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Felix Dennis behind B&T buyout

01.07.08

Poet and entrepreneur Felix Dennis has been revealed as one of the investors behind the unexpected management rescue bid of printer Butler and Tanner, according to a piece on BBC Points West.

Property management company Edward Symmons last week completed the sale of the firm's assets to individual buyers but a last-ditch m.b.o. bid from former employees now appears to have saved the firm.

According to the BBC, the managers are still in talks, and there has been no official statement: but a deal has been done with the owner of the site and unions say they are 80% confident of the deal being done.


BBC

Felix Dennis Butler and Tanner

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By Clive Keeble

When a successful and highly respected entrepeneur such as Felix Dennis sees the long-term value and potential in Butler and Tanner it should be a wake up call for the booktrade : the UK print industry is having a rough time, but it is far from willing to lay down and die.

01 Jul 08 08:18

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By Peter Maunder

Clive, get in touch, have observed your comments for some time. Thanks for your support.

01 Jul 08 21:23

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By Clive Keeble

Now then, guys and gals, BBC gives the good news that B&T are to re-open. http://news.bbc.co.uk/1/hi/england/somerset/7481614.stm Fantastic news, well done to the MBO team who have worked so hard to ensure the re-start.

02 Jul 08 07:07

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