Mowbray sells stamp businesses to outgoing chief executive John Mowbray

Wed, 01 Apr 2015

By Suze Metherell April 2 (BusinessDesk) - Mowbray Collectables, the unprofitable listed auction house business, has sold its stamps, coins and bank notes collectables business to outgoing chief executive John Mowbray in a bid to return to profitability. The Wellington-based company has sold its wholly-owned subsidiaries Mowbray Bethunes and Wildlife Philatelic for their undisclosed value as at March 31 which will be confirmed in the next few weeks, it said in a statement. Given the close involvement of John Mowbray with both businesses...

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