Tuesday, October 17, 2006
Franklin Mint acquired from LA firm by private investors
DEBORAH YAO
Associated Press
PHILADELPHIA - The Franklin Mint, once the world's largest collectibles maker but now engaged in a battle against changing consumer tastes, was sold to a group of private investors.
A group led by executives from Hicksville, N.Y.-based The Morgan Mint bought The Franklin Mint from Roll International Corp., a privately held firm based in Los Angeles. The new ownership group includes Hollywood producer David Salzman, who describes himself as "at times, an out-of-control collector of stuff."
M. Moshe Malamud, chairman of The Morgan Mint, and Steven Sisskind, the coin and stamp marketing company's chief executive, will hold the same positions at the Franklin Mint, which will be moved out of its current headquarters west of Philadelphia.
"The Franklin Mint is the crown jewel of our industry," Malamud said Monday. "It's a great opportunity to take this brand from its current status and build it up to the great name that it once was and even beyond that." more
Associated Press
PHILADELPHIA - The Franklin Mint, once the world's largest collectibles maker but now engaged in a battle against changing consumer tastes, was sold to a group of private investors.
A group led by executives from Hicksville, N.Y.-based The Morgan Mint bought The Franklin Mint from Roll International Corp., a privately held firm based in Los Angeles. The new ownership group includes Hollywood producer David Salzman, who describes himself as "at times, an out-of-control collector of stuff."
M. Moshe Malamud, chairman of The Morgan Mint, and Steven Sisskind, the coin and stamp marketing company's chief executive, will hold the same positions at the Franklin Mint, which will be moved out of its current headquarters west of Philadelphia.
"The Franklin Mint is the crown jewel of our industry," Malamud said Monday. "It's a great opportunity to take this brand from its current status and build it up to the great name that it once was and even beyond that." more
# posted by RW : 8:23 PM
