The latest trading statement from IG Design Group showed a 35% surge in turnover as the company continues to grow its partyware offering.
The announcement takes the company’s turnover to $737 million, and reveals an increase in pre-tax profit as well as a dramatic reduction in its borrowings.
The company, which specialises in greeting cards and giftwrappings, is largely orientated towards the grocers and value retailers – such as Aldi, B&M, Wilko and Poundland – which have been able to trade throughout lockdowns.
Paul Fineman, ceo of IG Design Group highlighted partyware as “another of our growing categories,” with last year’s acquisition of craft company CSS reinforcing its partyware position.
“We feel confident that the next couple of years will further grow in this sector in the UK, Australia and Europe, increasing our product portfolio and design focus,” adds Paul.
On the licensing front, Paul has also reported a consumer focus on the evergreens, saying: “We have seen classics from Disney, Star Wars and definitely Peppa Pig still up there in the UK, while in the States, sports licences have done very well for us.”
