Former owners eye RoseArt buy-back

According to US sources the former owners of RoseArt are keen to buy back the firm from Mega Brands.

Author:: Ronnie Dungan
Publish date:: Mar 5, 2008

Reports say Lawrence and Jeffrey Rosen, the former owners of RoseArt Industries sent a letter to Mega Brands last month expressing an interest in buying back its RoseArt activity and stationery businesses.

The Rosens sold RoseArt to Mega Brands in 2005 for $350 million. In the year before the sale, the firm achieved sales of $285 million and an operating profit of $43 million.

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The Copyrights Group is one of the licensing arms within The Vivendi Group. Acquired by Vivendi in 2016 Copyrights manages the licensing for a portfolio of properties to include Paddington Bear. Some of the other companies within the Vivendi Group include Universal Music Group, and their licensing arm Bravado, Gameloft and Studiocanal to name a few.

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