"The home of stamp collecting since 1856" is up for sale. Stanley Gibbons, the world's oldest stamp business is looking for buyers for the entire company or just parts of the business. Some of its subsidiaries companies are Murray Payne Ltd, Noble Investiments Ltd, AH Baldwin & Sons Ltd, Bid for Wine Ltd, among others.
(Source: Google Earth)
According to Stantley Gibbons spokesperson, the Middle East and Asia are the markets where the company could grow but, for that expansion to happen, investiment is required.
After the unsuccessful launch of their online marketplace and some hasty acquisitions in the collectables and antiquities market, the sale and expansion to the Middle East and Asia could be an opportunity for the company.
Last April, the company sold a set of four rare stamps featuring the portrait of Mahatma Gandhi for a record value of 500,000 pounds but, in recent years, to cope with bad financial results, Stanley Gibbons has been cutting jobs and overhaulted its management team.
After a private equity firm denied it was making a takeover offer, shares in the company plummeted more than 15 pc.