Global Travel News
JKN Global Group Acquires Miss Universe Organization from IMG
– Transaction will expand JKN Global Group’s (“JKN”) portfolio of broadcast and entertainment properties to become a world-leading omnichannel powerhouse.
– The acquisition will seek to build on The Miss Universe Organization’s more than 70-year legacy, including expanded investment in licensing and merchandising opportunities.
– With today’s announcement, JKN Chief Executive Officer Anne Jakapong Jakrajutatip becomes the first woman owner in The Miss Universe Organization’s history.
Led by CEO Amy Emmerich and President Paula Shugart, the Miss Universe Organization provides a global platform for more than 10,000 women annually to affect positive change through dedicated personal, professional, and philanthropic activities around the world. Today’s announcement together with recent rule changes to create greater competitor eligibility further propels the Organization’s commitment to inclusivity, with JKN Global Group’s Chief Executive Officer Anne Jakapong Jakrajutatip becoming the first woman owner of The Miss Universe Organization. The transition expands JKN’s portfolio of global broadcast and media properties across entertainment and consumer products. JKN’s acquisition will build on The Miss Universe Organization’s strong brand and vision, developing an integrated and compelling proposition with new opportunities to grow the business in key and untapped markets, including Asia.
During the announcement, JKN shared its plans for generating additional value based on the natural strength of the Miss Universe brand, including the upcoming debut of MU Lifestyle: a new licensing and merchandising arm of The Miss Universe Organization that will leverage the strength of the Miss Universe brand and JKN’s lifestyle portfolio to create a new range of merchandise, as well as entertainment and various business opportunities that reflect the strength of the brand.
Anne Jakapong Jakrajutatip, Chief Executive Officer of JKN Global Group, said: “We are incredibly honored to be acquiring The Miss Universe Organization and working with its visionary leadership team. The global reach of the Organization, its relationships with global partners and brands, and its wealth of content, licensing, and merchandising opportunities make this a strong, strategic addition to our portfolio. We seek not only to continue its legacy of providing a platform to passionate individuals from diverse backgrounds, cultures, and traditions, but also to evolve the brand for the next generation.”
Amy Emmerich, Chief Executive Officer, and Paula Shugart, President, of The Miss Universe Organization shared: “We are excited to continue the evolution of The Miss Universe Organization with JKN. Our relationships with global partners and brands have never been stronger; and our progressive approach continues to position us at the forefront of our industry. We would like to thank IMG for providing us a foundation to realize our aspirations for the brand.”