Findel plc

Last updated
Studio Retail Group plc
Public limited company
Industry Mail order, Retail
Founded1962
Headquarters Accrington, Lancashire
Area served
 UK
Products
Revenue£410.6m (2016) [1]
Subsidiaries
  • Studio Retail Limited
  • Findel Education
  • Spa4Schools
  • FTCC1
  • Findel Wholesale
  • Findel Sourcing
  • Findel Europe
  • 2Care4
Website www.studioretail.group

Studio Retail Group plc, known until July 2019 as Findel plc [2] , is a British home shopping company, based in Accrington, Lancashire. [3] It is listed on the London Stock Exchange. Its chairman has been Ian Burke since 16 December 2016. [4]

Contents

Group Companies

Studio Retail Limited [5]

Studio Retail Limited, formerly Express Gifts Ltd [6] , the largest company within the Findel plc group, sells clothing, greeting cards, gifts, home and garden items through its Studio and Ace catalogues and websites.

Studio Retail Limited is a multi-channel retailer that offers home shopping services through a combination of direct catalogue marketing and online shopping. It is a credit proposition offering credit accounts.

Studio Retail Limited operates through the brands Studio and Ace [7] , and formerly HalfCost and Health & Home Shopping.

Findel Education Limited [5]

Findel Education is a supplier of educational resources in Europe, with a Head Office in the Hyde area of Greater Manchester. Customers include state and independent schools from nursery to secondary level, hospitals, charities, and other educational bodies. Product range covers all curriculum subjects as well as all the furniture, audio-visual, stationery and janitorial needs of schools and nurseries. The company trades in the UK and internationally through a series of catalogue brands including Findel Education, Findel International, Hope Education, Hope Early Years, GLS, Davies Sports, LDA, Philip Harris, UNILAB, NES Arnold, Galt and Step by Step. Findel Education undertakes PFI work in the UK. [8]

Spa 4 Schools Limited [5]

Spa4schools is a leading supplier of Education, Computing & Office Supplies to UK & Ireland Education and SME's based in Northern Ireland. [9] Approved supplier to The Education Authority (EANI) [10] . Acquired by Findel PLC in 2019 [11]

FTCC1 Limited [5]

Formerly Known As THE COTSWOLD COMPANY LIMITED which was acquired by Findel in 2007 [12] then the brand sold in 2009 [13] [14]

Findel Wholesale Limited [5]

2Care4 Limited [5]

Findel Europe B.V. [5]

Findel Sourcing (Shanghai) Limited, Findel Asia Sourcing Limited, Express Gifts Philippines Inc. [5]

Findel Asia Sourcing; sources products for group companies and third parties. Express Gifts Limited Philippines Inc. provides call centre services to Express Gifts Limited. [15]

History

Findel started as a greeting card company and went public in the early 1960s under the name "Fine Art Developments." [16] It spun off its greeting card business in 1997 as a separate company called "Creative Publishing", [17] which was subsequently acquired by Hallmark Cards in 1998. [18] The company changed its name to "Findel plc" in 2000 and then to Studio Retail Group plc in 2019. [8]

In August 2010, Findel sold CWIO, Confetti.co.uk and I Want One of Those (IWOOT) to The Hut Group [19]

In April 2013, Findel sold its healthcare division, NRS, to LDC, and in March 2015 Findel sold its Kleeneze business to CVSL Inc. [20]

In February 2016, Findel sold its online sports retailing business, Kitbag, to the leading US provider of licensed sports apparel and merchandise, Fanatics Inc. A snub to Mike Ashley & Sports Direct who had expressed interest in the brand. Sports Direct acquired an 18.9% share in Findel but was unsuccessful in appointing a director. [21]

In April 2017, Findel appointed Phil Maudsley as group CEO. [22]

In June 2019, Findel announced plans to rename itself as Studio Retail Group, and this change came into effect in July. [23]

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References

  1. ↑ "Findel PLC: Annual Report 2016" (PDF). Retrieved 13 June 2016.
  2. ↑ https://beta.companieshouse.gov.uk/company/00549034
  3. ↑ https://www.findel.co.uk/locations
  4. ↑ http://www.findel.co.uk/content/latestnews/16-findel-appoints-new-chairman/Ian_Burke_announcement_161216_final.pdf
  5. 1 2 3 4 5 6 7 8 "ANNUAL REPORT & ACCOUNTS 2019" (PDF). studio retail. October 2019. Retrieved 25 October 2019.
  6. ↑ https://www.studioretail.co.uk/latestnews/express-gifts-ltd-finalise-rebranding-studio-retail-limited
  7. ↑ "Studio Retail Ltd" . Retrieved 25 October 2019.
  8. 1 2 "ANNUAL REPORT & ACCOUNTS 2019" (PDF). Studio Retail PLC. Retrieved 25 October 2019.
  9. ↑ "Spa 4 Schools". Linkedin. Retrieved 25 October 2019.
  10. ↑ "TED". Tenders Electronic Daily - 'Supplement to the Official Journal' of the EU, European public procurement. Retrieved 25 October 2019.
  11. ↑ "Findel PLC Acquisitions". CrunchBase. Retrieved 25 October 2019.
  12. ↑ "Findel plc acquires The Cotswold Company Ltd". Crunchbase. Retrieved 25 October 2019.
  13. ↑ Shields, Amy (April 2009). "Findel axes Cotswold Company and Letterbox". Retail Week. Retrieved 25 October 2019.
  14. ↑ "FTCC1 Limited, Company number: 03235153". Companies House. Retrieved 25 October 2019.
  15. ↑ "Modern Slavery Act Transparency Statement" (PDF). Studio Retail Group. Retrieved 25 October 2019.
  16. ↑ "Top marks for quick switch". Yorkshire Post . 14 December 2004. Retrieved 13 December 2012.
  17. ↑ "Fine Art Developments to spin off card operation". The Independent . 17 May 1997. Retrieved 13 December 2012.
  18. ↑ "Hallmark Cards agrees to buy British competitor". Southeast Missourian . 10 July 1998. Retrieved 13 December 2012.
  19. ↑ "FINDEL SELLS LOSS-MAKING BUSINESSES". Insider Media. 12 August 2010.
  20. ↑ "kleeneze sold to US firm". lancashire business view. 9 February 2015.
  21. ↑ "Findel sells Kitbag to Fanatics in Sports Direct snub". 2 February 2016.
  22. ↑ "Findel Appoints CEO". StockMarket Wire. 6 April 2017.
  23. ↑ http://www.morningstar.co.uk/uk/news/AN_1559726253625664000/findel-to-become-studio-retail-as-annual-profit-boosted-by-studio-arm.aspx
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