CARDZONE EXPAND INTO SOUTH WALES

News

Cardzone, the Nottinghamshire based cards and novelty gifts retailer, has purchased the business of Card Centre which trades from 14 branches together with distribution warehouse in South Wales including stores in Cardiff, Swansea and Bridgend Outlet Centre.

The acquisition takes the number of stores within the company to 82 branches trading under the fascias of Paper Kisses and Cardzone.

Mark Bradley of FHP Property Consultants who advised Cardzone on the property aspects of the acquisition commented:-

“The Card Centre brand is well established in the region and includes Thorntons concessions in a number of stores.  Geographically the acquisition fits perfectly with the existing Cardzone portfolio and forms a strategic extension into South Wales.

We are now in the process of restructuring a number of leases and re-basing the rents by offering the landlords the stronger Cardzone covenant.”

Cardzone are set to continue with their expansion programme into 2015 with both new stores and business acquisitions.