Edipresse acquires Appetite

Singapore - Swiss-listed Edipresse Group has acquired a 100% stake in Appetite Media, a local lifestyle publisher which prints Appetite, Luxury and Grandeur.

Appetite's management team including MD, Ho Sum Kwong, who is also president of the Magazine Publishers Association Singapore, and GM and publisher, Cecilia Goh will continue in their respective roles. The company has been renamed Edipresse Appetite Media.

"This investment extends our offering of luxury lifestyle media in Singapore. When combined with our other existing luxury food and restaurant publications, it will give us a market leading position in the Food and Fine Dining category. By acquiring 100% control, we are now in a position to leverage these assets to launch international editions and open new markets in the region and emerging economies," Barrie Goodridge, CEO of Edipresse Asia, said.

Terms of the transaction were not disclosed by both parties.