Moonpig, which in 2019 separated from its parent company Photobox to become an autonomous business alongside sister company Greetz, has announced an 82% sales rise to £100m in the year to June 2019.
The pureplay greetings card retailer cites an increased demand for personalised product as the driving force behind its impressive sales.
Moonpig was founded by Dragon’s Den star Nick Jenkins, who went on to sell the business in 2011. In August 2019, former WHSmith CEO Kate Swann was appointed as Moonpig’s chairwoman.
Swann reported that as 90% of greeting cards are still sold in physical shops, there is “still a huge potential for growth.”