Hallmark: Greeting cards giant halves headcount in two years Retail The UK arm of greeting cards giant Hallmark has cut more than 150 jobs as part of its bid to return to profit. The Bradford-headquartered division of the US group reduced its headcount from 561 to 405 in 2024, new accounts filed with Companies House show. The latest figure is more than half the 867 [...]
IG Design: Card maker’s cost-cutting drive starts to pay off despite profit plummet Retail Profit at IG Design, the world’s largest maker of greeting cards, wrapping paper and gift bags, has been slashed but the firm is now cash generative and expecting to make a comeback in the second half of the year. As expected, group revenue fell 11 per cent in the six months to September, causing adjusted profit to [...]