Queen of England's Luxe Stationer Smythson for Sale

Smythson of Bond Street, suppliers of luxury stationery and leatherbound diaries to the Queen of England, is being put up for sale. According to the company however this is not a distress sale, rather the result of several parties having expressed interest in acquiring the business, the London Telegraph reports. Smythson was bought for £16 million in 2005 by a consortium led by Goldman Sachs banker Mike Sherwood. Sales have increased considerably since then and are expected to be around £20 million for the previous year-to-date. Nonetheless this seems like an odd time for any investor to pay a premium for a luxury goods company.
Founder Frank Smythson opened his first London shop in 1887. His trade card described his business as "First class stationery, leather goods and cabinet work." In addition to its UK shops Smythson now has stores on New York's 57th St. and Beverly Hills' famed Rodeo Drive. Smythson was granted a Royal Warrant to Her Majesty the Queen in 1964. Other warrants followed: HRH The Prince of Wales in 1980, HM The Queen Mother in 1987, and HRH The Duke of Edinburgh in 2002. Back in September we reported on Smythson's luxurious $6,500 watch cabinet.
Kara Ross: Q10 With Robert Verdi

Whitney Houston Dead: Singer Dies at 48, Body Found in Beverly Hilton Hotel
Whitney Houston Autopsy: Cause of Death Determined?
Whitney Houston, Bobbi Kristina: Late Singer's Daughter Hospitalized
Whitney Houston Dead: Stars React to Legend's Sudden Death
Grammy Red Carpet 2012 (PHOTOS)
Grammy 2012 Winners' List: Adele Sweeps Music's Biggest Night
Katy Perry Grammy Performance 2012: Did the Diva Diss Her Ex-Hubby With Revealing New Song?
5-Hour Energy: A Success Equal Parts Caffeine, Chemistry and Meditation
There's only one thing to do when the Nürburgring is covered in snow...
Tax Reform in This Election Year: It's Not Likely