The term was devised in this decade by a group of employees working for the collectors and investements firm Stanley Gibbons, in a successful attempt to formalise and encourage interest in the area.
In 1981 Letraset was taken over by Esselte after Esselte fought a takeover battle with Mills & Allen International for the company.
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By 1890 Stanley Gibbons wished to retire and the business was sold to Charles Phillips for £25,000.
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In 1989 Paul Fraser began to invest in the firm, and he purchased a further 30% stake in the company from New Zealand businessman Sir Ron Brierley who is a stamp collector.
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The island is owned by Jonathan Feigenbaum, who succeeded his late father Clive Feigenbaum (the former chairman of Stanley Gibbons).
In February, Stanley Gibbons' stamp company received permission to place the Trophy in their Stampex exhibition in March in condition that it would be under guard at all times.
Fraser first invested in Stanley Gibbons in 1989 when he acquired a large block of shares in the company from Clive Feigenbaum.