NPW secures new funds for global growth

The global ambitions of the management team at NPW, which creates award-winning stationery, toys, games and gadgets, have been given a major boost following the agreement of a multi-million pound funding package with Clydesdale Bank.

With all eyes on the retail economy, the deal is a vote of confidence in NPW as a market-leading impulse giftware products business, which is currently enjoying turnover growth of 18% year-on-year. From its London headquarters, NPW designs, sources and sells gifts to retailers in the UK, Europe and North America, with a particular specialism in impulse and point-of-sale products. The company is also the UK’s non-bookstore distributor of the highly popular Moleskine notebooks.

Expansion in the UK and in North America has been rapid, and NPW currently serves a broad range of quality high street retailers and independent gift stores, including John Lewis, Monsoon, WH Smith, Old Navy and Urban Outfitters.

NPW has developed a management team with global retail experience to work with the company’s founders – Michael Sweeney and Jonathan Pooley. Mark Smith, the Chairman, was the founder and former CEO of Claire’s Accessories in Europe; he works alongside Tim Wright, former COO of King of Shaves, who is CEO.

Andrew Leek, Investment Director commented: “We invested in NPW in February 2012 with a view to a refinancing at later date. The funding package agreed with Clydesdale Bank enables the management team to accelerate growth in the UK, US and potentially further afield.”

Vivona Brands

View further information