Card Factory: Difference between revisions
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The chain has come in for some criticism from former employees on [[Facebook]]<ref>http://www.facebook.com/group.php?v=wall&ref=search&gid=33242366686</ref>. |
The chain has come in for some criticism from former employees on [[Facebook]]<ref>http://www.facebook.com/group.php?v=wall&ref=search&gid=33242366686</ref>. |
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On 8th April 2010, the sale of Card Factory to London based equity firm [[ |
On 8th April 2010, the sale of Card Factory to London based equity firm [[Charterhouse|Charterhouse Capital Partners]] was completed for £350m.<ref> |
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{{cite news |
{{cite news |
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| title = Card Factory's £350m Private Equite Sale Completed |
| title = Card Factory's £350m Private Equite Sale Completed |
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Revision as of 18:19, 10 April 2010
Card Factory is a chain of greeting card and gift stores in United Kingdom founded and by Dean Hoyle and his wife Janet; the first store opened in 1997. The company currently employs over 5000 people, mostly in front line positions in its stores. Of these stores, twenty are from the acquisition of Celebration Cards in January 2006. Their advertising claims they have not increased prices for nine years. Sales have risen 91% from 2002, £6.6m, to £45.7m in 2005.[1]
Card Factory has donated one million pounds to Macmillan Cancer Support, the company's chosen charity.[2] In light of this they are currently running a major advertising scheme in stores, including voice overs by Coleen Nolan.[citation needed]
On November 28th 2008 it was announced that Card Factory had purchased about 80 of the 288 stores from failed greetings card company Celebrations Group which trades as Card Warehouse and Cardfair as part of a rescue package securing around 500 of the 1800 jobs currently at Celebrations. [3] The chain has come in for some criticism from former employees on Facebook[4]. On 8th April 2010, the sale of Card Factory to London based equity firm Charterhouse Capital Partners was completed for £350m.[5]
References
- ^ [1]
- ^ [2]
- ^ "BREAKING: Wakefield card firm Card Factory's rescue package saves 500 jobs". Yorkshire Evening Post. 2008-11-28. Retrieved 2008-11-28.
- ^ http://www.facebook.com/group.php?v=wall&ref=search&gid=33242366686
- ^ "Card Factory's £350m Private Equite Sale Completed". Yorkshire Evening Post. 2010-04-08. Retrieved 2010-04-10.