Filofax buyout deal

FILOFAX, staple of the 1980’s City office, has been bought out by its chief executive in a deal backed by a Canadian stationery magnate. Chief executive Gordon Presly, who heads the Letts Filofax Group, has agreed to buy the company in a joint venture backed by Harolde Savoy, the man behind the Blueline/Rediform stationery firm.