Daily Mail plans sale of U.S. events business

LONDON (Reuters) - Media group Daily Mail & General Trust (DMGOa.L) said on Friday it had put up for sale its U.S. retail trade show management business as it focuses instead on fewer events with stronger prospects.

The group, which publishes the Daily Mail, said it was reviewing the strategic alternatives for its U.S. retail-based events managed by George Little Management.

The Financial Times newspaper said the business could sell for around $200 million (122 million pounds).

"The strategic review of GLM follows the conclusion that there is limited opportunity to leverage the GLM assets across the wider DMGT group," the company said in a statement.

It added that it also planned to focus its events activities on fewer areas with "exceptional opportunities" such as the portfolio of Energy shows and activities in the Middle East, both of which were growing strongly."

GLM events include the flagship biennial New York International Gift Fair at the Jacob Javits centre in New York.

(Reporting by Kate Holton; Editing by Hans Peters)