Why Moonpig founder is over the moon
Published 26/07/2011 | 08:00
The founder of personalised greeting cards firm Moonpig.com is set for a windfall after the company was sold for £120m.
Digital photo service PhotoBox has bought Moonpig in a deal which will see chairman Nick Jenkins receive a large payout for some of his 35% stake in the company he set up in 1999.
Mr Jenkins, who will reinvest in the new business, said the move will enable Moonpig to enter new overseas markets.