Clintons signs up advisers as greeting card stalwart eyes potential sale September 13, 2019 The owners of greeting card chain Clintons have called in advisers as they weigh up a potential sale of the business. The Weiss family, which previously controlled US firm American Greetings, has appointed professional services giant KPMG to oversee a review of strategic options. Read more: Card Factory delivers sales rise despite challenging consumer market [...]
WH Smith boosted by ‘strong’ performance of travel stores August 28, 2019 WH Smith said today it is on track to meet full-year expectations, helped by a strong performance in its travel stores. Read more: Shoppers rank their least favourite UK high street stores The stationer and convenience store retailer said in a trading update that its travel business – stores at stations, airports, hospitals, and service [...]
Ex-WH Smith boss Kate Swann appointed as Moonpig chair August 27, 2019 Former WH Smith boss Kate Swann, who transformed the stationary retailer during her ten-year stint as chief executive, is preparing to join greeting cards firm Moonpig. Swann, who stepped down as chief executive of catering firm SSP in May this year, has been appointed as chairman of the online company, which is owned by buyout [...]
Eve Sleep shares plummet after investors buy in for a discount in £15m fundraising round December 6, 2018 Mattress retailer Eve Sleep’s shares dropped by as much as 16 per cent this morning after it announced investors were buying shares at a discounted price during a £15m fundraising round. The e-commerce specialist said investors had committed to just under £10m of funding, with fund manager Neil Woodford promising £8m, the company’s chairman Paul Pindar adding £1m, [...]
Eve Sleep shares skyrocket on fresh fundraising plans November 15, 2018 Shares in mattress maker Eve Sleep have soared almost 24 per cent this morning, after the company provided an update on its business strategy under its new chief executive. Eve Sleep said it will raise approximately £15m of new equity "to fund the company's refocused strategy through to profitability", which will launch prior to the end of [...]
Profit on the cards: Card Factory sees profits rise despite fall in like-for-like sales September 25, 2018 Card Factory hailed a double digit rise in profit today as it was boosted by record sales for Valentine’s Day, Mother’s Day and Father’s Day. Read more: Heatwave hit retail footfall figures in August The figures The high street retailer saw pre-tax profit grow 17.2 per cent year on year to £27.2m for the [...]
City Moves for 4 September 2018 – who’s switching jobs at Hyperoptic, Brown Rudnick and Eve Sleep? September 3, 2018 Today's City Moves cover telecoms, legal eagles and mattress retail. Take a look at these movers and shakers: Hyperoptic Boris Dragovic has been appointed as chief strategy and transformation officer at Hyperoptic, the UK’s largest gigabit broadband provider. Boris will be responsible for ensuring that Hyperoptic has a winning strategy to bring cutting-edge broadband services [...]
IG Design Group wraps up acquisition of US gift and decor business for £57m August 28, 2018 A British gift and wrapping companies has acquired a US firm in a move which will bolster its presence stateside. IG Design Group has agreed to buy Impact Innovations for £56.5m, creating what it says will be the world's largest consumer gift packaging business. To fund the acquisition, the London-listed Design Group has announced a [...]
People-based marketing can unlock a lifetime of value August 22, 2018 In the months ahead, as we continue to bridge the divide between pre- and post-GDPR communications, the marketing and advertising industry will undergo the biggest mentality shift since the invention of the internet. As regulation forces the issue of privacy and consumer control over data, it will become imperative that those in the media find [...]
Moonpig owner Photobox Group acquires Dutch market leader Greetz August 22, 2018 Owner of greetings card firm Moonpig, Photobox, today announced it had bought rival Dutch firm Greetz. The acquisition positions Photobox as the market leader in greetings cards and personal gifting. Dutch market leader Greetz sold around 7.5m cards last year, and also provides services sending flowers, chocolates and beverages to customers. It widens Photobox's brands, which also [...]