26th Feb 2007 09:00
Findel PLC26 February 2007 26th February 2007 Findel PLC ("Findel") Acquisition Findel PLC, one of the country's leading Home Shopping and Educational Suppliesbusinesses, is pleased to announce the acquisition of the entire issued sharecapital of The Cotswold Company Limited ("Cotswold") from its shareholders for£100,000 which was paid in cash on Completion.. Cotswold is a multi channel retailer of stylish home furnishings andaccessories. It has an ABC1 customer database with over 200,000 purchasers inthe last 24 months. The company utilises traditional catalogue and retailchannels and has a growing online business which accounts for 50% of the brand's£20m turnover. In the last two years the business has grown by over 30%. Patrick Jolly, CEO of Findel PLC said: "Cotswold is an excellent addition to our fast growing cash with order division. It has a great brand and product offering and we believe that as part of theFindel business we can deliver the support that it requires to become even moresuccessful in the future." For further information please contact: Patrick Jolly, Chief Executive, Findel plc Tel: 01943 864686David Dutton Group Finance Director Findel plc Tel: 01943 864686Keith Chapman, Chairman, Findel plc Tel: 01943 864686Jonathon Brill/Billy Clegg, Financial Dynamics Tel: 020 7831 3113 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
STU.L