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Panini For Sale, As Modelzone Goes Into Administration

Published Thu, 27 Jun 2013 09:00:28 -0500

It is one of the world's biggest publishers of comic books. And it may be up for sale.

Reportedly, the magazine Il Modo says that Aldo Hugo Sallustro and Vitorrio Merloni are preparing the sale of Panini. They have asked Normura Europe to "value the strategic options, even the complete sale" of the company, which could cost 1 million euros.

Marvel, as well as other companies like Permira, CVC, Alpha, Axa Private Equily, Kodansha and Square Enix have already been informed about the possible sale.

Panini famously licenses Marvel comic content, and some DC, for publication in a number of European and South American markets.

The toy shop Modelzone appears to have gone into administration, with this statement;

On 26 June 2013, Richard Michael Hawes, Nicholas Guy Edwards and Robert James Harding of Deloitte LLP were appointed Joint Administrators of Modelzone Holdings Limited, The Amerang Group Limited, Modelzone Limited and Amerang Limited (together the "Companies"). The affairs, business and property of the Companies are being managed by the Joint Administrators. The Joint Administrators act as agents of the Companies only and contract without personal liability. The Joint Administrators are authorised by the Institute of Chartered Accountants in England and Wales (ICAEW). All licensed Insolvency Practitioners of Deloitte LLP are licensed in the UK

Modelzone had almost fifty shops nationwide, and retail a lot of comic-related Gentle Giant, Hot Toys and Sideshow stuff for the UK, probably second only to Forbidden Planet as a mass chain retailer for that kind of product and they also sold lots of other related products too.

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