Mowbray to sell its stamp and coins businesses

Fri, 12 Dec 2014

By Suze Metherell Dec. 12 (BusinessDesk) - Mowbray Collectables, the unprofitable listed auction house business, has put its stamp, coin and bank note trading businesses up for sale in a bid to enhance shareholder value and reposition the company. The Wellington-based company will sell its wholly-owned subsidiaries Mowbray Bethunes and Wildlife Philatelic, it said in a statement. Given the close involvement of chief executive John Mowbray with both businesses it has set up a sub-committee of its independent directors, to be chaired by Chr...

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