial services; hospitality, from
hotels to health spas; and food retail, including restaurants,
bars, quick-serve and fast casual dining.
For further information:
For more information on Mood Media Corporation visit
contact:
Alex He
Fleishman-Hillard Inc. (Shanghai)
+86 1391 8899089 /
Jeremy Jacobs
Fleishman Hillard Inc. (New York)
+1-212-453-2498 /
Alan O’Sullivan
Fleishman-Hillard (London)
+44-20-7395-7017 /
.
Tags: China, June 22, Mood Media Corporation, Shanghai
