News blog
Portmeirion Group
- BY: Andrew Hore |
- POSTED: 24/04/2009 |
Portmeirion Group is buying famous old ceramics brands Royal Worcester and Spode.
The Stoke-on-Trent-based tableware and giftware producer is paying £3.2m for the intellectual property and stock of the brands from the administrator of their former owner.
Royal Worcester and Spode should generate £7m in the remaining eight months of 2008 and £12m in a full year. Portmeirion hopes to reinvigorate the brands and build on those revenues.
At 192.5p a share, up 22.5p on the day, Portmeirion is valued at £19.1m.
© 2024 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
- Browse by issue
- All issues
- Popular tags
- All tags
- AIM Micro feeds
Keep up to date with articles published at AIMMicro.com. Subscribe to AIM Micro RSS Feeds
|