According to News Online, dmg world media sold the California Gift Show to Merchandise Mart Properties, Inc. The remaining dmg gifts shows on the West Coast and in Canada are now up for sale. This is part of an ongoing overhaul of the company that began in 2007. Mike Cooke, CEO of dmg, says that they are refocusing their business on fast-growing trade markets.

With the sale of the California Gift Show, dmg has shows left in Seattle, San Francisco and in Canada. These will be sold in two separate packages. They have already received inquiries from prospective buyers.

The company also announced the retirement of COO Michael Franks after 12 years. He will remain with the company on a part-time basis.

Merchandise Mart Properties, Inc. plans to bring the California Gift Show to Los Angeles under their management. The show will run July 14-20 at the Los Angeles Convention Center and the L.A. Mart. MMPI believes that Los Angeles is a valuable market for the gift industry.