NHS trusts eye £5bn savings in supply chain deal October 24, 2016 The NHS Shelford Group of 10 trusts has inked a deal with software firm Virtualstock to use its supply chain management software. It’s thought the deal will help the group surpass NHS targets of £5bn in savings by 2020. A February report estimated that £5bn is lost in the NHS through waste and price variations every [...]
Moonpig owner Photobox snapped up by Exponent Private Equity and Electra Partners October 20, 2015 The owner of online greeting card website Moongpig.com, Photobox, has received a buyout offer from Exponent Private Equity and Electra Partners which is reportedly around £400m. It comes over a year after Photobox abandoned plans to float on the London Stock Exchange for £500m, citing the volatile stock market performance of other companies which had taken the plunge. The [...]
Moonpig owner sent greetings by buyout firms June 28, 2015 THE OWNER of online card retailer Moonpig.com may change its plans for a flotation on the London stock market after reports emerged yesterday that several private equity firms are interested in buying the company. Photobox, which operates a group of online businesses, including PaperShaker, Sticky9 and its core Photobox brand, has hired advisers at Goldman [...]
The Snaffling Pig co-founders talk GoPros, Dragons’ Den, jail and setting up a business with £500 August 15, 2016 This is the difference between pork scratchings and pork crackling: scratchings are cooked at one temperature, which is why they can be perilously hard. Crackling has two meanings: it’s the stuff on top of belly of pork; it’s also pieces of skin and fat cooked at a lower temperature with a short burst of more heat [...]
Moonpig apps unavailable as it confirms security flaw January 6, 2015 Moonpig has confirmed it's "investigating" a vulnerability in its code which means personal details of three million customers may have been exposed for almost a year and a half. The company said many of its apps would be "unavailable for a time" while it looked into a blog posted yesterday warning that hackers could easily [...]
Photobox boss Stan Laurent: The man driving Moonpig’s growth story September 14, 2014 By the end of April, it became clear to Stan Laurent that London’s doors were effectively closed to new consumer-facing internet companies. There had just been the perfect storm of disastrous market debuts from Just Eat and AO World, along with two profit warnings from Asos that triggered a sell-off in shares of fellow fashion [...]
PhotoBox picks up Spanish rival Hofmann to boost EU expansion November 4, 2014 Europe’s largest online photo processing company PhotoBox further expanded its reach yesterday with the acquisition of Spanish photobook firm Hofmann. The deal, which is understood to take full advantage of the £50m revolving credit facility PhotoBox secured with RBS and Barclays in June, is part of the firm’s strategy to accelerate international expansion. “We’re keen [...]
Moonpig owner is set for £500m listing in London March 10, 2014 PHOTOBOX is preparing for a London Stock Market listing that could value the photo printing group at up to £500m, after the £1.6bn flotation of online retailer AO World and upcoming flotation of Pets at Home whetted investors’ appetites for London retail stocks. The firm, which sells personalised t-shirts, mugs and cards as well as [...]
Business hub London creates property boom September 25, 2014 PROPERTY FIRM of the year As London prices continue to rise, defying fears that the bubble is about to burst, property companies have seen a period of huge growth. Our shortlist, which was very tough to choose, includes companies such as the Berkeley Group and Workspace, which have seen their profits soar in the past [...]
Workspace gets boost from UK’s property boom June 4, 2014 SMALL business landlord Workspace smashed forecasts yesterday after reporting a 43 per cent jump in net asset value thanks to rising rents and a jump in the value of its properties. The real estate investment trust (Reit), which provides trendy office space for small to medium-sized creative businesses such as Moonpig, said its net asset [...]