LONDON — It hasn’t been the best of times for trade show organizers Emap Fashion. They announced the closing of their young streetwear event 40 Degrees, shortly after their last show in August 2002. Launched in 1996, 40 Degrees had always been a strong contender on the U.K. trade show scene but after 13 shows, the organizers decided the show had run its course.

"We created a new genre for fashion trade events worldwide and the show has proved to be a successful platform for many brands," said Steve Newbold, managing director of Emap Fashion. "This is a market that we know incredibly well and we instinctively feel that now is the right time to move on."

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