Card Factory drafts in MHP for IPO comms advice

Greeting card retailer Card Factory has handed MHP Communications the role of advising the company on its IPO next month.

The firm announced yesterday that it is intending to float, and is expected to be valued in the region of £800m.

The account will be led by MHP MD John Olsen and director Katie Hunt, who will report to Card Factory CEO Richard Hayes.

Card Factory sold more than 285 million single cards in the financial year ended 31 January 2014, achieving revenue growth of nine per cent to £326.9m.

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