Pandemic spurs twist in restaurant group's 2018 show deal
- June 11, 2021 |
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WILLIAM EHART
National Restaurant Association has taken a majority stake in the company that purchased the association's show three years agoBené It was a novel business arrangement in 2018, and it has taken a singular turn.The National Restaurant Association, which sold its huge trade show to media, events and industry data company Winsight Holdings three years ago, now has taken a majority interest in the company.Cancellation of the show for two straight years has left Winsight struggling financially. As part of the original deal, NRA had received a nonvoting minority stake in Winsight."We believed the 2018 transaction presented a terrific opportunity for the association, while… Read More
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