Happy news in my work e-mail this morning: Reed Elsevier to exit the defence exhibitions sector
Reed Elsevier announced today that it is to exit the defence exhibitions sector. This portfolio of five shows is part of Reed Elsevier’s global Business division and represents around 0.5% of group annual turnover.
Sir Crispin Davis, Chief Executive Officer of Reed Elsevier, said :
“Our defence shows are quality businesses which have performed well in recent years. Nonetheless, it has become increasingly clear that growing numbers of important customers and authors have very real concerns about our involvement in the defence exhibitions business.
I wasn’t always comfortable with that aspect of my employer’s business. Soon, it won’t be an issue.