Stanley Gibbons in shop window after Disruptive backs out
June 13, 2017
Luxury Goods | Jersey, UK | Corporate Divestiture
Collectibles merchant Stanley Gibbons (LON: SGI) has put itself up for sale. The company disclosed an approach from Disruptive Capital last week; however, the PE firm has since confirmed it will not make an offer. The seller of stamps, antiques and watches has undergone a restructuring effort over the past year, replacing its board and executive leadership, reducing operating costs by more than £10 million as well as selling £6.3 million of assets. Stanley's shares finished Monday down 13.9%.