Mallett

The Fine Art Auction Group’s (TFAAG) acquisition of Mallett on behalf of the Stanley Gibbons Group has been confirmed following the acceptance of its cash offer by more than 95% of Mallett PLC’s shareholders.

Mallett’s first major outing following the announcement of the Stanley Gibbons deal will be at Brian and Anna Haughton’s 26th International Fine Art & Antiques Show in New York from October 17-23.

Stanley Gibbons are to acquire Mayfair dealers Mallett in a deal said to be worth £8.6m. The deal, just announced, caps almost a year of the stamp and coin specialists spreading their influence through the wider art and antiques world following their acquisition of Noble Investments last November.

London art and antiques dealership Mallett have announced an improved performance for the year ending December 31, 2013.

Improved trading in the USA made art and antiques retailers Mallett more profitable in the first half of 2013, despite a slight fall in overall turnover compared to the same period last year.

Mallett are about to celebrate their first Christmas in their lavish new home, Ely House in Dover Street, Mayfair, where they moved earlier this year when the rents and rates of nearby Bond Street became too much.

WITH their move to new premises, Mallett have announced a profit for the first time in four years.

MALLETT have quit their New Bond Street showroom for Ely House in Dover Street, in the heart of Mayfair.

MALLETT have assigned the lease on their Bond Street rooms to fashion house Fendi and have confirmed that they are negotiating new premises in Mayfair.

TOP-END furniture dealers Mallett made a £1.3m loss last year, a 30 per cent improvement on 2009.

Mallett have put on hold plans to leave Bond Street. In the wake of a massive rent rise last year, the London dealers announced their intended departure from the luxury goods thoroughfare, but they have been unable to pass on the lease of the building.

BOND Street dealership Mallett have replaced chief executive Lanto Synge in the wake of the company’s weakening performance and rising costs.

Top London antique furniture and works of art dealers Mallett are to leave their landmark Bond Street shop and find new premises in the Mayfair area. One of the few antiques and art dealers quoted on the London Stock Exchange, Mallett told shareholders the proposed move was a result of a massive rent hike and the changing character of the street.

Sotheby’s are to sell the stock of Bourdon House, the historic Georgian townhouse in Mayfair recently sold by London dealers Mallett.

MALLETT, one of Bond Street’s most famous names, are to expand their New York branch, with work hopefully starting in November.

London antique dealers Mallett’s of New Bond Street have been awarded €111,533 (£80,000) by the Irish High Court after suing an Irish dealer over a stolen bureau bookcase.

LONDON antique dealers Malletts are waiting to hear whether a Dublin dealer will have to pay them more than £100,000 in compensation over a stolen 18th century bureau bookcase.

WHILE in New York for the International Fine Art Fair, I dropped into Mallett’s new shop at 929 Madison Avenue. It could not have a better location and it is glamorous enough to have already made its mark in this select corner of Manhattan.

Mallett revealed a 47.6 per cent rise in turnover and a 20 per cent rise in pre-tax profits in 2002, described by chairman George Magan as “one of the most challenging years” in the history of the London dealership.

The UK trade have their man at the helm of CINOA, the international federation of antique dealers associations, for the first time in 13 years. Henry Neville, chairman of Mallett, was elected president at the annual general assembly in Dublin at the end of June.