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The venture, to be named CPLG Pullman, will also represent certain of CPLG’s portfolio, including Line Friends, one of the fastest growing global character brands, and Archie Comics, with further representation to be announced shortly. Peter Byrne, CEO of CPLG comments: "CPLG’s move into Russia is a logical next step and helps consolidate our expansion plans across EMEA, bringing further scale to our existing operations. We are very excited to be creating this new venture with Pullman, who are a strong established player in the market, to take the business to new heights." Igor Kuleshov, owner of Pullman Licensing LLC added, “We are sure that this partnership will give us additional opportunities for the business expansion in Russia and internationally. The combination of Pullman’s local knowledge and success and CPLG’s reputation and experience in this business is a winning combination in the Russian market.” The transaction is said to be completed on or about October 30, 2018. |