Card Factory
This coverage examines Card Factory’s strategy, operations, and performance in the UK greeting cards and value retail sector. Reporting highlights financial results, store openings, product strategy, leadership changes, and market positioning. Aimed at retail executives, buyers, and managers tracking trends in affordable gifting, consumer demand, and competitive dynamics within value-led retail.
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Apr- 2023 -26 AprilNews
Card Factory acquires SA Greetings for £2.5m
Card Factory, the UK’s specialist retailer of greeting cards, has announced it has acquired the entire share capital of SA Greetings Corporation and its subsidiaries, SA Greetings, for £2.5m. With its head office located in Johannesburg, SA Greetings is the leading wholesaler of greeting cards and gift packaging in South…
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Jan- 2023 -13 JanuaryPeople Moves
Card Factory appoints new CFO
Card Factory has announced the appointment of Matthias Seeger as its new chief financial officer. He is expected to take up his new role in May 2023. Seeger has been CFO of Ambassador Cruise Line Limited since February 2022, having previously been CFO of Costcutter Supermarkets Group from September 2015…
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10 JanuaryHigh Street
Card Factory ups FY guidance amid strong Xmas sales
Card Factory has raised its full-year guidance following a year of “good momentum” across the business, with sales boosted by a return to high street spending, particularly over the Christmas trading period. The group anticipates that EBITDA in FY23 will now be at least £106m, up from a previous guidance…
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6 JanuaryHigh Street
LCP Group acquires Gateway Retail Park
The LCP Group has announced it has acquired a Gateway Retail Park in Harwich, Essex – marking more than 20 retail acquisitions in 12 months. The group, which is part of M Core, the acquisitive commercial property collective that has invested more than £160m over 12 months in retail assets,…
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Dec- 2022 -9 DecemberPeople Moves
Former Greggs CEO assumes new role on Card Factory board
Card Factory has announced that Roger Whiteside, the former CEO of Greggs, will assume the role of senior independent non-executive director on the group’s board next year. In a further change to the board, Indira Thambiah will be appointed chair of the Remuneration Committee, with effect from 1 February 2023.…
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Nov- 2022 -16 NovemberHigh Street
Card Factory ups guidance after ‘stronger than expected’ trading
Card Factory has upped its FY23 guidance after “stronger than expected” trading in the second half of the year, with full-year EBITDA now expected to be £96m, up from a previous guidance of £88.8m. According to the retailer, this EBITDA would approximate to profit-before-tax of £37.5m for the period. Its…
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Sep- 2022 -27 SeptemberHigh Street
Card Factory sales soars as high street business rebounds
Card Factory has welcomed revenue growth of 4.1% in its half-year results, following “good momentum within the business” as well as a “shift of customer spend back towards the high street and reversal of lockdown effects”. As customers returned to the high street, store revenue soared by 81.8% in the…
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Aug- 2022 -24 AugustPeople Moves
Card Factory appoints non-executive director
Card Factory has announced the appointment of Indira Thambiah as non-executive director, effective 1 September 2022. Thambiah has been appointed a member of each of the company’s remuneration committee, audit and risk committee and nomination committee. She is an experienced multi-channel retail executive and consultant, with previous roles including head…
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May- 2022 -3 MayHigh Street
Card Factory swings to profit in FY22
Card Factory plc has reported its pre-tax profits surged 167.7% to £11.1m for the year ended 31 January 2022 (FY22), compared to a loss of £16.4m in FY21. It said the performance comes in ahead of management’s expectations and amid “significant” trading disruption and inflationary cost pressures. Revenues also increased…
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Apr- 2022 -21 AprilHigh Street
Card Factory agrees on revised £150m refinancing
Card Factory has confirmed it has completed a £150m refinancing of the group, as it continues to take action to reduce its £79m debt. The financing includes a £100m revolving credit facility (RCF), which is available until September 2025; a £11.25m term loan facility; a £18.75m term loan facility, to…
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