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Article: Pet Plan founder negotiates sale to Swiss insurer
- Article from:
- The Independent (London, England)
- Article date:
- March 27, 1996
- Author:
CopyrightCopyright 1996 The Independent - London. Provided by ProQuest LLC. (Hide copyright information)
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Patsy Bloom, millionaire founder of the Pet Plan animal
insurance company, is negotiating to sell the business to
Churchill, part of the Swiss insurer Winterthur.
It was unclear whether the former UK businesswoman of the year,
who started the firm with just pounds 500, wanted to sell all or
part of the company.
But her colleague and co-founder, chairman David Simpson,
yesterday confirmed that talks were at an advanced stage. "We think
a deal would benefit the company, but we are not saying any more at
this point," he said.
Ms Bloom and Mr Simpson put pounds 250 each into the project in
1977, and have grown Pet Plan into an international company with a
turnover of more than pounds 32m and 200 ...