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.

Yafei, chairman of Nanjing-based firm Sanpower is in talks to buy the famous shop from its French owner, Groupe Ludendo.

Former Tottenham Hotspur vice-chairman David Bulcher is the latest favourite to buy Woolworths say reports.

WowWee owner the Optimal Group has acquired continental distributor Sablon Distribution.

With most members having already defected to Toymaster, the prospect of a Magson-owned buying group now looks less likely.

After an on-off courtship stretching back to last year, Flair Leisure has finally been bought by Giochi Preziosi.

Darren Epstein's new Factory Entertainment has bought the Master Replicas IP and brand.

Mega Brands is bringing over one of its leading Battle Strikers players from Canada to support its promotional tour.

Jakks may also be interested in acquiring the stationery and activities business, according to reports.

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