/guid/9202a8c04000641f80000000047838fc rename

The French based FotoVista group was founded as Studio National in 1970 by brothers Pierre and Jean...

The French based FotoVista group was founded as Studio National in 1970 by brothers Pierre and Jean-Claude Rosenblum. Later in its history the brothers decided to group all of their business interests under the name Les Laboratoires Parisiens or LLP (The Parisian Laboratories). In 2001 the torch was handed over to Steve and Jean-Emile Rosenblum (Jean-Claude's sons) with the help of investment funds supplied mainly by the LMBO group, a French venture capital firm. They purchased the LLP Group and became the FotoVista Group. On April 12 2006, DSG International plc gained a 75% interest by acquiring LMBO Group's controlling stake in the company and shares from the Rosenblum family and a handful of managers, for €266 million (approximately £185 million). Under the deal agreed DSGi has an option to buy out the remaining 25 per cent from the family over the following three to five years. The acquisition was subject to approval by the European Union Competition Authority. After receiving approval the company completed the acquisition of 77% of the Fotovista Group for €261 million (approximately £184 million).