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ETN (Equestrian Trade News) – December 2020
Publisher acquired by managers
Equestrian publisher DJ Murphy has been acquired by Zoe Cannon, who becomes managing director, and commercial director Abi Cannon.
The sisters have worked for DJ Murphy, which produces Horse&Rider and PONY magazines, for nearly 20 years. The management buyout was finalised on 21 October.
“Thoughtful succession planning in any family business is key to ensuring sustained growth and the ability for the company to adapt to changing circumstances,” said former managing director Kate Austin whose grandfather David Murphy founded the publishing house in 1949.
His daughter, the late Marion O’Sullivan, ran the business for nearly 70 years.
“She would be thrilled that Zoe and Abi, both of whom are deeply passionate about the company, are running ‘the show’, and that our talented and dedicated team are assured of continuity and growth in these ever-changing times,” added Kate.
Following the buyout, DJ Murphy has moved into new, larger offices (pictured) in Farnham, Surrey.