Studio Retail, recently renamed from Findel, is a home shopping retailer offering catalogue and online services. It was founded in 1962 as a greetings card company. It now sells clothing, greeting cards, gifts, home and garden items through its Studio and Ace catalogues and websites. In 2019, Findel fought off a bid from majority shareholder Mike Ashley, who owns Sports Direct and its many subsidiaries.
Value group Studio Retail has recorded a 55% sales increase year on year in the 11 weeks since April 23.
Studio has strengthened its senior team by appointing Rupert Nichols as its new trading director.
Pets at Home has appointed a new non-executive chair to succeed Tony De Nunzio.
Studio, the online retailer previously known as Findel, has posted a slump in profits following a surge in PPI claims.
Findel has said it has made a “solid start to the year” and its full-year financial guidance remains unchanged, ahead of its AGM this afternoon.
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