News blog
SpaceandPeople
- BY: Andrew Hore |
- POSTED: 28/04/2010 |
SpaceandPeople, the experiential marketing company, is paying £6.3m in cash, loan notes and shares for Retail Profile Europe.
RPE operates retail merchandising units in shopping centres. These are temporary retail stalls in shopping centres. These temporary retail stalls fit well with SpaceandPeople’s promotional stalls because they both rely on relationships with shopping centres and other retail units. RPE has operations in the UK and Russia and there will be an opportunity to expand in Germany.
RPE made profits of £500,000 on revenues of £5.1m in 2009.
At 70p a share, up 3p on the day, SpaceandPeople is valued at £8.16m.
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