Card Factory poised for a sell off

Mon, 29 Apr 2013 | BUSINESS SALE

Discount card retailer Card Factory is being prepared for a sell off to the tune of £600 million, the Sunday Times reported.

Its private equity owner Chapterhouse has hired Goldman Sachs to sound out interest from other private equity buyers, for the 650-store business.

Married pair Dean and Janet Hoyle set the business up in 1997 in Wakefield, West Yorkshire, by selling wares from the back of a van. Mr Hoyle is the owner of Huddersfield Town football club.

The pair pocketed £350 million when they sold the business to Chapterhouse three years ago.

Card Factory has done well in the recession, selling its discounted cards to cash-strapped customers, while its rivals, such as Clinton Cards, have floundered.

The retailer recorded a turnover of £265 million with £64 million in earnings for the year ending January 2012. At the time it had 611 stores with “significant further roll-out potential". Its chief executive Richard Hayes added in the accounts that the business had remained strong due to a low average spend, despite rising online competition.

Speaking to Insider Media back in November, Dean Hoyle attributed the success of the business to staying “very much below the radar” and being quiet about its profits amongst rivals. “I always have this fear that those who shout the loudest fall the hardest,” he said.

The firm overcame adversity in 2005 when faced with increasing costs from suppliers by establishing a working relationship with a design company and beginning to make its own cards. “That was the making of Card Factory,” Hoyle said.

____________________________________________________________________________
Related news:
Clinton Cards sale deadline approaching
Card Factory sold to Charterhouse


Share this article



Latest Businesses for Sale

Recruitment Agency (Fast Sale)
North West, UK

Indicative offers are required by 12:00hours on Monday 20 January 2020 with a view to completion shortly thereafter. The proposed Joint Administrators are seeking parties interested in the business and assets of a Company that trades as a recruitment...

Asking Price: Offers Invited
Turnover: £2,400,000

LEASEHOLD


Commercial Contractor (Fast Sale)
Midlands, UK Wide

Offers and proof of funding sought by 17:00hours on Friday 24 January 2020. The Joint Administrators are seeking parties interested in the business and assets of a commercial contractor business based in the Midlands.

Asking Price: Offers Invited
Turnover: £3,400,000

Hospitality Industry Recruitment Specialist
UK Wide

Provides highly skilled and professional hospitality staff across a variety of sectors. Recognised as both a preferred and top tier supplier for several of its prestigious clients. Supplying both temporary and permanent Nationwide staffing solutions....

Asking Price: Offers Invited
Turnover: £3,500,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
17
 
Jan
 

Sample book and shade card manufacturer acquired from administration | BUSINESS SALE

The business and assets of Yorkshire-based display products ...

 
16
 
Jan
 

Northgate and Redde shareholders approve merger | MERGER

The proposed merger of listed companies Northgate and Redde ...

 
15
 
Jan
 

SSE sells retail business to OVO Energy | DIVISION SALE

Power utility SSE has announced it has completed the sale of...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
29
 
Jun
 

Moonpig owner in business sale rumours | BUSINESS SALE

A number of private equity firms are thought to be circling ...

 
10
 
Jun
 

Punch Taverns looks to reduce debt pile | BUSINESS NEWS

Pub company Punch Taverns is looking to restructure the busi...

 
19
 
Mar
 

Mouchel considers sale over £90m debt | BUSINESS SALE

Engineering firm Mouchel has brought in Goldman Sachs to adv...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources