Kingfisher PLC
5 October 2000
Kingfisher plc sells Andre Deutsch
Kingfisher plc today announced that its publishing business The VCI Group has
sold its book publisher Andre Deutsch Limited to Carlton Books, a division of
Carlton Communications Plc. The purchase price, which is not material to
Kingfisher, is not disclosed.
Commenting on the sale, Richard Green, Chief Executive of the VCI Group, said:
'The sale of Andre Deutsch Limited will allow The VCI Group to focus on its
core audio (Demon Music Group), video (Video Collection International) and
distribution (Disc Distribution) divisions whilst allowing the Andre Deutsch
business to benefit from joining a books operation trading on a worldwide
basis.'
Notes to Editors
* Andre Deutsch Limited was established in 1951 and has the publishing
contracts for both Granada Media and Manchester United Football Club
* Andre Deutsch Limited was bought by The VCI Group in 1995. Its imprints
include Madcap, Andre Deutsch, Andre Deutsch Classics, Chameleon and
Manchester United Books
For further information:
Media Enquiries
Jonathan Miller, Head of Public Relations +44(0)20 7725 5713
Gail Lavielle, Director of Corporate Communications +33(1) 43 18 52 68
Broker and Institutional Enquiries
Andrew Mills, Acting Director of Investor Relations +44(0)20 7725 5776
Graham Fairbank, Head of Corporate Communications +33(1)43 18 52 26
Kingfisher plc +44(0)20 7724 7749
Kingfisher website - www.kingfisher.co.uk
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