// Moonpig sales rise 82% to £100 million
// The online greetings card retailer was founded by Dragon’s Den star Nick Jenkins
Moonpig has reported sales of £100 million thanks to the increase in demand for personalised cards.
The online greetings card retailer, which was founded by Dragon’s Den star Nick Jenkins, said its sales rose 82 per cent in the year to June 2019.
Jenkins sold the business in 2011 and Kate Swann, formerly chief executive at WHSmith, was appointed in August as Moonpig’s chairwoman.
“Customers have bought into our vision. A personalised card is always more meaningful, whether sent from the sofa, the commute, or the gym,” group chief executive Nickyl Raithatha said.
This year has seen Moonpig separate from its parent company Photobox into an autonomous business alongside its Dutch sister firm Greetz.
Swann said 90 per cent of greeting cards are still sold offline so there is “still a huge potential for growth”.