A French design fair that organized two international trade shows in Miami Beach has told the city it won’t be back in 2017 or 2018.
The Miami Beach Convention Center hosted two Maison & Object Americas exhibitions in 2015 and 2016, spin-offs of a renowned annual fair in Paris that specializes in furniture and interior design. Landing the fair was heralded as a major accomplishment for the convention center and a sign of South Florida’s growing role in the global luxury market.
In a memo, city manager Jimmy Morales said organizers told him “international market conditions have compelled this difficult decision.”
The Maison & Objet events were geared towards retailers, designers and architects, not consumers. They featured a showcase of luxury goods destined for high-end designer stores and boutiques. About 11,000 buyers attended the last Miami Beach event, held in May. Other activities took place in Miami’s growing Design District.
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A statement posted on the website of the Paris-based company last week said it is also suspending its Asian exhibition, which took place in Singapore.
“After 3 editions of M&O Asia (2014, 2015 and 2016) and 2 editions of M&O Americas (2015 and 2016), it has been proven challenging, especially in difficult market conditions, to bring an all-embracing offer of brands to fully meet the expectations of buyers, interior designers and key influencers, in particular those who are used to visiting the Paris editions of Maison & Objet,” the statement said.
The city memo said the fair could potentially come back to Miami Beach in 2019.
Brexit, a Latin American recession and uncertainty over the U.S. presidential election have all contributed to a global economic slowdown in 2016.
Miami Herald staff writer Joey Flechas contributed to this report