KPMG works on Van Gogh notebooks

KPMG is working on a sale of an Italian notebook company whose notebooks have been used by Vincent Van Gogh, Henri Matisse and Ernest Hemingway.

The company, Modo & Modo, makes The Moleskine, named after its oilcloth cover, 4.5 million of which were sold last year across the world.

The company itself was set up in 1998, with the original notebooks having been made by a French company that went bankrupt in 1986, The Daily Telegraph indicated. The company had a turnover of 12.7m euros (£9.1m) last year with profits of more than 2m euros.