Tag: acquisition

The London Stationery Show and Stationery magazine have been acquired by Ocean Media Group, a UK-based provider of exhibitions, events, awards and specialist publications.

Founded by Chris Leonard-Morgan, the London Stationery Show has trebled in size since its launch in 2010 and has been the main driver of the UK’s national Stationery Week programme.

The 2017 show is on course to continue its upward trajectory with more than 85 per cent of the 2016 stand space already booked.

David Watt, CEO at Ocean Media, says: “This is an exciting opportunity to add two more market leading brands, and a new sector, to the Ocean portfolio. The London Stationery Show has captured the imagination of both mainstream and niche retailers whilst stimulating consumer demand for quality stationery products. Ocean believes it can help foster the sector and help the London Stationery Show continue to grow to meet the demands of this vibrant industry.”

Leonard-Morgan will remain in place as an advisor on the show alongside the existing team.

The 2017 London Stationery Show will take place at the Business Design Centre from 25 to 26 April and National Stationery Week from 24 to 30 April.

Source: www.stationerynews.com.au

Staples could be on the brink of winning its case against the Federal Trade Commission — possibly clearing the way for it to acquire Office Depot, sources have told The Post.

The judge overseeing the FTC suit against the office supply chain said he will entertain a motion from Staples’ legal team to dismiss the case once the regulator concludes its arguments this week.

When a judge agrees to hear such a move — a judgment as a matter of law — he or she believes the plaintiff or prosecutor has failed to make its case, a lawyer not involved in the case told The Post on Monday.

“I’ve seen such motions, but never when the plaintiff is the government,” the lawyer said.

Judge Emmet Sullivan is not fan of the tactics of Edith Ramirez’s FTC. He ordered a transcript unsealed last week in which Amazon claimed the FTC coached it to lie.

“The judge is either playing games,” in the way he is taking the FTC to task, the lawyer said, “or the FTC is really in big trouble.”

The FTC and Department of Justice have won 9 of their last 10 merger challenges making this even more surprising, the source said.

The FTC in December voted 4-to-0 to block Staples from completing its $6.3 billion acquisition of Office Depot, arguing that the combo would leave no competition and result in higher prices.

The FTC has still not called its star witness Carl Shapiro, the former Deputy Assistant Attorney General for the Antitrust Division of the US Department of Justice.

Staples at present trading levels would be paying about $10 a share for Office Depot if the merger clears, and shares will fall to near $4.50 if the block holds.

Office Depot shares rose 7,7% Monday to $7.44.

By Josh Kosman for www.nypost.com

Italy-based stationery group FILA has said growing its sales in the UK is one of the key reasons for acquiring fine art materials vendor Daler-Rowney.

FILA has paid almost €81-million ($90-million) for Daler-Rowney, the Berkshire-based firm which can trace its roots back to 1763.

Daler-Rowney – one of the largest fine art products manufacturers in the world – has annual sales of around £60-million ($85-million), while EBITDA for the 2014 financial year was about £4,5-million. Private equity firm Electra had a 41% stake in Daler-Rowney.

FILA opened a subsidiary in the UK five years ago, but has struggled to make a major impact in the market, achieving annual sales of around €4-million but lacking a strong presence in the retail sector.

During a conference call to explain the transaction, FILA said that Daler-Rowney’s distribution into the UK retail channel – with customers such as Hobbycarft – presented a good opportunity for FILA’s products. Taking Hobbycraft as an example, FILA said there was potential to grow sales tenfold.

FILA added there was also sales synergy opportunities in the US, where FILA acquired the iconic Dixon Ticonderoga brand in 2005. These include improving margins with large customers such as Walmart.

The deal is not good news for Daler-Rowney’s distribution partners. The firm distributes its products in about 70 countries, and FILA said it would integrate sales into its own network, something which is expected to take around six months.

FILA has been increasing its presence in the art and craft sector since it set up a joint venture with fellow Italian firm Maimeri in 2014. It’s a segment that it sees as digitisation-proof and said that the Daler-Rowney acquisition was another step into its diversification into this area.

FILA operates through 11 production facilities and 19 subsidiaries around the world, has annual sales of around €230-million and employs 5 000 people.

By Andy Braithwaite for OPI.net

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