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Just Group plc:
In administration
9 January 2002 Allan Graham and Mick McLoughlin of KPMG Corporate Recovery have today been appointed Administrators to Just Group plc. The AIM-listed children's media entertainment company based in London, employes 78 staff in the UK in three locations including London, Oldham and Bakewell, Derbyshire. Just Group plc has four key areas of activity, namely licensing and exploitation of children's character rights, publishing, toy sourcing and the distribution of children's video and audio products. The group has interests in intellectual property rights to a number of children's characters, including Butt Ugly Martians. The publishing division consists of two separate businesses. Included in this are Marshall Editions (a publisher of reference books) and a children's comic publisher. Allan Graham, Administrator and KPMG Corporate Recovery Partner commented: "The group has made substantial losses in recent periods. However,
despite this, the business is a potentially attractive proposition going
forward due to the strength of the intellectual property rights to a
number of brands it holds, which include Butt Ugly Martians, Macdonald's
Farm, Pinky & Perky and Wide Eye. |
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