FEST Team-Charmenko deal called off

Bulgaria's FEST Team says it has "decided not to proceed" with its acquisition of Nick Hobbs' Charmenko, ending a long-running saga

News By James Hanley | 21 August 2025

L-R: FEST Team's Stefan Elenkov & Charmenko's Nick Hobbs

Bulgaria’s FEST Team’s protracted acquisition of Istanbul-headquartered Charmenko has been called off, the companies have confirmed to IQ.

Sofia-based full-service promoter FEST Team has promoted concerts by the likes of Arctic Monkeys, Ed Sheeran, Guns N’ Roses, Rod Stewart and Robbie Williams, and organises Bulgaria’s biggest rock and metal festival Hills of Rock.

In February this year, it said it had finalised the purchase of Eastern European promoter, talent buyer and artist agency Charmenko, with plans to “establish…

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