DMG Refinances Market Center
Staff -- Gifts & Decorative Accessories, 8/1/2003
Los Angeles — DMG World Media completed the refinancing of the California Market Center (CMC), following its purchase of a share of the three-building complex from the Hertz Group in January 2003. DMG will now assume full responsibility for management of the 3 million-square-foot showroom facility. The Hertz family remains a major owner. Fred Barnes, DMG's gift sector executive vice president, becomes president of the CMC; Paul Lentz will continue as general manager.
