Park Group lands gift-card collaboration deal with Topshop owner

Park Group has signed new collaborations with retail businesses Arcadia Group, Wynsors World of Shoes, Office Outlet, DJM Music and Fat Face.

The multi-retailer, multi-channel gift voucher and prepaid gift card provider said the new collaborations mean Park's gift vouchers are now accepted by more than 175 national brands and over 20,000 high street stores across the UK, and almost 100 brands are now flexecash accredited.

Ian O'Doherty, chief executive of the AIM-listed company, said: "Arcadia Group brands are visible on nearly every UK high street or shopping centre, so this is a major new signing for our business and really boosts the opportunities for our customers and clients across the UK."

Wynsors World of Shoes, office and home suppliers Office Outlet, and online musical instrument specialists DJM Music, and Arcadia, which owns Topshop, Topman and Miss Selfridge, will now accept Park's 'Love2shop' vouchers.

"These exciting new retail collaborations will open up new, or strengthen existing markets for us, as well as expanding our retailer base. We are also pleased that flexecash is continuing to gain traction, with billings up almost £25m as a result of increased usage of prepaid cards," said O’Doherty.

Park's e-money prepaid flexecash card will be available for use in Fat Face stores by the end of Summer 2018.

As of 0906 BST, Park Group’s shares were up 2.05% at 73.98p.