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Mon October 21, 2013
Madame Tussauds Owner Plans Stock Sale
Originally published on Mon October 21, 2013 12:41 pm
STEVE INSKEEP, HOST:
And today's last word in business is hot wax.
Gold prices have cooled down a bit from their record highs, but you can now invest in a new up-and-coming commodity: wax.
RENEE MONTAGNE, HOST:
Merlin Entertainments, which owns Madame Tussauds wax museums, says today it plans an initial public offering. Merlin's 14 wax museums and a half dozen Legolands are the prime properties. The privately owned firm hopes that stock sales will help pay down its debt.
INSKEEP: Which means that later this year you too can own a share of Marilyn Monroe, Bruce Willis, Anderson Cooper and the Dalai Lama - or at least their wax reproductions. Why is there no reproduction of Renee Montagne?
INSKEEP: What is the matter with these people?
MONTAGNE: Oh, Steve Inskeep, I was just wondering.
INSKEEP: Ha. That's the business news on MORNING EDITION from NPR News. I'm the real Steve Inskeep.
MONTAGNE: And I'm the real Renee Montagne. Transcript provided by NPR, Copyright NPR.