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Moonpig in sales talks with Photobox

Moonpig founder Nick Jenkins is reported to be in exclusive talks with Photobox regarding a potential sale of his greeting card company. The deal with the… View Article

GENERAL MERCHANDISE NEWS

Moonpig in sales talks with Photobox

Moonpig founder Nick Jenkins is reported to be in exclusive talks with Photobox regarding a potential sale of his greeting card company.

The deal with the online photo business could net Jenkins up to £100 million according to a report in the Mail on Sunday.

With a £40 million turnover, Moonpig is one of the fastest growing businesses in the UK. It currently sends 12 million online cards a year on behalf of its customers and employs 100 staff.

Owned by private equity firm Index Ventures, Photobox is undertaking a rapid programme of expansion. It currently operates in 15 countries and has 8.5 million members using its service. 

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