Renowned Yardley of London Factory to Shutter its Doors

/ Rabin Brothers Worldwide Announced Today LONDON (ots-PRNewswire) - The entire contents of the Yardley of London factory will hit the auction block on April 21st and 22nd, 1999 in Basildon, England. The factory has been closed following the company entering into receivership last year after a period of declining sales and market share. Founded in 1770 in London, Yardley is a fixture in English culture, used by the Queen and Queen Mother themselves. Yardley produced such famous brands as English Lavender and other fragrances such as Tweeds, Panache and Bond Street. Although the factory itself will close, the brands will continue under new ownership. The auction will be a major sale of over 2,000 lots. Worldwide attendance is expected and will take place via catalog and video at the 16-acre factory site. Rabin Brothers Worldwide has conducted numerous auctions for the chemical, pharmaceutical and cosmetics industries and expects this sale to be one of the largest in the UK. Rabin Brothers UK Representative Jason Hart says there will "something for everyone" at this large auction. Major highlights include complete production lines for lipstick and mascara production; powder mixing, pulverizing, pressing and talc filling; and a large cream mixing department. Also available is a huge quantity of pallet racking together with forklift trucks, storage tanks and mobile tanks, packaging equipment and plant utilities. Hundreds of computers and a large amount of office equipment should be of interest to the local market. Details of the sale may be viewed by visiting Rabin Brothers' website at http://www.rabin.com. Equipment inspection, catalogues and free color brochures are also available by calling tel (0)181-541-5660 in the UK or 415-522-5700 in the United States. ots Original Text Service: Rabin Brothers Internet: http://www.newsaktuell.de Contact: UK: Jason Hart, (0)181-541- 5660, US: Christine Larson, 415-522-5700, both for Rabin Brothers Web site: http://www.rabin.com

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