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The E-Sylum:  Volume 9, Number 43, October 22, 2006, Article 11

FRANKLIN MINT SOLD TO NEW OWNERS

According to an October 17th Associated Press report, "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."

"Founded in 1964 by Joseph Segel, who also started QVC Inc., The
Franklin Mint has a well-known brand name whose sales once nearly
reached a billion dollars.

"The new owners are hiring back key personnel and hope to eventually
reopen the museum.

They also hope to restore the Mint to the status it had enjoyed
during its heyday.

"When Franklin Mint was at its peak, it was making the market. It
was defining what the next generation of products would be," Salzman
said. "There's been a leadership void we'd like to take back."

To read the complete article, see:Full Story

  Wayne Homren, Editor

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